In our first real-estate development in Nebwurgh, Liberty Street Partners forged a relationship with the City of Newburgh and the Newburgh Community Land Bank to renovate this four story building on the corner of Broadway and Liberty Street - the epicenter of Newburgh's revitalization.

Through collaboration, hard work and sheer-will, this once abandoned eye-sore is now home to a restaurant and six residential units above. 

This property is the first adaptive-reuse, mixed-use, and mixed-income development in the City of Newburgh - made possible through the use of Historic Tax Credits, the Newburgh IDA, and the Orange County Office of Community Renewal.

In 2014, Liberty Street Partners deployed it's first capital allocation and purchased four properties in the heart of Historic Newburgh.

True to our philosophy, we started small and conservative by purchasing the two "ugly ducklings" of East Parmenter Street. These two two-family buildings are adjacent to a substantial revitalization effort undertaken by Habitat for Humanity. One property, 22E. Parmenter sits on a double lot, which could one day be developed.

Our next acquisition was 115 Liberty Street, when acquired, it was also the ‘ugliest’ building on what would soon become the "Liberty Street Corridor." This mixed-use building had a vacant store front and two two-bedroom apartments. Through investor capital and a grant from the City of Newburgh's Facade Improvement Grant, LSP gave this building a facelift and leased the commercial space to Palate Wines & Spirits.

We rounded out a busy first year with the acquisition of a four-family several blocks away. This turnkey asset gave our investors and management team a taste for scale.

In partnership with the Community Preservation Corporation, the fund was able to leverage these assets at attractive terms and provide liquidity for additional projects.

In 2016, Liberty Street Partners was able to secure additional funding from our investor group to purchase larger and more predominant mixed-used properties in Newburgh. As early-adopters, we developed relationships with local property owners to acquire off-market assets. Our reputation for closing deals enabled us to negotiate quickly and fairly with sellers.

Our first acquisition was 49 Grand Street, a historic building that once housed the Wheelman’s Club, a pro-cycling club established in the late 1800s. This mixed-use property was renovated by local construction managers Libolt & Son’s in the early 2000s and was purchased fully occupied. The commercial tenant is Best Resources, an adult learning center that has been active in Newburgh for many years and offers the community essential job training skills.

Our second purchase was on the Newburgh Waterfront, developed into a promenade in the late 1990s and offering residents and tourists a majestic setting to enjoy food and drink overlooking the Hudson Valley. Front Street was remodeled in the early 2000 by famed local architect Jeff Wilkinson. The owners penthouse is a modern duplex overlooking the river with many amenities. Another loft apartment offers tenants a contemporary lifestyle, while business on the first two floors provide a focus on beauty, wellness and retail.

Finally, the partners purchased a 13 unit mixed-use property on Chambers Street. Also a turn-key building and recently remodeled, this property gave the portfolio further economies of scale. The loft-style apartments and coin operated laundry provided quality housing to local residents with potential upside.