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220 Main St 9,467 SF Retail Building Poughkeepsie, NY 12601 $1,000,000 ($105.63/SF) 8.87% Cap Rate
INVESTMENT HIGHLIGHTS
- location
- affordable apartments for single tenants
EXECUTIVE SUMMARY
10 renovated studio apartments plus insurance office (Freeway Insurance). Centrally located with access to all municipal, county buildings, banks and restaurants in downtown Poughkeepsie. Easy access to East-West Arterial, Route 9 and the Mid-Hudson Bridge. On bus route, walking distance to Metro North Train Station and Union Street Historic District. Has Multiple Residence Certificate of occupancy. This property can be sold with adjoining property at 218 Main Street (listed at $375,000) at a discount for $1,500,000.
Please contact John-Mark Ouka at 845-204-7326 to arrange showing the property.
Please contact John-Mark Ouka at 845-204-7326 to arrange showing the property.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
9,467 SF
Building Class
C
Year Built
1920
Price
$1,000,000
Price Per SF
$105.63
Cap Rate
8.87%
NOI
$88,686
Tenancy
Single
Building Height
3 Stories
Building FAR
3.62
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Frontage
Walk Score®
Very Walkable (89)
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220 Main St
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