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2 buildings-29 apt & 6 stores-all rented 453 Main St 19,200 SF 100% Leased Retail Building Poughkeepsie, NY 12601 $4,950,000 ($257.81/SF) 7.20% Cap Rate
Executive Summary
Stable investment- 2 buildings- 453 Main Street & 464 Main Street, City of Poughkeepsie. Fully rented and in very good condition. 29 apartments & 6 stores. On site parking in rear of 453 Main. Brick , 3 level, walk up buildings. Convenient from both aertial highways ( rt. 44-rt. 55). Price: $141,000 per unit. offering brochure attached. Contact broker for rent breakdown and full operating expenses. More info/ inspection, contact Walt@ Berkshire Hathaway ( 845) 705-0994
wfinnerman@bhhshudsonvalley.com
wfinnerman@bhhshudsonvalley.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
19,200 SF
Building Class
C
Year Built
1976
Price
$4,950,000
Price Per SF
$257.81
Cap Rate
7.20%
NOI
$356,400
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.32
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
C-2
Frontage
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 131300-6162-78-243030-0000 | Improvements Assessment | $677,800 |
| Land Assessment | $67,700 | Total Assessment | $745,500 |
Property Taxes
Parcel Number
131300-6162-78-243030-0000
Land Assessment
$67,700
Improvements Assessment
$677,800
Total Assessment
$745,500
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2 buildings-29 apt & 6 stores-all rented | 453 Main St
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