1. New York
  2. Poughkeepsie
  3. 347 Main Street
$4,800,000

347 Main Street, Poughkeepsie, NY 12601

  • 33,711 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1860
  • Property Lot Size Icon1.17acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $142/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

347 Main Street, Poughkeepsie is a multi-tenant retail/office asset on 1.17ac with leasing and development upside in a growing Central Business District. The subject property includes one of three federal bankruptcy courthouses in the Southern District of New York, guaranteed by the United States Government (S&P Credit Rating: AA+). The lease commenced in 2005 and was recently extended for an additional 10 years thru 2034. Though some of the 80+ surface lot parking spaces are dedicated to the court, a large majority of the lot could be developed into an apartment building or hotel with up to 7 stories. PRO FORMA NOI NEARLY $500,000 BUILD 60-80 APARTMENTS OVER PARKING LOT AS-OF-RIGHT UP TO 100 APARTMENTS WITH AFFORDABLE HOUSING COMPONENT

Listing Status:
Active
Listing Office:
KW MidHudson : 914-962-0007
MLS ID:
912474
  • Basement: FinishedFull
  • A/C: Central Air
  • Heating: Forced AirNatural Gas

This listing courtesy of KW MidHudson

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gov George Clinton School

100 Montgomery St, Poughkeepsie, NY, 12601

Grades 1-5

0.25 miles away

P

Poughkeepsie Middle School

55 College Ave, Poughkeepsie, NY, 12603

Grades 6-10

0.96 miles away

P

Poughkeepsie High School

70 Forbus St, Poughkeepsie, NY, 12603

Grades 9-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.