347 Main Street, Poughkeepsie, NY 12601
sale
$4,800,000
|
Office
Courtesy Of Keller Williams Realty Partners
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
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
Read More About This Property
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 912474
- Parking Spaces: 80
- Rooms: Basement
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