208-210 Main St - Apartments FOR SALE


Poughkeepsie, NY 12601- Downtown Poughkeepsie
$6,000,000 USD
212-430-5136
208-210 Main St, Poughkeepsie, NY for Sale
$6,000,000 USD
Apartments - FOR SALE
1/11
null | 6.3% Cap Rate

208-210 Main St
Poughkeepsie, NY 12601
Downtown Poughkeepsie


HIGHLIGHTS

  • 49-unit elevator apartment building located in the heart of the City of Poughkeepsie
  • 35,000-square-foot property comprised of 41 one-bedroom and 8 two-bedroom apartments
  • Currently 97% occupied
  • 100% free-market asset
  • In-place rents averaging $1,379 per month compared to estimated market rents of $1,524
  • Well-configured, professionally managed apartment building

OVERVIEW

The New York Multifamily Group is pleased to present for sale 208-210 Main Street, a 49-unit elevator apartment building located in the heart of the City of Poughkeepsie. The 35,000-square-foot property is comprised of 41 one-bedroom and 8 two-bedroom apartments and is currently 97% occupied. The property offers a compelling opportunity to acquire a well-located, 100%free-market asset with in-place rents averaging $1,379 per month compared to estimated market rents of$1,524, providing a clear path for continued rental growth.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

64

PRICE/UNIT

$93,750

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1986

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,607 SF

ZONING

C-2

APN/PARCEL ID

131300-6062-84-976119-0000

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-5136

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Seth GlasserMarcus & MillichapMore Info
212-430-5136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.