39 Summersweet Dr - Apartments FOR SALE


Poughkeepsie, NY 12603- Arlington
$2,000,000 USD
212-544-9500
39 Summersweet Dr, Poughkeepsie, NY for Sale
$2,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

39 Summersweet Dr
Poughkeepsie, NY 12603
Arlington


HIGHLIGHTS

  • Governed by an HTFC regulatory framework allocating 100% of the portfolio to very low-income residents earning at or below 50% AMI.
  • Features a lucrative, assumable secondary loan from the New York State Housing Trust Fund Corporation locked in at a 1% interest rate.
  • Located in the heart of Dutchess County, offering seamless connectivity to major regional employers.
  • Consists of 28 total residential units spread across 8 townhouse clusters.
  • Features large layouts heavily weighted towards family spaces.

OVERVIEW

Scale & Layouts: 28 total residential units efficiently spread across 8 high-quality townhouse clusters Future Development Potential: Available land to build approximately 5-single family homes or 18 townhomes with necessary approvals Favorable Floorplans: Features large layouts with a heavily weighted premium towards family spaces with 19 Three-Bedroom and 9 Two-Bedroom configurations 100% Affordable Program Structure: Governed by an HTFC regulatory framework allocating 100% of the portfolio (all 28 units) to very low-income residents earning at or below 50% Area Median Income (AMI) Assumable Financing: Lucrative, assumable secondary loan from the New York State Housing Trust Fund Corporation (HTFC) locked in at a 1% interest rate through February 2035 Strategic Transit & Employment Hub: Located in the heart of Dutchess County, offering seamless connectivity to major regional employers, commuter paths, and the greater New York metropolitan market 2035 Unbeatable Suburban Setting: Situated directly between the highly trafficked, scenic Dutchess Rail Trail and Underhill Road, giving residents immediate access to top-tier outdoor recreation and local amenities

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

28

PRICE/UNIT

$71,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Crest

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

39.82 AC

LAND SF

1,734,559 SF

ZONING

R20

APN/PARCEL ID

134689-6162-12-907588-0000,134689-6162-12-908577-0000,134689-6162-12-908596-0000,134689-6162-12-908606-0000,134689-6162-12-909569-0000,134689-6162-12-910577-0000,134689-6162-12-910588-0000,134689-6162-12-910596-0000,134689-6162-12-912557-0000,134689-6162-12-912569-0000,134689-6162-12-912577-0000,134689-6162-12-912588-0000,134689-6162-12-913548-0000,134689-6162-12-914537-0000,134689-6162-12-915557-0000,134689-6162-12-915569-0000,134689-6162-12-915577-0000,134689-6162-12-915588-0000,134689-6162-12-916538-0000,134689-6162-12-916549-0000,134689-6162-12-917557-0000,134689-6162-12-917569-0000,134689-6162-12-917577-0000,134689-6162-12-918549-0000,134689-6162-12-919538-0000,134689-6162-12-919569-0000,134689-6162-12-920557-0000,134689-6162-12-921548-0000,134689-6162-12-922538-0000,134689-6162-12-964568-0000

ASK ABOUT THIS PROPERTY

Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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