Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Pets: | Pets No |
| Lot Size: | 1.17 Acres |
Financials
Listing Courtesy of KW MidHudson
Description347 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 COMPONENTAmenities- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Private
- Water Connected
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
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Private
- Water Connected
347 Main Street, Poughkeepsie is a multi tenant retail office asset on 1.
Description347 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 COMPONENTAmenities- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Private
- Water Connected
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
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Private
- Water Connected
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
