$ 4,800,000
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$4,800,000
Price -
0
Bed - Bath
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0
SqFt
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About the Listing KWMIDH - 55956
HVNY Commercial Team @KW is pleased to exclusively market 347 Main Street, Poughkeepsie - 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 Highlights for 347 Main St
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 80
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,Private
Financial Details
- Tax Amount: $113,888
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
347 Main St Poughkeepsie, NY 12601
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