Multifamily
Forbus Hill Apartments
31 Forbus St, Poughkeepsie, NY 12601
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire Forbus Hill Apartments, a 69-unit,
Class A garden-style multifamily community at 29-31 Forbus Street in Poughkeepsie, NY. Built in
1968 and comprising four two-story buildings totaling 50,096 square feet on 3.61 acres, the Property is
98.55% occupied with in-place rents 12.5% below market, pairing stabilized, durable cash flow with a
clear mark-to-market and renovation runway.
Forbus Hill Apartments
Investment Highlights
- Forbus Hill Apartments, a 69-unit, 50,096 SF Class A garden-style community at 31 Forbus Street in Poughkeepsie, NY.
- 98.55% Occupied | Asset Class: C | Lot Size: 3.61 Acres
- Located in Poughkeepsie, Dutchess County, the Forbus Hill Apartments are in close proximity to Metro-North Line & Amtrak offering great connectivity to Manhattan.
Investment Highlights
- Forbus Hill Apartments, a 69-unit, 50,096 SF Class A garden-style community at 31 Forbus Street in Poughkeepsie, NY.
- 98.55% Occupied | Asset Class: C | Lot Size: 3.61 Acres
- Located in Poughkeepsie, Dutchess County, the Forbus Hill Apartments are in close proximity to Metro-North Line & Amtrak offering great connectivity to Manhattan.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire Forbus Hill Apartments, a 69-unit, Class A garden-style multifamily community at 29-31 Forbus Street in Poughkeepsie, NY. Built in 1968 and comprising four two-story buildings totaling 50,096 square feet on 3.61 acres, the Property is 98.55% occupied with in-place rents 12.5% below market, pairing stabilized, durable cash flow with a clear mark-to-market and renovation runway.
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