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Multifamily

208-210 Main Street

208 Main St, Poughkeepsie, NY 12601

Listing Price: $6,000,000

Cap Rate
6.30%
Number of Units
49
GRM
7.40
Price/Unit
$122,449
Price/Gross SF
$171.43
Gross SF
35,000

Investment Overview

Marcus & Millichap 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.

Investment Highlights

  • 208-210 Main Street is a 49-unit elevator apartment asset in the heart of the City of Poughkeepsie.
  • 4 Story Elevator Building | 97% Occupancy | 41 One-Bedroom & 8 Two-Bedroom Unit Mix
  • The property is within walking distance of the Poughkeepsie Metro-North and Amtrak Station, providing direct rail service to New York City, Albany, and other major Northeast destinations.

Exclusively Listed By

Financing By

Multifamily

208-210 Main Street

Listing Price: $6,000,000

Cap Rate
6.30%
Number of Units
49
GRM
7.40
Price/Unit
$122,449
Price/Gross SF
$171.43
Gross SF
35,000

Investment Highlights

  • 208-210 Main Street is a 49-unit elevator apartment asset in the heart of the City of Poughkeepsie.
  • 4 Story Elevator Building | 97% Occupancy | 41 One-Bedroom & 8 Two-Bedroom Unit Mix
  • The property is within walking distance of the Poughkeepsie Metro-North and Amtrak Station, providing direct rail service to New York City, Albany, and other major Northeast destinations.

Investment Overview

Marcus & Millichap 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.

Exclusively Listed By

Financing By

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