Multifamily

24 Barclay

24 Barclay St, Poughkeepsie, NY 12601

Listing Price: $1,795,000

Cap Rate
6.36%
Number of Units
14
GRM
9.56
Occupancy
97.00%
Price/Unit
$128,214
Price/Gross SF
$153.42
Gross SF
11,700

Investment Overview


Marcus and Millichap is please to exclusively represent ownership for the sale of 24 Barclay Street, Poughkeepsie, New York, 12601. The subject property is a well maintained, brick four story walk-up apartment building containing a total of 14 units of which eight are the three rooms and six are 4.5 rooms. It was built in 1936 and renovated in 2019 with new rubber roof, new windows, new hot water tanks, new electric, and new flooring throughout. In addition, the hallways were decorated, and the exterior was pointed. Located in the historic downtown district of Poughkeepsie, at the intersection of Barclays and South Hamilton Streets, the building sits in a quiet, residential neighborhood of family properties. Its just two houses away from the historic Phillips House at 18 Barclay Street and just 1.5 miles from Vassar College. This property is ideally suited for an investor or 1031 buyer seeking a stable asset with upside in in under marker rents. Collections through Covid have been reliable and steady.

Investment Highlights

  • Recently renovated four story multifamily brick building.
  • Fully Occupied 14 Units With Excellent Rent Collection History
  • Quiet residential neighborhood

Exclusively Listed By

Financing By

Listing Price: $1,795,000

Cap Rate
6.36%
Number of Units
14
GRM
9.56
Occupancy
97.00%
Price/Unit
$128,214
Price/Gross SF
$153.42
Gross SF
11,700

Investment Highlights

  • Recently renovated four story multifamily brick building.
  • Fully Occupied 14 Units With Excellent Rent Collection History
  • Quiet residential neighborhood

Investment Overview


Marcus and Millichap is please to exclusively represent ownership for the sale of 24 Barclay Street, Poughkeepsie, New York, 12601. The subject property is a well maintained, brick four story walk-up apartment building containing a total of 14 units of which eight are the three rooms and six are 4.5 rooms. It was built in 1936 and renovated in 2019 with new rubber roof, new windows, new hot water tanks, new electric, and new flooring throughout. In addition, the hallways were decorated, and the exterior was pointed. Located in the historic downtown district of Poughkeepsie, at the intersection of Barclays and South Hamilton Streets, the building sits in a quiet, residential neighborhood of family properties. Its just two houses away from the historic Phillips House at 18 Barclay Street and just 1.5 miles from Vassar College. This property is ideally suited for an investor or 1031 buyer seeking a stable asset with upside in in under marker rents. Collections through Covid have been reliable and steady.

Exclusively Listed By

Financing By

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