194 Church Street, Poughkeepsie, NY 12601
Dutchess County
Key Facts
Description
Prime Development Opportunity – 11 Parcel Assemblage in Poughkeepsie Innovation District Exceptional opportunity to acquire a rare 11-parcel assemblage totaling approximately 1.12 acres, strategically located at the intersection of Academy Street, Church Street, and Noxon Street in the heart of the City of Poughkeepsie. Situated within the highly desirable PID-B (Poughkeepsie Innovation District) and MU-5 (Mixed-Use) zoning districts, this property offers outstanding flexibility for a wide range of development possibilities including multi-family residential, mixed-use, retail, office, hospitality, medical, student housing, and more. Zoning allows for high-density development with significant upside potential. PID-B zoning permits up to 9 stories (120 ft) with affordable housing inclusion, while MU-5 allows up to 7 stories (94 ft), making this an ideal site for developers looking to capitalize on the continued growth and revitalization of downtown Poughkeepsie. The property benefits from expansive street frontage and is not located within a historic district, simplifying the development process. Additional advantages include flexible parking options with the potential for Planning Board relief or fee-in-lieu programs, along with immediate proximity to a municipal parking lot offering approximately 210 spaces. Conceptual development studies have already been completed, demonstrating the site’s capacity for a range of residential unit configurations, further supporting its strong investment potential. Located in a prime urban infill area with strong rental demand and ongoing infrastructure investment through the City’s Innovation District initiative, this property presents a unique opportunity for developers and investors to create a high-impact project in one of the Hudson Valley’s fastest-growing markets.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Lot Size
0.11 acres
Days on Market
1
MLS® Listing#
974795
Property Features
Cooling
Heating
Parking
Lot Features
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$7,000
Assessed Value
$49,500
Parcel Number
131300-6161-21-076993-0000
Affordability Calculator
$380,000
Estimated monthly payment
$10,113/mo
Principal $1,520,000 · Est. interest $2,120,535 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Poughkeepsie, NY
- $433,784
- Median Listing Price
- 36
- Median Days on Market
- 1,823
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 189
- Active Listings
- This home’s price is 338% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Poughkeepsie, NY.
Location
- 194 Church Street, Poughkeepsie, NY 12601
Getting Around
Points of Interest in Poughkeepsie, NY
Showing the Poughkeepsie area map.
Nearby Schools
Clinton Elementary School
Elementary · 0.1 mi away
Poughkeepsie Public School Teachers
School · 0.3 mi away
Columbus Elementary School
Elementary · 0.4 mi away
Morse Young Magnet School
Elementary · 0.5 mi away
The Institute for Holistic Health
School · 0.6 mi away
Warring Magnet Academy of Science and Technology
School · 0.7 mi away
Our Lady of Mt Carmel Faith Formation Program
School · 0.7 mi away
Smith Humanities Magnet School
School · 0.7 mi away
Poughkeepsie City School District
School · 0.8 mi away
Poughkeepsie High School
Secondary · 0.9 mi away
Poughkeepsie Middle School
Secondary · 1.0 mi away
Holy Trinity School
School · 1.4 mi away
Arlington Central School District
Secondary · 1.4 mi away
Krieger Elementary School
Elementary · 1.5 mi away
Alumnae Alumni Vassar College
School · 1.5 mi away
Arthur S May School
Elementary · 1.8 mi away
Arlington Middle School
Elementary · 1.8 mi away
Wimpsheimer Nursery School at Vassar College
School · 1.9 mi away
Rose Hill Manor Day School of Highland
School · 1.9 mi away
Violet Avenue Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 188 Cottage Street, Poughkeepsie, NY | $1,400,000 | — | — | 12,832 |
| 26 Kimlin Court, Poughkeepsie, NY | $1,595,000 | 4 | 4 | 3,455 |
| 214 Main Street, Poughkeepsie, NY | $1,699,000 | — | — | 7,580 |
| 6 Conifer Court, Poughkeepsie, NY | $1,704,000 | 4 | 5 | 5,250 |
| 17 Forrest Way, Poughkeepsie, NY | $1,750,000 | 4 | 6 | 5,404 |
| 215 Smith Road, Poughkeepsie, NY | $1,895,000 | 3 | 3 | 3,681 |
Moving Cost Estimate
EXIT Agents in Poughkeepsie
Listing Courtesy: K. Fortuna Realty, Inc. - 8456323492
Presented by: Ginalea Healy
Fair Housing Notice