347 Main Street, Poughkeepsie, NY 12601
Dutchess County
Key Facts
Description
347 Main Street, Poughkeepsie is a multi-tenant office/medical 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 6 stories over the parking lot.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1860
Stories
2
Living Area
33,711 sq ft
Lot Size
1.17 acres
Parking Spaces
80
Days on Market
84
MLS® Listing#
976196
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$113,888
Affordability Calculator
$1,050,000
Estimated monthly payment
$27,943/mo
Principal $4,200,000 · Est. interest $5,859,374 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Poughkeepsie, NY
- $436,111
- Median Listing Price
- 38
- Median Days on Market
- 1,816
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 182
- Active Listings
- This home’s price is 1104% above the area median.
- Its price per sq ft is 35% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Poughkeepsie, NY.
Location
Points of Interest in Poughkeepsie, NY
Showing the Poughkeepsie area map.
Nearby Schools
Poughkeepsie Public School Teachers
School · 0.2 mi away
Clinton Elementary School
Elementary · 0.2 mi away
Morse Young Magnet School
Elementary · 0.3 mi away
Columbus Elementary School
Elementary · 0.5 mi away
Warring Magnet Academy of Science and Technology
School · 0.5 mi away
Smith Humanities Magnet School
School · 0.7 mi away
The Institute for Holistic Health
School · 0.7 mi away
Our Lady of Mt Carmel Faith Formation Program
School · 0.7 mi away
Poughkeepsie City School District
School · 0.8 mi away
Poughkeepsie High School
Secondary · 0.8 mi away
Poughkeepsie Middle School
Secondary · 1.0 mi away
Holy Trinity School
School · 1.3 mi away
Arlington Central School District
Secondary · 1.3 mi away
Alumnae Alumni Vassar College
School · 1.5 mi away
Krieger Elementary School
Elementary · 1.5 mi away
Arthur S May School
Elementary · 1.6 mi away
Arlington Middle School
Elementary · 1.7 mi away
Wimpsheimer Nursery School at Vassar College
School · 1.8 mi away
Violet Avenue Elementary School
Elementary · 1.9 mi away
Rose Hill Manor Day School of Highland
School · 2.0 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Poughkeepsie
Listing Courtesy: KW MidHudson - 9149620007
Presented by: Don Minichino
Fair Housing Notice