Price Reduced 6.25%
Price History
$4,800,000
9/12/2025
$4,500,000
12/1/2025
347 Main Street, Poughkeepsie, NY, 12601
1860
347 Main Street, Poughkeepsie is a multi-tenant retail/office 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 7 stories. PRO FORMA NOI NEARLY $500,000 BUILD 60-80 APARTMENTS OVER PARKING LOT AS-OF-RIGHT UP TO 100 APARTMENTS WITH AFFORDABLE HOUSING COMPONENT
Status:
Active
Type:
Commercial
Heating:
Forced Air, Natural Gas
Cooling:
Central Air
Basement:
Finished, Full
Levels:
2
Parking:
80-car, Parking Lot, Private
Acreage:
1.17
Est. Taxes:
$113,888
Construction
Brick
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Private, Water Connected
Days on Market:
82
MLS #:
912474
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of KW MidHudson 914-962-0007