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Opportunity awaits in the City of Poughkeepsie. This rare . 41-acre parcel offers a unique blend of history and development potential in an area experiencing continued growth and revitalization. The property features an original early 19th century three-story barn/garage that once served as a horse stable, showcasing rich mahogany wood finishes throughout the interior. The structure offers character and architectural charm rarely found in today’s market, presenting possibilities for restoration, adaptive reuse, or incorporation into a larger development vision. City water and sewer are available at the street, making this parcel especially attractive for builders and investors. With potential for multi-family development and possible subdivision (subject to municipal approvals), the property provides flexibility for a range of residential investment strategies. Ideally located near major hospitals, shopping centers, dining, commuter routes, and the scenic Hudson River waterfront, this property combines convenience with long-term upside. A distinctive piece of Poughkeepsie’s past, ready to be part of its future.
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$239,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $191,200 | $191,200 | $191,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,086 | $1,145 | $1,537 |
| Total Monthly Payment | $1,161 | $1,220 | $1,612 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.