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1 Cottage Street Poughkeepsie, NY 12601
$485,000
  • Commercial
  • Year Built 1953
  • Warehouse
  • ML# 863642

Property Details

Overview

City of Poughkeepsie needs new housing with demand out-stripping supply. This is a great opportunity to convert from commercial to residential use in quiet neighborhood.Recently zoned for four (4) family residence. Building as exists will allow for the addition of a 2nd floor leading to more than 4 apartments or two-floored units. Cost of conversion is cheaper and quicker than building new or gutting and repair of old buildings.This prosed use is a as of right’ use under new zoning designation: RNC. Standard site-plan review is required by the City.Building is in excellent condition. Ready for your architect/engineer to lay out the floor plan for four units, then call the framer, plumber and electrician. Close to all the City has to offer and shopping & transportation; Rt 9, Bridge, Hudson Line train.Off-street parking.Will generate top rents upon completion of new units.Can also be used for Day-Care as of right.

Key Facts

  • Lot Size: 0.21
  • Lot Sq Ft: 9148
  • Taxes: $7,168
  • Sale or Rent: Sale
  • Zoning: RNC ( was R-4 )

Additional Features

  • Construction Materials: Block
  • Parking Spaces: Yes
  • Parking Facilities: Off Street, Parking Lot

Interior & Utilities

  • Heat: Forced Air, Natural Gas
  • A/C: Central Air, Wall/Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $7,168
Listing Information provided courtesy of David L Russell Realty  845-561-7950
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