Amazing opportunity in the heart of Downtown Poughkeepsie! Possible re-development play bringing in $120K a year in gross income, $155k Pro-Forma. Totaling an acre, situated on the corner of Mill St and N Hamilton. Sale consists of 4 parcels total, 2 of them are vacant land with frontage on Mill St as well as N Hamilton, in the creative edge zoning districts. 355 Mill currently warehouse/office owner occupied, C-3 zoning and 359 Mill, mixed use, C-3 zoning, 4 family home of 1 bedrooms, a studio and salon, and 8 garages total in the rear of the lot. All spaces currently occupied with long standing tenants. Municipal water, sewer and natural gas. Be a part of the revitalization of Poughkeepsie!
Heating:
Electric, Natural Gas, Baseboard, Forced Air
Cooling:
None, Window Unit(s)
Current Use
Automotive, Mixed Use, Office, Residential, Retail, Warehouse
School District:
Poughkeepsie
Appliances:
Oven, Refrigerator
355-359 Mill Street, Poughkeepsie, (Poughkeepsie City), NY, 12601
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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