Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

5-13 Academy St 12 Unit Apartment Building $3,175,718 CAD ($264,643 CAD/Unit) 9.19% Cap Rate Poughkeepsie, NY 12601

Apartment Buildings New York Poughkeepsie 5-13 Academy St, Poughkeepsie, NY 12601

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Turn-key investment - Mixed-Use Brick Building
  • Condition: 4 units were completely gutted, and the other units were renovated
  • There is potential to add a few more units
  • Mix use: 8 residential and 4 commercial, a total of 12 units
  • Three brand new stores with new long-term leases
  • The cap rate is 9% and 12% cash on cash

EXECUTIVE SUMMARY

TURN-KEY INVESTMENT of 9% cap rate. Property Overview: Unit Mix: There are 12 units, 8 residential and 4 commercial. Condition: In 2023, 4 units underwent complete gutting, while the other 4 units were renovated during the same year. Unit Sizes: 5 are three-bedroom units and include a washer/dryer. The other 3 units are spacious two-bedroom units. There are potential floor plans to convert them into three-bedroom units. The tenants are paying all utilities except the water. There is potential to add a few more units without extending the building, further increasing its value and income potential.
Please email me to get the rent roll and I&E at Yehudafrealty@gmail.com

PROPERTY FACTS

Price $3,175,718 CAD Building Class C
Price Per Unit $264,643 CAD Lot Size 0.09 AC
Sale Type Investment Building Size 11,500 SF
Cap Rate 9.19% Average Occupancy 100%
No. Units 12 No. Stories 3
Property Type Multifamily Year Built/Renovated 1900/2023
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Mid-Rise
Zoning C-2 - Mixed-Use
Price $3,175,718 CAD
Price Per Unit $264,643 CAD
Sale Type Investment
Cap Rate 9.19%
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.09 AC
Building Size 11,500 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1900/2023
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning C-2 - Mixed-Use

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 5 $3,071 CAD -
2+1 3 $2,652 CAD -
1 1
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 131300-6162-77-122036-0000 Improvements Assessment $222,418 CAD
Land Assessment $59,762 CAD Total Assessment $282,180 CAD

PROPERTY TAXES

Parcel Number
131300-6162-77-122036-0000
Land Assessment
$59,762 CAD
Improvements Assessment
$222,418 CAD
Total Assessment
$282,180 CAD
(845) 499-5533

Still interested?

Contact the broker for more information about this property

CONTACT

  • Yehuda Fischman
    Yehuda Fischman

  • Listing ID: 34097445

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 5-13 Academy St, Poughkeepsie, NY 12601

The Downtown Poughkeepsie Multifamily Property at 5-13 Academy St, Poughkeepsie, NY 12601 is currently available. Contact eRealty Advisors for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 1 of 10
Front of the building
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 2 of 10
Living Room1
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 3 of 10
Living Room2
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 4 of 10
Kitchen
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 5 of 10
Living Room3
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 6 of 10
Bedroom2
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 7 of 10
Bedroom1
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 8 of 10
Bedroom3
5-13 Academy St, Poughkeepsie, NY for sale Building Photo- Image 9 of 10
Bethroom
1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

5-13 Academy St
(845) 499-5533 x

5-13 Academy St

Yehuda Fischman
(845) 499-5533

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.