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77-79 Garden St 77 Garden St 12 Unité Immeuble d’appartements 2 948 043 $ CAD (245 670 $ CAD/Unité) 7% Taux de capitalisation Poughkeepsie, NY 12601
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Résumé de l'annonce
The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer 77-79 Garden St for sale, a 1920-built, 12-unit multifamily property located in Poughkeepsie, New York. The property is approximately 17,520 square feet across two buildings, contains a 100% three-bedroom unit mix. The investment presents a compelling value-add
opportunity to capture a current 13.7% loss-to-lease and increase the net operating income to a stabilized $180,477.
VALUE OPPORTUNITY
A significant value-add opportunity exists by capturing the current 13.7% loss-to-lease. This strategy is projected to increase the NOI by 23.8% to a stabilized $180,477 in Year 1.
WALKABLE TRANSIT
The property boasts a Walk Score of 78, offering pedestrian access to downtown amenities. Located under 1 mile from the Metro-North Train Station, it provides direct commuter rail access to New York City.
ROBUST LOCAL DEMAND
The property benefits from a highly stable tenant base anchored by major regional institutions. Demand is driven by IBM's 3,000 employees, the 243-bed MidHudson Regional Hospital, and 9,000 students at Vassar and Marist.
DESIRABLE 3-BEDROOM MIX
All 12 residential units feature strictly 3-bedroom, 1-bathroom floor plans, a composition rarely found in comparable multifamily product. This 100% 3-bedroom mix caters perfectly to the core demographic in a tight market.
DOWNTOWN REVITALIZATION
The property is within walking distance of over $150 million in active construction projects, enhancing neighborhood appeal. This includes the $147 million Wallace Campus development, adding 187 housing units and 22,000 SF of retail space. The city also secured $9.7M across 10 Downtown Revitalization Initiative projects.
opportunity to capture a current 13.7% loss-to-lease and increase the net operating income to a stabilized $180,477.
VALUE OPPORTUNITY
A significant value-add opportunity exists by capturing the current 13.7% loss-to-lease. This strategy is projected to increase the NOI by 23.8% to a stabilized $180,477 in Year 1.
WALKABLE TRANSIT
The property boasts a Walk Score of 78, offering pedestrian access to downtown amenities. Located under 1 mile from the Metro-North Train Station, it provides direct commuter rail access to New York City.
ROBUST LOCAL DEMAND
The property benefits from a highly stable tenant base anchored by major regional institutions. Demand is driven by IBM's 3,000 employees, the 243-bed MidHudson Regional Hospital, and 9,000 students at Vassar and Marist.
DESIRABLE 3-BEDROOM MIX
All 12 residential units feature strictly 3-bedroom, 1-bathroom floor plans, a composition rarely found in comparable multifamily product. This 100% 3-bedroom mix caters perfectly to the core demographic in a tight market.
DOWNTOWN REVITALIZATION
The property is within walking distance of over $150 million in active construction projects, enhancing neighborhood appeal. This includes the $147 million Wallace Campus development, adding 187 housing units and 22,000 SF of retail space. The city also secured $9.7M across 10 Downtown Revitalization Initiative projects.
Faits sur la propriété
| Prix | 2 948 043 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 245 670 $ CAD | Style d’appartement | De faible hauteur |
| Type de vente | Investissement | Classe d’immeuble | C |
| Taux de capitalisation | 7% | Taille du lot | 0,10 AC |
| Multiplicateur du loyer brut | 8.3 | Taille du bâtiment | 17 520 pi² |
| Nombre d’unités | 12 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1920 |
| Zonage | R-4 | ||
| Prix | 2 948 043 $ CAD |
| Prix par unité | 245 670 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7% |
| Multiplicateur du loyer brut | 8.3 |
| Nombre d’unités | 12 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,10 AC |
| Taille du bâtiment | 17 520 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1920 |
| Zonage | R-4 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 7 | - | - |
1 1
Moyennement accessible à pied
70/100
Moyennement adapté aux voitures
70/100
Transports en commun relativement accessibles
50/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 131300-6162-70-127207-0000 | Évaluation des bâtiments | 671 592 $ CAD |
| Évaluation du terrain | 86 476 $ CAD | Évaluation totale | 758 068 $ CAD |
Impôts fonciers
Numéro de lot
131300-6162-70-127207-0000
Évaluation du terrain
86 476 $ CAD
Évaluation des bâtiments
671 592 $ CAD
Évaluation totale
758 068 $ CAD
Contacts
-
Seth Glasser -
Michael Fusco -
Matthew Gault -
Scott Wasserberger -
Marcus & Millichap
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77-79 Garden St | 77 Garden St
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