Listed by Keller Williams Realty Partners, KW Mid-Hudson
$1,400,000
Multi-Tenant Industrial Complex
Details
APN 131300-6162-72-450202-0000
Property Type Industrial
Sub Type Flex, Manufacturing
Square Footage 12,832
Net Rentable (SqFt) 12,832
Units 8
Cap Rate 9.32%
NOI $130,442
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 3
Pro-Forma Cap Rate 10%
Pro-Forma NOI $140,068
Price per SqFt $109
Broker Co-Op Yes
Class B
Year Built 1950
Year Renovated 2024
Buildings 2
Acreage 0.940
Zoning C-3
Investment Type Stabilized
Dock High Doors 11
Multi-Tenant Industrial Complex | Poughkeepsie NY
Marketing description
Located in the heart of Poughkeepsie’s industrial and commercial zone (C-3), 188 Cottage Street presents a unique opportunity for investors or owner-users. This ±12,832 SF building sits on nearly an acre of land and offers flexible space ideal for office, light industrial, storage, or conversion to other income-producing uses. The property currently is 100% with a strong rental history and tenant mix. The layout and zoning offer potential to reconfigure or optimize usage based on need. With ample lot space and approximately 141 ft of frontage, the site also provides easy access for deliveries, employee parking, or outdoor operations.
Investment highlights
Investment Highlights – 188 Cottage Street, Poughkeepsie, NY
Strong Pro Forma Financials
- Pro Forma Gross Annual Income: $198,531
- Effective Gross Income (with 5% vacancy): 188,604
- Pro Forma Net Operating Income (NOI): $ 140,068
Solid Zoning and Tenancies
- Versatile Zoning (C-3)
- Commercial/industrial zoning supports a wide range of uses, including office, warehouse, auto-related, and trade businesses.
- Large Lot with Great Frontage
- Nearly 1 acre (0.94 acres) with approx. 141 feet of street frontage—ideal for parking, deliveries, and site access.
- Established Tenant Base
- Includes long-term occupants like towing, electrical, and professional service firms.
- Strategic Location
- Situated in Poughkeepsie’s industrial corridor, close to major roads, downtown, and the Mid-Hudson Bridge.
Listing Contacts
Listed by Keller Williams Realty Partners, KW Mid-Hudson
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,442.00
$10,870.17/mo
Valuation Metrics
0
DSCR
9.32%
Cap Rate
9.32%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
