Medical Office Building with
1 Pine St, Poughkeepsie, NY 12601
For Sale
Contact for pricing
For sale medical office building on 1 Pine St with 3% annual escalations and a direct position across from Vassar Medical Center.
Property Size12,000 SF
Price / SF$520.83
Days on Market151
Property Features for 1 Pine St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Stories
Tenancy
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Brian Kaplan · License NJ #1753184
(917) 446-0931
Source:
Crexi
Added: Jun 17
Changed: Nov 2
Last Checked: Nov 12 at 6:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - New Jersey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is a medical office building configured for healthcare-oriented office use, presented for sale with 3% annual escalations. The property totals 12,000 square feet and is described in the public remarks as a MOB.
The building is located at 1 Pine St in Poughkeepsie, NY. The listing notes the property is across from Vassar Medical Center, creating a direct, destination-type healthcare setting.
For medical and related service tenants or owner-operators, the asset’s stated medical office building format and its relationship to Vassar Medical Center may support a practical fit for businesses seeking a healthcare-centered address. The 3% annual escalations term referenced in the remarks is also a consideration for buyers evaluating ongoing contract structure and future rent growth mechanics. All details beyond the information provided here, including unit mix, lease terms, and condition, should be confirmed during due diligence.
The building is located at 1 Pine St in Poughkeepsie, NY. The listing notes the property is across from Vassar Medical Center, creating a direct, destination-type healthcare setting.
For medical and related service tenants or owner-operators, the asset’s stated medical office building format and its relationship to Vassar Medical Center may support a practical fit for businesses seeking a healthcare-centered address. The 3% annual escalations term referenced in the remarks is also a consideration for buyers evaluating ongoing contract structure and future rent growth mechanics. All details beyond the information provided here, including unit mix, lease terms, and condition, should be confirmed during due diligence.
Key Highlights
- Medical office building with Year Built 1980
- Located at 1 Pine St, directly across from Vassar Medical Center
- Includes 3% annual escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,320
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,866,400
$3.9M
Cap Rate 7%
$2,761,714
$2.8M
Cap Rate 9%
$2,148,000
$2.1M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$360.0K $30.00/SF
− Vacancy
−$37.8K −$3.15/SF
EGI
$322.2K $26.85/SF
− OpEx
−$128.9K −$10.74/SF
NOI
$193.3K $16.11/SF
Area
Dutchess County, NY
Vacancy
10.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,866,400
Cap Rate 7%
$2,761,714
Cap Rate 9%
$2,148,000
Alternative Uses
Best Use
Healthcare Medical
$2.76M
$2.42M – $3.22M
NOI $193,320 @ 7.0% cap · market cap 3.09%
Second Best
Office B
$2.74M
$2.40M – $3.20M
NOI $192,067 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,855 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,834
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Creature Comforts Animal Hospital, P.C. — 64 Pine St, Poughkeepsie, NY 12601
Frequently Asked Questions
What type of property is this?
Medical Office Space - For sale medical office building on 1 Pine St with 3% annual escalations and a direct position across from Vassar Medical Center.
Where is this medical office space located?
The property is located at 1 Pine St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Medical office building with Year Built 1980; Located at 1 Pine St, directly across from Vassar Medical Center; Includes 3% annual escalations
