1 Pine Street Spur, Poughkeepsie, NY 12601

Listing office Marcus & Millichap | New Jersey b***@marcusmillichap.com Show Phone

Listing date Jun 28, 2026

Source Marcusmillichap

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Overview

This two-story brick office building totals approximately 12,000 square feet and is currently leased to NuvanceHealth / Northwell Health. The property is structured as an NN+ lease with approximately eight years remaining, with 3% annual rent escalations. The current tenant is described as an investment-grade healthcare credit, with an S&P rating of A-.

The building is positioned in infill downtown Poughkeepsie and is located across from Vassar Brothers Medical Center, a 349-bed regional hospital. Access is described as convenient to Route 9 and Route 44/55, with proximity to the Mid-Hudson Bridge. The offering also notes proximity to Metro-North (Hudson Line) service to Grand Central Terminal, supporting patient and workforce accessibility.

For buyers seeking a healthcare-oriented office asset, the lease to a major healthcare provider and the remaining term can provide straightforward operating continuity. The NN+ lease structure and stated annual escalations may help support long-term lease cash flow under the terms provided, while the building’s medical-focused location supports tenant relevance for office and care-adjacent operations.

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Creature Comforts Animal Hospital, P.C. — 64 Pine St, Poughkeepsie, NY 12601

Location Insight

• Map
• Local Demand

City

Poughkeepsie

County

Dutchess

State

New York

Longitude

-73.9376143

Latitude

41.6967431

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FAQs

What type of property is this?

Medical Office Space - Two-story brick office building leased to a healthcare credit tenant under an NN+ structure with remaining term and 3% escalations.

Where is this medical office space located?

The property is located at 1 Pine Street Spur 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: Two‑story, 12,000 SF brick office building leased to NuvanceHealth / Northwell Health; Investment‑grade healthcare credit tenant (S&P rating: A-) with an NN+ lease structure; Approximately 8 years of lease term remaining