Commercial Income Building with Separate
For Sale
Contact for pricing
110 Fulton Ave, Poughkeepsie, NY 12603
Income property featuring a main building plus a separate building, with 240 feet of frontage on Fulton Avenue.
Property Size5,118 SF
Lot Size1.80 Acres
Price / SF$190.50
Days on Market175
Property Features for 110 Fulton Ave
General Information
Standard status
Active
Size
5,118 SF
Class
C
Lot size
1.80 Acres
Property subtype
Multifamily
Zoning
Residence, Multi-Family
Additional Details
Road Access
Yes
Building Details
Units
1
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License #NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: Apr 6
Changed: Sep 20
Last Checked: Sep 26 at 7:05AM
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 CR Properties Group LLC
Investment Insights
Based on property information with market context.
This commercial income property includes a main building and a separate building located at 110 Fulton Avenue. The total building area is 5,118 SF, situated on 1.8 acres with 240 feet of frontage on Fulton Avenue.
The property is described as being in the Vassar College area, with proximity to Vassar College and major routes including US Route 44/55. It is also listed as about 6 minutes from the Mid-Hudson Bridge, 13 minutes from the Taconic State Parkway, and 27 minutes from Interstate 84.
The offering presents two on-site buildings positioned along a long stretch of Fulton Avenue frontage, providing a straightforward layout for separate uses within the same property footprint.
The property is described as being in the Vassar College area, with proximity to Vassar College and major routes including US Route 44/55. It is also listed as about 6 minutes from the Mid-Hudson Bridge, 13 minutes from the Taconic State Parkway, and 27 minutes from Interstate 84.
The offering presents two on-site buildings positioned along a long stretch of Fulton Avenue frontage, providing a straightforward layout for separate uses within the same property footprint.
Key Highlights
- Commercial income property with a main building plus a separate building at 110 Fulton Avenue, Poughkeepsie, NY 12603
- 5,118 SF building with 240' of frontage on Fulton Avenue
- Set on 1.8 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,758,520
$1.8M
Cap Rate 7%
$1,256,086
$1.3M
Cap Rate 9%
$976,956
$977.0K
Market Conditions
NOI Build-Up for 5,118 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$168.3K $32.88/SF
− Vacancy
−$8.4K −$1.64/SF
EGI
$159.9K $31.24/SF
− OpEx
−$71.9K −$14.06/SF
NOI
$87.9K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,758,520
Cap Rate 7%
$1,256,086
Cap Rate 9%
$976,956
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,926 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,843 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 12603, NY
41,470
Population
17,468
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
31.9 sq mi
ZIP Area
1,300
Density / Sq Mi
$104,185
Median Household Income
$54,254
Median Earnings
$1,626
Median Rent
$342,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Income property featuring a main building plus a separate building, with 240 feet of frontage on Fulton Avenue.
Where is this residential income property located?
The property is located at 110 Fulton Ave Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Commercial income property with a main building plus a separate building at 110 Fulton Avenue, Poughkeepsie, NY 12603; 5,118 SF building with 240' of frontage on Fulton Avenue; Set on 1.8 acres
