1 Cottage St, Unit Poughkeepsie Poughkeepsie, NY 12601

This property in the City of Poughkeepsie presents an opportunity to convert from commercial to residential use in a quiet neighborhood, addressing the area's high demand for new housing. Recently zoned for a four-family residence (RNC zoning designation), the existing building's structure allows for the addition of a second floor, potentially accommodating more than four apartments or two-floored units. The conversion is presented as a more cost-effective and quicker alternative to new construction or the gutting and repair of older buildings. A standard site-plan review is required by the City. The building is described as being in excellent condition, ready for an architect or engineer to design the floor plan for four units. Off-street parking is available. The location is close to city amenities, shopping, transportation options including Route 9, a bridge, and the Hudson Line train. The property can also be used for a day-care facility. Upon completion of the new units, the property is expected to generate top rents.