Live-Work Building with
New
For Sale
$4,200,000
70 E Main Street, Wappingers Falls, NY 12590
A renovated interior combines residential rooms with several office areas in a distinctive village property.
Property Size9,052 SF
Price / SF$463.99
Days on Market2
Property Features for 70 E Main Street
General Information
Standard status
Active
Size
9,052 SF
Total Parking Spaces
10
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,121
Building Details
Year Built
1860
Buildings
1
Stories
5
Listing Agency:
Tactical Realty LLC
(516) 822-1222
Listed By:
Michael J. Rostanzo (michaelrostanzo@gmail.com)
Source:
Longislandhomeslist
Added: Oct 7
Last Checked: Oct 7 at 10:27AM
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 Tactical Realty LLC
Investment Insights
Based on property information with market context.
This five-story live-work property dates to 1860 and contains 9,052 square feet. Its six bedrooms, three bathrooms, and multiple office spaces offer a mix of residential and work areas. A turret, central staircase, arched passages, and original narrow-plank white oak floors contribute to the building’s architectural character. The interior has been renovated and includes custom lighting features and designer chandeliers.
At 70 E Main Street in Wappingers Falls, the property is walkable to local restaurants, cafes, shops, and parks. It is situated just off the Route 9 corridor, with Metro-North service approximately three miles away. The source also identifies Stewart International Airport and regional wineries, trails, historic sites, and cultural attractions as part of the surrounding context.
At 70 E Main Street in Wappingers Falls, the property is walkable to local restaurants, cafes, shops, and parks. It is situated just off the Route 9 corridor, with Metro-North service approximately three miles away. The source also identifies Stewart International Airport and regional wineries, trails, historic sites, and cultural attractions as part of the surrounding context.
Key Highlights
- 9,052‑square‑foot property built in 1860
- Five stories with a turret
- Six bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,883
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,897,660
$2.9M
Cap Rate 7%
$2,069,757
$2.1M
Cap Rate 9%
$1,609,811
$1.6M
Market Conditions
NOI Build-Up for 9,052 SF
Gross rent
$247.7K $27.36/SF
− Vacancy
−$54.5K −$6.02/SF
EGI
$193.2K $21.34/SF
− OpEx
−$48.3K −$5.34/SF
NOI
$144.9K $16.01/SF
Area
Dutchess County, NY
Vacancy
22.00%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,897,660
Cap Rate 7%
$2,069,757
Cap Rate 9%
$1,609,811
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,883 @ 7.0% cap · market cap 3.45%
Second Best
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,982 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,737 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Live-work space - A renovated interior combines residential rooms with several office areas in a distinctive village property.
Where is this live-work space located?
The property is located at 70 E Main Street Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 9,052‑square‑foot property built in 1860; Five stories with a turret; Six bedrooms and three bathrooms
