Renovated Office
For Sale
$550,000
149 S Grand Avenue, Poughkeepsie, NY 12603
A finished lower level adds flexible space for additional offices or file storage.
Property Size2,232 SF
Price / SF$246.42
Days on Market135
Property Features for 149 S Grand Avenue
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Condition
Turnkey
Property Use
Office
Taxes and HOA fees
Annual Taxes
$10,000
Building Details
Building Size
2,232 SF
Buildings
1
Listing Agency:
Gunrick Residential, Inc.
(718) 892-8888
Listed By:
Erik Hosch · License #10311200631
(646) 372-6663
Source:
Croninreale
Added: Jun 12
Changed: Oct 23
Last Checked: Oct 23 at 5:13PM
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 Gunrick Residential, Inc.
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Investment Insights
Based on property information with market context.
This 2,232-square-foot office building in Poughkeepsie offers more than five offices, two conference areas, and two bathrooms. A finished basement provides additional space for office use or storage. Central air serves the building, and ceiling height is 8 feet. The property was renovated within the last year, with updated windows, electrical, flooring, plumbing, and insulation, along with a new eat-in kitchen and bathrooms. Interior and exterior paint were also refreshed.
Zoned C-1, the property is at 149 S Grand Avenue, just off Hooker Avenue on Poughkeepsie’s south side. A private parking lot accommodates 12 or more cars.
Zoned C-1, the property is at 149 S Grand Avenue, just off Hooker Avenue on Poughkeepsie’s south side. A private parking lot accommodates 12 or more cars.
Key Highlights
- 2,232‑square‑foot office building
- More than 5 offices, 2 conference areas, and 2 bathrooms
- Finished basement for office use or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,724
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,480
$714.5K
Cap Rate 7%
$510,343
$510.3K
Cap Rate 9%
$396,933
$396.9K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$61.1K $27.36/SF
− Vacancy
−$13.4K −$6.02/SF
EGI
$47.6K $21.34/SF
− OpEx
−$11.9K −$5.34/SF
NOI
$35.7K $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%
$714,480
Cap Rate 7%
$510,343
Cap Rate 9%
$396,933
Alternative Uses
Best Use
Office B
$510.3K
$446.6K – $595.4K
NOI $35,724 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.9K
$587.9K – $783.9K
NOI $47,031 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A finished lower level adds flexible space for additional offices or file storage.
Where is this office building located?
The property is located at 149 S Grand Avenue Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,232‑square‑foot office building; More than 5 offices, 2 conference areas, and 2 bathrooms; Finished basement for office use or storage
