Flex Space with C-3
188 Cottage Street, Poughkeepsie, NY 12601
For Sale
$1,400,000
Commercial Sale, Poughkeepsie, NY
Property Size12,832 SF
Lot Size0.94 Acres
Price / SF$109.10
Days on Market148
Property Features for 188 Cottage Street
General Information
Property type
Property subtype
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Number of units
Building materials
Buildings
Listing Agency:
KW MidHudson · Keller Williams Realty
(914) 962-0007
Listed By:
Don Minichino · License NY #10401333542
(845) 242-4381
Added: Jun 16
Changed: Nov 6
Last Checked: Nov 10 at 10:06AM
MLS# 1014443
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex-space property at 188 Cottage Street includes a block-and-brick building on 0.94 acres in Poughkeepsie's C-3 commercial and industrial zone. The space supports office, light industrial, storage, or reconfiguration for other income-producing uses, subject to applicable requirements. The property is currently 100% occupied and includes approximately 141 feet of frontage.
Building systems include central air conditioning and electric heat, with public water and public sewer serving the site. The lot provides space for deliveries, employee parking, and outdoor operations. A 9%+ cap rate and established rental history are also identified in the property information.
Building systems include central air conditioning and electric heat, with public water and public sewer serving the site. The lot provides space for deliveries, employee parking, and outdoor operations. A 9%+ cap rate and established rental history are also identified in the property information.
Key Highlights
- Flex‑space building in Poughkeepsie's C‑3 commercial and industrial zone
- 0.94‑acre site with approximately 141 ft of frontage
- Currently 100% occupied with established rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,369
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,380
$1.9M
Cap Rate 7%
$1,376,700
$1.4M
Cap Rate 9%
$1,070,767
$1.1M
Market Conditions
NOI Build-Up for 12,832 SF
Gross rent
$121.6K $9.48/SF
− Vacancy
−$8.3K −$0.64/SF
EGI
$113.4K $8.84/SF
− OpEx
−$17.0K −$1.33/SF
NOI
$96.4K $7.51/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,380
Cap Rate 7%
$1,376,700
Cap Rate 9%
$1,070,767
Alternative Uses
Best Use
Flex RnD
$3.01M
$2.63M – $3.51M
NOI $210,639 @ 7.0% cap · market cap 15.05%
Second Best
Warehouse
$1.38M
$1.20M – $1.61M
NOI $96,369 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,386 @ 7.0% cap · market cap 19.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Dutchess County, NY
Properties on Market for Flex space in Dutchess County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Catering Co at the Palladium — 258 Church St, Poughkeepsie, NY 12601
- Asia City Smoothie Acai juice bar — 311 Main St, Poughkeepsie, NY 12601
Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied commercial building with public water, public sewer, central air, and electric heat.
Where is this flex space located?
The property is located at 188 Cottage Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Flex‑space building in Poughkeepsie's C‑3 commercial and industrial zone; 0.94‑acre site with approximately 141 ft of frontage; Currently 100% occupied with established rental history
