Flex Space Building with Central
For Sale
$1,400,000
188 Cottage Street, Poughkeepsie, NY 12601
COMMERCIAL - Poughkeepsie, NY
Property Size12,832 SF
Lot Size0.94 Acres
Price / SF$109.10
Days on Market50
Property Features for 188 Cottage Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Poughkeepsie City
Middle school district
Poughkeepsie City
High school district
Poughkeepsie City
Standard status
Active
APN
131300-6162-72-450202-0000
Lot size
0.94 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
24876
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Number of units
8
Building materials
Block, Brick
Listing Agency:
KW MidHudson · Keller Williams Realty
(914) 962-0007
Listed By:
Don Minichino · License #10401333542
(845) 242-4381
Added: Jun 16
Changed: Aug 4
Last Checked: Aug 4 at 10:06PM
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.
Investment Insights
Based on property information with market context.
188 Cottage Street in Poughkeepsie is a C-3 zoned flex space building designed for office, light industrial, storage, or other income-producing conversions. The property includes about 12,832 SF in a block and brick structure with electric heating and central air. It sits on nearly 0.94 acres of land and offers approximately 141 ft of frontage, supporting convenient delivery access and outdoor operations.
The site includes public water and public sewer service. Current configuration is described as 100% occupied, with a stated strong rental history and tenant mix.
The layout and zoning are positioned to allow reconfiguration or optimization of use based on tenant and operational needs.
The site includes public water and public sewer service. Current configuration is described as 100% occupied, with a stated strong rental history and tenant mix.
The layout and zoning are positioned to allow reconfiguration or optimization of use based on tenant and operational needs.
Key Highlights
- Stated 9%+ cap rate with 100% occupancy and a strong rental history
- Approximately 12,832 SF flex space building
- Nearly 0.94 acres with about 141 ft of frontage for access and outdoor operations
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.6k | $9.48 |
| − Vacancy | −$8.3k | −$0.64 |
| EGI | $113.4k | $8.84 |
| − OpEx | −$17.0k | −$1.33 |
| NOI | $96.4k | $7.51 |
12,832 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$3.01M
$2.63M – $3.51M
NOI $210,639 @ 7.0% cap · market cap 15.05%
Second Best
Office B
$2.93M
$2.57M – $3.42M
NOI $205,384 @ 7.0% cap · market cap 14.67%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - C-3 zoned flex space building with central air, public water, and public sewer services.
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: Stated 9%+ cap rate with 100% occupancy and a strong rental history; Approximately 12,832 SF flex space building; Nearly 0.94 acres with about 141 ft of frontage for access and outdoor operations
