Mediterranean-Style Former Mansion For
For Sale
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260 Boardman Rd, Poughkeepsie, NY
24,510 SF Mediterranean-style former mansion with versatile zoning.
Property Size24,510 SF
Lot Size32.56 Acres
Price / SF$377.40
Days on Market355
Property Features for 260 Boardman Rd
General Information
Standard status
Active
Size
24,510 SF
Lot size
32.56 Acres
Property subtype
OFFICE
Listing Agency:
CR Properties Group, LLC
(845) 485-3100
Listed By:
Tom Cervone · License #10401263453
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:27AM
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 CR Properties Group, LLC
Investment Insights
Based on property information with market context.
The Kenyon House is a 24,510 square foot, Mediterranean-style former mansion. The three-story building with a walkout basement is located adjacent to athletic fields and green spaces. The building is primarily used by upperclassmen and administrative staff. It features standard and specialty classrooms, a library, and administrative offices. The property is fully air-conditioned and equipped with a wet sprinkler system and an elevator. Onsite asphalt parking is available, along with potential use of recreational fields and a playground. The property is serviced by municipal water and sewer. Several renovations have been completed, with the latest in 2013 involving an upgrade to the music room. Permitting zoning allows for various uses, including education, training centers, hospitals, clinics, laboratories, medical facilities, libraries, and offices and schools.
Key Highlights
- Large 24,510 sq ft Mediterranean‑style building.
- Permitting allows for diverse uses: education, medical, offices, etc.
- Fully air‑conditioned with elevator and wet sprinkler system.
Financial Insights For Office B
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 | $670.6k | $27.36 |
| − Vacancy | −$147.5k | −$6.02 |
| EGI | $523.1k | $21.34 |
| − OpEx | −$130.8k | −$5.34 |
| NOI | $392.3k | $16.01 |
24,510 SF · lease $27.36/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.60M
$4.90M – $6.54M
NOI $392,297 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.38M
$6.46M – $8.61M
NOI $516,456 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - 24,510 SF Mediterranean-style former mansion with versatile zoning.
Where is this school located?
The property is located at 260 Boardman Rd Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: Large 24,510 sq ft Mediterranean‑style building.; Permitting allows for diverse uses: education, medical, offices, etc.; Fully air‑conditioned with elevator and wet sprinkler system.
