Restored Mixed-Use Building For
For Sale
$775,000
328 Main St, Poughkeepsie, NY 12601
Four-story mixed-use building in Downtown Poughkeepsie, restored in 2010/2011.
Property Size1,900 SF
Price / SF$407.89
Days on Market98
Property Features for 328 Main St
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Investment
Building Details
Year Built
1835
Listing Agency:
KW MidHudson
(845) 242-4381
Listed By:
Don Minichino · License #10401333542
(845) 242-4381
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:16AM
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 KW MidHudson
Investment Insights
Based on property information with market context.
Located in Downtown Poughkeepsie, New York, 328 Main Street is a restored four-story mixed-use rowhouse. The building was rebuilt from top to bottom in 2010/2011, with the exterior facade restored to its original appearance. The interior features restored hardwood floors and modern amenities, including central heating and AC, a video security system, and kitchen appliances. The building includes an occupied 1,900 square foot ground-floor commercial space with basement access, as well as three occupied apartments. Each unit is inspected annually and updated as needed. The location has a bike score of 35, indicating it is somewhat bikeable, a walk score of 42, indicating car-dependent, and a transit score of 31, indicating some transit options. The building could be combined with the sister building at 330 Main Street as a discounted package.
Key Highlights
- Fully Restored in 2010/2011: Complete rebuild with facade restoration and modern amenities
- Mixed‑Use Property: Features both commercial space and residential apartments
- Income‑Generating: Includes an occupied commercial space and three occupied apartments
Financial Insights For Retail
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 | $36.3k | $19.08 |
| − Vacancy | −$1.5k | −$0.80 |
| EGI | $34.7k | $18.28 |
| − OpEx | −$10.4k | −$5.48 |
| NOI | $24.3k | $12.80 |
1,900 SF · lease $19.08/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$347.3K
$303.9K – $405.2K
NOI $24,311 @ 7.0% cap · market cap 3.14%
Second Best
Mixed Use
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$571.9K
$500.4K – $667.3K
NOI $40,035 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,497
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Hotels & Casinos 23%
Dining 12%
Electronics 3%
DoubleTree by Hilton Poughkeepsie
Hotels & Casinos
6,026 visits/mo
0.2 miles
Mobil
Shops & Services
5,651 visits/mo
0.3 miles
Valero Energy
Shops & Services
4,847 visits/mo
0.3 miles
El Azteca
Dining
2,994 visits/mo
0.5 miles
CARSTAR Stofa's Auto and Collision
Shops & Services
2,006 visits/mo
0.4 miles
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
Properties on Market for Mixed-use properties in Poughkeepsie
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use building in Downtown Poughkeepsie, restored in 2010/2011.
Where is this mixed-use property located?
The property is located at 328 Main St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully Restored in 2010/2011: Complete rebuild with facade restoration and modern amenities; Mixed‑Use Property: Features both commercial space and residential apartments; Income‑Generating: Includes an occupied commercial space and three occupied apartments
