Building Details

Building Size 14,472 SF

Year Built 1930

Buildings 1

Stories 3

Tenancy Single

Owner Occupied Yes

Listing Agency: KW MidHudson k***@kw.com Show Phone

Listed By: Stefania Riccitelli · License #10401388810 Show Phone

Source: Gillianstewart

Added: Dec 26, 2025 Changed: Oct 23 Last Checked: Oct 23 at 2:34PM

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Investment Insights

Based on property information with market context.

This 14,472-square-foot flex property has three stories, an elevator, a ground-floor warehouse, and two upper levels of office space. Built in 1930 and overhauled in the early 2000s, the building includes keypad entry and key-fob access. MU-3 zoning applies, and the property is expected to be vacant within 30–60 days of sale.

The site is minutes from US-9, US-44, US-55, and the Mid-Hudson Bridge. Its layout keeps warehouse functions on the ground floor and office operations on the two floors above.

Key Highlights

• 14,472‑square‑foot building with three stories and elevator
• Ground‑floor warehouse with two upper floors of office space
• MU‑3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,686

Cap Rate

5.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,173,720 $2.2M

Cap Rate 7%

$1,552,657 $1.6M

Cap Rate 9%

$1,207,622 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,472 SF

Gross rent

$137.2K $9.48/SF

− Vacancy

−$9.3K −$0.64/SF

EGI

$127.9K $8.84/SF

− OpEx

−$19.2K −$1.33/SF

NOI

$108.7K $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%

$2,173,720

Cap Rate 7%

$1,552,657

Cap Rate 9%

$1,207,622

Alternative Uses

Best Use

Flex RnD

$3.39M

$2.97M – $3.96M (±1% cap)

NOI $237,559 @ 7.0% cap · market cap 12.50%

Second Best

Office B

$3.31M

$2.90M – $3.86M (±1% cap)

NOI $231,633 @ 7.0% cap · market cap 12.19%

Theoretical Best

Office A

$4.36M

$3.81M – $5.08M (±1% cap)

NOI $304,943 @ 7.0% cap · market cap 16.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

LRH Corporate Office LCS Facility Group (Bike/Boat/Book/etc) Store NY Sod Pro Landscaping Think Social First Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Computer & Electronic Repair Skin Care Clinic Acupuncture Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,833

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A three-story elevator property combines office space with a ground-level warehouse under MU-3 zoning.

Where is this flex space located?

The property is located at 36 Cottage Street Poughkeepsie, NY.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: 14,472‑square‑foot building with three stories and elevator; Ground‑floor warehouse with two upper floors of office space; MU‑3 zoning