Apartment Building with In-Unit
For Sale
$1,600,000
54-58 Smith Street #54, Poughkeepsie, NY 12601
The occupied property includes upgraded apartment interiors and fire-safety systems.
Property Size5,318 SF
Price / SF$300.86
Days on Market40
Property Features for 54-58 Smith Street #54
General Information
Standard status
Active
Size
5,318 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
R-4
Occupancy
100%
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$31,676
Amenities
in-unit washer and dryers
ductless heating and cooling systems
video intercom entry pads
Building Details
Building Size
5,318 SF
Year Built
1919
Buildings
1
Units
8
Listing Agency:
BHHS Hudson Valley Properties
(845) 473-1650
Listed By:
Michelle V. Ayala · License #KEY13743
(845) 518-9247
Source:
Croninreale
Added: Sep 15
Changed: Oct 24
Last Checked: Oct 23 at 4:36PM
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 BHHS Hudson Valley Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,318-square-foot apartment building, constructed in 1919, has been renovated and is fully occupied. Apartments include updated kitchens and bathrooms, new flooring, in-unit washers and dryers, ductless heating and cooling, and video intercom entry. Building safety features include a sprinkler system and a direct fire department connection. The property is zoned R-4.
A city bus route runs directly past the property, and Metro-North is a short distance away.
A city bus route runs directly past the property, and Metro-North is a short distance away.
Key Highlights
- 5,318‑square‑foot multifamily building, built in 1919
- Fully occupied; renovated apartments with updated kitchens, baths, and flooring
- In‑unit washers and dryers, ductless heating and cooling, and video intercom entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,362
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,827,240
$1.8M
Cap Rate 7%
$1,305,171
$1.3M
Cap Rate 9%
$1,015,133
$1.0M
Market Conditions
NOI Build-Up for 5,318 SF
Gross rent
$174.9K $32.88/SF
− Vacancy
−$8.7K −$1.64/SF
EGI
$166.1K $31.24/SF
− OpEx
−$74.8K −$14.06/SF
NOI
$91.4K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,827,240
Cap Rate 7%
$1,305,171
Cap Rate 9%
$1,015,133
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,362 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,057 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The occupied property includes upgraded apartment interiors and fire-safety systems.
Where is this multifamily property located?
The property is located at 54-58 Smith Street #54 Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,318‑square‑foot multifamily building, built in 1919; Fully occupied; renovated apartments with updated kitchens, baths, and flooring; In‑unit washers and dryers, ductless heating and cooling, and video intercom entry
