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    Two Bedroom Condo River Views Title is generated by Realmo AI

    68 Gerald Drive F2, Poughkeepsie, NY 12601

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    For Sale
    $321,000

    Two bedroom condo with Hudson River views and updates.

    Type:Condo/Townhome
    Property size:
    992 SF
    Price / SF:
    $323/SF
    Added:
    Oct 18, 2024
    Days on Market:
    626
    Last Refresh:
    May 20 at 2:12 am

    Property Features for 68 Gerald Drive F2

    General Information

    Standard status
    Active
    Size
    992 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1989

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    Robert Runcie

    Listing office Houlihan Lawrence Inc.

    Listing date Oct 18, 2024

    Source Exitrealty

    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 Houlihan Lawrence Inc.

    HighLights

    • Breathtaking Hudson River views from every window.
    • Easy commute to NYC via walking distance to Metro North.
    • Updated kitchen with stainless steel appliances and granite countertops.
    • Large bedroom with walk‑in closet.
    • HOA includes heat, hot water, and maintenance.
    • Close to parks, shopping, Walkway over the Hudson, hospitals, restaurants, Vassar, Marist and the Culinary.

    Overview

    This 992 square foot condo features two bedrooms and breathtaking Hudson River views. Updates throughout include a large living room with bamboo flooring and a wood burning fireplace. The updated kitchen features stainless steel appliances, granite countertops, and a ceramic double sink. Windows have bamboo shutters with a view of the river from every window. The property is located close to parks and shopping, with an easy commute to NYC via Metro North and the Walkway over the Hudson. It is also located minutes from the Taconic Parkway, I-84, hospitals, restaurants, the waterfront, Vassar, Marist, and the Culinary. The HOA includes heat, hot water, and maintenance.

    Local Financial Insights For Apartment 5plus

    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 $32.6k $32.88
    − Vacancy −$1.6k −$1.64
    EGI $31.0k $31.24
    − OpEx −$13.9k −$14.06
    NOI $17.0k $17.18
    992 SF · lease $32.88/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $243.5K
    $213.0K – $284.0K (±1% cap)
    NOI $17,042 @ 7.0% cap · market cap 5.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $298.6K
    $261.3K – $348.4K (±1% cap)
    NOI $20,903 @ 7.0% cap · market cap 6.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverview Condos Condominium Complex Tubbys Bathroom Resurfacing Renovation Specialist

    Suggested Use

    Gym & Fitness Center Real Estate Agency Wine and Liquor Store Acupuncture Shopping Center & Mall Kitchen & Bath Showroom Pharmacy Veterinary Clinic Furniture & Home Goods Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9404096
    Latitude
    41.7019397

    FAQs

    What type of property is this?
    Residential income property - Two bedroom condo with Hudson River views and updates.
    Where is this residential income property located?
    The property is located at 68 Gerald Drive F2 Poughkeepsie, NY.
    What is the asking price?
    The asking price for this property is $321,000.
    What are key features of this property?
    This property features: Breathtaking Hudson River views from every window.; Easy commute to NYC via walking distance to Metro North.; Updated kitchen with stainless steel appliances and granite countertops.
    More about this property
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