Five-Story Live-Work
For Sale
$4,200,000
70 E Main Street, Wappingers Falls, NY 12590
A renovated, multi-level layout brings residential rooms together with multiple office areas.
Property Size9,052 SF
Price / SF$463.99
Days on Market18
Property Features for 70 E Main Street
General Information
Standard status
Active
Size
9,052 SF
Class
B
Total Parking Spaces
10
Property subtype
Commercial
Zoning
R7.5
Taxes and HOA fees
Annual Taxes
$23,121
Building Details
Building Size
9,052 SF
Year Built
1860
Buildings
1
Stories
5
Abandoned
No
Listing Agency:
Tactical Realty LLC
(845) 218-5000
Listed By:
Michael J. Rostanzo · License #10401328964
(845) 527-5937
Source:
Croninreale
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Tactical Realty LLC
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Investment Insights
Based on property information with market context.
At 70 E Main Street, this 9,052-square-foot live-work property dates to 1860 and spans five stories. The layout includes six bedrooms, three bathrooms, and multiple office spaces. Interior details include a central staircase, arched passages, narrow-plank white oak flooring, and decorative lighting. The property has R7.5 zoning.
The building is in Wappingers Falls, near restaurants, cafes, shops, and parks. Route 9 is nearby, and Metro-North service is approximately three miles away. Stewart International Airport is also within reach.
The building is in Wappingers Falls, near restaurants, cafes, shops, and parks. Route 9 is nearby, and Metro-North service is approximately three miles away. Stewart International Airport is also within reach.
Key Highlights
- 9,052‑square‑foot live‑work property
- Five stories with six bedrooms and three bathrooms
- Multiple office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,883
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,897,660
$2.9M
Cap Rate 7%
$2,069,757
$2.1M
Cap Rate 9%
$1,609,811
$1.6M
Market Conditions
NOI Build-Up for 9,052 SF
Gross rent
$247.7K $27.36/SF
− Vacancy
−$54.5K −$6.02/SF
EGI
$193.2K $21.34/SF
− OpEx
−$48.3K −$5.34/SF
NOI
$144.9K $16.01/SF
Area
Dutchess County, NY
Vacancy
22.00%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,897,660
Cap Rate 7%
$2,069,757
Cap Rate 9%
$1,609,811
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,883 @ 7.0% cap · market cap 3.45%
Second Best
Mixed Use
$1.57M
$1.37M – $1.83M
NOI $109,982 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,737 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
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Business Placement
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - A renovated, multi-level layout brings residential rooms together with multiple office areas.
Where is this live-work space located?
The property is located at 70 E Main Street Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 9,052‑square‑foot live‑work property; Five stories with six bedrooms and three bathrooms; Multiple office spaces
