15 Cherry St Poughkeepsie, NY 12601-3411
Property profile & analytics
15 Cherry St, Poughkeepsie, NY 12601-3411
- Warehouses
- 44,088 SF
- 0.90 lot acres
Property ID
US63-2816403
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 15 Cherry St
- Year built
- 1957
- Lot size
- 0.90 lot acres
- Zone code
- C-3
- Property type
- Warehouses
- APN
- 131300 6162-79-344012-0000
- APU
- 9223372036854775807
Description
This exceptional adaptive reuse opportunity presents a fully approved 42-unit apartment building in the heart of Poughkeepsie's central business district, conveniently located off US 44/55. The former cigar factory, a three-story structure with a cellar, offers nearly 40,000 square feet of space. Plans are complete for 36 one-bedroom and 6 two-bedroom units, incorporating off-street parking, amenities, and storage. All essential utilities are readily available on-site, including three-phase electric, natural gas, municipal water and sewer, and data connectivity. The 0.9-acre lot is zoned C-3 Storage/Warehouse with an apartment special permit. Detailed engineering and architectural plans are accessible upon request. Projected annual rental income is $849,600, based on estimated monthly rents of $1600 for one-bedroom and $2200 for two-bedroom units. This represents a compelling investment opportunity with a strong projected return, capitalizing on the growing demand for housing in a vibrant downtown location. The property's rich history and unique character combine with modern functionality to create a truly distinctive investment. The asking price is $1,995,000, or $47,500 per unit, and the price per square foot is $49.90. The property includes a 3-story building with a cellar, and the lot size is 0.9 acres. The Dutchess County location offers easy access to major transportation routes. This is a rare chance to acquire a fully permitted and ready-to-develop multifamily property in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,360,000
- ML approach
- $1,260,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,082,000
Market price range: $1.08M - $3.50M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.9175
- Latitude
- 41.7014
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$0.00
$111,700
$166,500
$278,200
-
$111,700
$166,500
$278,200
