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Property profile & analytics
FOR SALE
Banks
347 Main St, Poughkeepsie, NY 12601
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1586079
For Sale
1 / 8
$4,400,000
347 Main St, Poughkeepsie, NY 12601
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1952
Total area
29,290 SF
Lot
1.17 ac (50,965 SF)
Zoning code
C-2
APN
131300 6162-78-146072-0000
UPID
US63-1586079
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mid Hudson Family Health Institute Social Service Agency Charitable Organization
-
WellCare Health Plans Insurance Agency
-
Leafy Honeoye, NY Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.03M
Owner & transaction history
347 Main LLC · 3 yrs held
347 Main LLC
since 2022
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
C-2 · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+0.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Poughkeepsie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poughkeepsie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,750,000
ML approach
$3,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,675,000
Current use
AUTO REPAIR, GARAGE
$2,680,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±10% · vs last sale $4.40M (Oct 20 2022)
Last sale anchor
$4.40M
Oct 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$4,400,000
Assessed 2023
Previous assessed
$3,250,000
+35.4% YoY
Assessed land
$151,000
Assessed improvement
$4,249,000
Land market value
$151,000
Improvement market value
$4,249,000
Total market value
$4,400,000
Applied tax rate
131,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1952
Heating
NONE
Stories
2
Total area
29,290 SF
Lot
1.17 ac (50,965 SF)
Zoning code
C-2
APN
131300 6162-78-146072-0000
UPID
US63-1586079
Jurisdiction
DUTCHESS
Zoning & alternative use
C-2 · Poughkeepsie, NY
Zoning C-2 · permitted uses
C-2 · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poughkeepsie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
347 Main LLC
Entity
Free & Clear · 3 yrs held
Mailing address
46 MAIN ST STE #136, MONSEY, NY 10952-3056
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
$4,400,000
347 Main LLC
347 Main Mall LLC
Deed
—
—
—
347 Main Mall LLC
—
Loan Modification
related
$3,230,000 · Rhinebeck Bank
—
—
347 Main Mall LLC
—
Deed Of Trust
related
$407,406 · Rhinebeck Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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