48 Academy Street, Poughkeepsie (Poughkeepsie City), NY, 12601 | $475,000

This Historic brick building is located in a prime location in the City of Poughkeepsie, also known as the "Queen City" on the Hudson. With its high visibility and traffic count, this C-2 zoned building offers a multitude of opportunities for potential buyers. The building itself boasts a stunning combination of original restored woodwork, beautiful hardwood floors, massive pocket doors, high ceilings, and detailed finishes throughout. Every corner of this property exudes charm and character. Situated on the corner of Academy and Church Street (arterial), this building provides ample off-street parking, a highly desirable feature in the area. Its location in the Creative district further adds to its appeal, as it encourages a variety of uses such as lite industrial maker spaces, office spaces, and live-work arrangements. The C-2 zoning offers a wide variety of uses. The building has undergone many substantial updates. It features two heating systems, one for the upper floor and one for the lower floor, ensuring optimal comfort throughout. The full walk-up attic is fully insulated for energy efficiency, providing additional storage space. Other updates include the electric system, roof, re-pointed brick exterior, paved lot, and a spacious dry basement for storage purposes. One of the major advantages of this building is its proximity to various amenities. It is conveniently located near the Poughkeepsie train station, the Poughkeepsie business district, the Poughkeepsie waterfront, the Mid-Hudson Bridge, and The Walkway over the Hudson. Additionally, it is surrounded by a vibrant community with breweries, coffee shops, nightlife venues, and culinary-inspired restaurants. Close to colleges and major commuter routes. With its prime location, historic charm, and numerous updates, this building offers a rare opportunity for buyers to own a piece of Poughkeepsie's rich history. Don't miss out on this incredible investment and to be a part of the vibrant community in the Queen City!

Features

  • Town: Poughkeepsie
  • Property Type: Office
  • Current Use: Commercial, Mixed Use, Office, Other, Residential, Retail
  • Construction: Block, Brick, Frame
  • Heating: Natural Gas, Hot Water
  • Cooling: Central Air
  • Zoning: C-2
  • Year Built: 1896
  • School District: Poughkeepsie
  • MLS#: H6315816
  • Days on Market: 96 days
  • Website: https://www.raveis.com
    /prop/H6315816/48academystreet_poughkeepsie_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Houlihan Lawrence Inc.   Phone: 845-473-9770

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

48 Academy Street, Poughkeepsie (Poughkeepsie City), NY, 12601

$475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $380,000 $380,000 $380,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,528 $2,526 $3,205
Total Monthly Payment $2,603 $2,601 $3,280

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.