302-304 Main Street, Poughkeepsie, NY, 12601 | $1,500,000

**Property Overview: Mixed-Use Building in Poughkeepsie**

**Location**: Heart of Poughkeepsie, Business District

**Total Size**: Approximately 15, 000 sq. ft.

**Building Features**:
- **5 Levels of Rental Space**: Offering a diverse mix of commercial and residential units.
- **Main Street Entrance**: Convenient access for businesses and customers.
- **Rear Exit**: Leads to shared public parking, enhancing accessibility.

**Parking**: Public parking lot shared with local bars, restaurants, office spaces, and the Bardavon Theater, situated near the Civic Center and a hotel.

**Commercial Units**:
1. **Bar/Cafe/Restaurant**: 5, 000 sq. ft. split across two levels (2, 500 sq. ft. each).
2. **Office/Shop**: 400 sq. ft.

**Residential Units**:
- 3 separate units consisting of:
- Studio
- 1-Bedroom Apartment
- 3-Bedroom Apartment

**Additional Information**:
- The restaurant unit is currently listed for rent.
- All residential units are occupied. Advance notice is required for tenant showings (48 hours).
- Interested buyers are required to provide proof of funds to schedule a tour of the property.
- Appointments must be arranged through ShowingTime.

**Contact Details**: Please call for more information or to schedule a visit.

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This property represents a unique opportunity for investors seeking a mixed-use building in a lively urban area with strong foot traffic and nearby amenities.

Features

  • Property Type: Multi Family
  • Utilities: Electricity Available
  • Parking: On Street, Public Parking
  • Heating: Baseboard, Hot Water, Natural Gas
  • Cooling: Central Air, None
  • Units: 5
  • Acreage: 0.08
  • Lot Desc: Level
  • School District: Poughkeepsie
  • Appliances: Dryer, Electric Water Heater, Refrigerator, Washer
  • MLS#: H6288803
  • Days on Market: 223 days
  • Website: https://www.raveis.com
    /prop/H6288803/302304mainstreet_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 RE/MAX Town & Country   Phone: 845-765-6128

William Raveis Family of Services

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

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@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

302-304 Main Street, Poughkeepsie, NY, 12601

$1,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,200,000 $1,200,000 $1,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,003 $7,585 $10,126
Total Monthly Payment $7,128 $7,710 $10,251

* 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.