loft conversion · 2019. 1. 11. · loft conversion 375 & 379 main street, poughkeepsie, ny...

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For more information: Thomas M. Cervone 845.485.3100 [email protected] ALL DATA BELIEVED TO BE ACCURATE BUT NOT WARRANTED CR Properties Group, LLC 295 Main Street Poughkeepsie, NY 12601 www.crproperties.com ADDRESS: 375 & 379 Main Street Poughkeepsie, NY 12601 LOCATION: Poughkeepsie Metro-North Hudson Line & Amtrak to: Grand Central - Less than 2 Hours Penn Station - Less than 1.5 Hours TYPE: Loft Conversion / Office / Retail PARKING: Municipal Parking BUILDING SIZE: 375 Main - 44,708 ± SF 379 Main - 8,400 ± SF Total: 53,108 ± SF PORTFOLIO SALE: Possible assemblage of additional area acquisitions of 200,000 ± SF ASKING PRICE: $2,275,000 CR Properties is pleased to offer for sale a development project in the City of Poughkeepsie located at the northeast corner of Crannell and Main Street, suitable for loft conversion, office, or retail opportunities. Area colleges and institutions include; Vassar, Marist, Bard, Dutchess Community and The Culinary Institute of America. The surrounding area is serviced by the Poughkeepsie Train Station offering transportation for the Hudson Line to Grand Central Terminal, serving MTA and Amtrak to Penn Station. The offering is adjacent to The Legendary Chance Theater Entertainment Complex and is in close proximity to DC Sports, The Bardavon, Mid-Hudson Civic Center and Walkway Over the Hudson. Major medical centers include Vassar Brothers and MidHudson Regional Hospital of Westchester. PROPERTY OVERVIEW: DEVELOPMENT PROJECT - OPPORTUNITY ZONE - CENSUS TRACT 2211 LOFT CONVERSION 375 & 379 MAIN STREET, POUGHKEEPSIE, NY 12601

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Page 1: LOFT CONVERSION · 2019. 1. 11. · LOFT CONVERSION 375 & 379 MAIN STREET, POUGHKEEPSIE, NY 12601. For more information: Thomas M. Cervone 845.485.3100 ALL DATA BELIEVED TO BE ACCURATE

For more information:

Thomas M. Cervone845.485.3100

[email protected] DATA BELIEVED TO BE ACCURATE BUT NOT WARRANTED

CR Properties Group, LLC295 Main StreetPoughkeepsie, NY 12601www.crproperties.com

ADDRESS: 375 & 379 Main Street

Poughkeepsie, NY 12601

LOCATION: Poughkeepsie Metro-North

Hudson Line & Amtrak to:

Grand Central - Less than 2 Hours

Penn Station - Less than 1.5 Hours

TYPE: Loft Conversion / Office / Retail

PARKING: Municipal Parking

BUILDING SIZE: 375 Main - 44,708 ± SF

379 Main - 8,400 ± SF

Total: 53,108 ± SF

PORTFOLIO SALE: Possible assemblage of additional

area acquisitions of 200,000 ± SF

ASKING PRICE: $2,275,000

CR Properties is pleased to offer for sale a development project in the City ofPoughkeepsie located at the northeast corner of Crannell and Main Street,suitable for loft conversion, office, or retail opportunities. Area colleges andinstitutions include; Vassar, Marist, Bard, Dutchess Community and The CulinaryInstitute of America. The surrounding area is serviced by the Poughkeepsie TrainStation offering transportation for the Hudson Line to Grand Central Terminal,serving MTA and Amtrak to Penn Station. The offering is adjacent to TheLegendary Chance Theater Entertainment Complex and is in close proximity toDC Sports, The Bardavon, Mid-Hudson Civic Center and Walkway Over theHudson. Major medical centers include Vassar Brothers and MidHudsonRegional Hospital of Westchester.

PROPERTY OVERVIEW:

DEVELOPMENT PROJECT - OPPORTUNITY ZONE - CENSUS TRACT 2211

LOFT CONVERSION375 & 379 MAIN STREET, POUGHKEEPSIE, NY 12601

Page 2: LOFT CONVERSION · 2019. 1. 11. · LOFT CONVERSION 375 & 379 MAIN STREET, POUGHKEEPSIE, NY 12601. For more information: Thomas M. Cervone 845.485.3100 ALL DATA BELIEVED TO BE ACCURATE

For more information:

Thomas M. Cervone845.485.3100

[email protected] DATA BELIEVED TO BE ACCURATE BUT NOT WARRANTED

CR Properties Group, LLC295 Main StreetPoughkeepsie, NY 12601www.crproperties.com

375 Main Street 379 Main Street

Parcel ID's 160058 & 163057

AMPLE WINDOWS FOR RESIDENTIAL DEVELOPMENT - MUNICIPAL PARKING CONTIGUOUS

REVOLVING DOOR ENTRANCEELEVATOR SHAFT - FULLY SPRINKLERED - NATURAL GAS

Page 3: LOFT CONVERSION · 2019. 1. 11. · LOFT CONVERSION 375 & 379 MAIN STREET, POUGHKEEPSIE, NY 12601. For more information: Thomas M. Cervone 845.485.3100 ALL DATA BELIEVED TO BE ACCURATE

For more information:

Thomas M. Cervone845.485.3100

[email protected] DATA BELIEVED TO BE ACCURATE BUT NOT WARRANTED

CR Properties Group, LLC295 Main StreetPoughkeepsie, NY 12601www.crproperties.com

POUGHKEEPSIE TRAIN STATION AREA

MAIN AT CRANNEL - NEC CORNERBRICK PEDESTRIAN WALKWAY

Page 4: LOFT CONVERSION · 2019. 1. 11. · LOFT CONVERSION 375 & 379 MAIN STREET, POUGHKEEPSIE, NY 12601. For more information: Thomas M. Cervone 845.485.3100 ALL DATA BELIEVED TO BE ACCURATE

For more information:

Thomas M. Cervone845.485.3100

[email protected] DATA BELIEVED TO BE ACCURATE BUT NOT WARRANTED

CR Properties Group, LLC295 Main StreetPoughkeepsie, NY 12601www.crproperties.com

POPULATION 3 MILES 5 MILES 7 MILES

Total population 73,407 114,715 153,025

Median age 33.6 35.4 36.9

Median age (male) 32.3 34.0 35.5

Median age (Female) 34.3 36.1 37.6

HOUSEHOLDS & INCOME 3 MILES 5 MILES 7 MILES

Total households 27,664 42,478 56,758

# of persons per HH 2.7 2.7 2.7

Average HH income $60,471 $69,281 $73,898

Average house value $257,287 $276,919 $294,783

* Demographic data derived from 2010 US Census

METRO NORTH HUDSON LINE - AMTRAK TO PENN STATION

MARIST, VASSAR & CULINARY INSTITUTEVASSAR MEDICAL CENTER & MIDHUDSON REGIONAL HOSPITAL