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1 Pine Street Spur
Poughkeepsie, NY 12601 Waterfront Poughkeepsie

$6,250,000 USD

Office For Sale  •  11,856 SF

Property Details

  • Property Type Office
  • Total Building Size 12,000 SF
  • Lot Size 1.7 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 6.27 %
  • Tenancy Single
  • Zoning R-D
50 Transit Score
60 Walk Score

Highlights

Leased To Nuvance Health / Northwell Health, An Investment-Grade Healthcare Credit Tenant (S&P Rating: A-
3% Annual Rent Escalations Provide A Built-In Hedge Against Inflation
Ideally Located Across From Vassar Brothers Medical Center, A 349-Bed Regional Hospital
Ample On-Site Parking With 65 Surface Spaces, Offering An Excellent 5.4/1,000 SF Parking Ratio
Tenant Has Successfully Operated At The Property For 15 Years, Reflecting Strong Site Performance And Long-Term Occupancy Stability

Property Flyers

Cap Rate: 6.27 %

Major Tenants

Tenant SF Occupied Lease End Date
Northwell Health

Public Transportation

Commuter RailDriveWalkDistance
New Hamburg Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 16 min - 8.8 mi
Transit/SubwayDriveWalkDistance
Poughkeepsie Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
New York Stewart International 37 min - 24.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Brian Kaplan 201-742-6133 Marcus & Millichap
Brian Kaplan 201-742-6133 Marcus & Millichap