40 Garden StPoughkeepsie, NY 12601

Property Details for 40 Garden St

Year built

1978

Lot size

0.68 AC

Property size (Sq ft)

24,960 SF

Zone code

C-2

Property type

Office buildings

APN

131300 6162-69-084135-0000

APU

9223372036854775807

Description

This exceptional Class A office building, located at 40 Garden Street in Poughkeepsie, Dutchess County, New York, offers a prime opportunity for businesses seeking prestigious space in a thriving commercial district. The five-story building totals 30,000 square feet, with a variety of suite sizes available. Currently, 9,877 square feet of space is vacant, offering flexibility for businesses of various sizes. Units range from a minimum of 1,403 square feet to a maximum contiguous space of 6,500 square feet, accommodating both small and large tenants. The building features convenient amenities including an elevator, secure building entry, and reserved employee parking. Its strategic location provides direct access to the municipal parking garage and prominent street signage on Route 55/44 ensures high visibility. The building's tenant mix currently includes a variety of professional firms, including attorneys, engineers, and architectural firms, creating a sophisticated and collaborative environment. This is an ideal location for businesses seeking a prestigious address in a vibrant and well-established commercial area of Poughkeepsie, NY, zip code 12601. The property is categorized as both Traditional and Executive Office space, offering a range of options to suit diverse business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $4,554,868

  6.5%

  $4,204,494

  7%

  $3,904,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,265,695

  Geo Method

  $3,261,274

• Alternative Use

  Use

  Valuation

  Residential

  $5,213,572

  Hospitality

  $4,775,604

  Educational

  $3,973,246

  Medical

  $4,109,892

  Retail

  $6,180,606

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.7048

Longitude

-73.927

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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