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About This Home

This 0-bedroom, 0-bathroom single family at 194 Church Street in Poughkeepsie, NY is listed for $1,900,000. on a 0.11 acres lot.

Agent Description

Prime Development Opportunity - 11 Parcel Assemblage in Poughkeepsie Innovation District Exceptional opportunity to acquire a rare 11-parcel assemblage totaling approximately 1.12 acres, strategically located at the intersection of Academy Street, Church Street, and Noxon Street in the heart of the City of Poughkeepsie.

Situated within the highly desirable PID-B (Poughkeepsie Innovation District) and MU-5 (Mixed-Use) zoning districts, this property offers outstanding flexibility for a wide range of development possibilities including multi-family residential, mixed-use, retail, office, hospitality, medical, student housing, and more.

Zoning allows for high-density development with significant upside potential. PID-B zoning permits up to 9 stories (120 ft) with affordable housing inclusion, while MU-5 allows up to 7 stories (94 ft), making this an ideal site for developers looking to capitalize on the continued growth and revitalization of downtown Poughkeepsie.

The property benefits from expansive street frontage and is not located within a historic district, simplifying the development process. Additional advantages include flexible parking options with the potential for Planning Board relief or fee-in-lieu programs, along with immediate proximity to a municipal parking lot offering approximately 210 spaces.

Conceptual development studies have already been completed, demonstrating the site's capacity for a range of residential unit configurations, further supporting its strong investment potential. Located in a prime urban infill area with strong rental demand and ongoing infrastructure investment through the City's Innovation District initiative, this property presents a unique opportunity for developers and investors to create a high-impact project in one of the Hudson Valley's fastest-growing markets.

Key Features

  • 0.11 acre lot

Monthly Cost Estimate

$10,162/mo

20% down · 6.5% · 30 years

Principal$1,374
Interest$8,233
Insurance$554

Estimates only. Actual payments may vary.

Location

194 Church Street

Poughkeepsie, NY 12601

Property Details

Construction

Brick

Parking

Parking Lot

Heating

BaseboardNatural Gas

Questions & Answers

This 0-bedroom, 0-bathroom single family at 194 Church Street is listed at $1,900,000. The estimated monthly payment is $8,233 based on 20% down at 6.5% interest.

Key features include: 0.11 acre lot.

This property is listed by Ginalea Healy and can be reached at 8452244272 or ginalea.healy@gmail.com.

GH

Ginalea Healy

Agent at K. Fortuna Realty, Inc.

(845) 224-4272

Listed by K. Fortuna Realty, Inc.

MLS# 974795· Source: listhub· Updated 74 days ago

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194 Church Street, Poughkeepsie, NY 12601

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