Hudson Valley Affordable Housing Portfolio With Added Development Potential

For Sale

1 Summersweet Dr, Poughkeepsie, NY 12603

This Poughkeepsie property for sale is located at 1 Summersweet Dr. The current listed sale price for Hudson Valley Affordable Housing Portfolio With Added Development Potential is $2,000,000. Hudson Valley Affordable Housing Portfolio With Added Development Potential is situated on a lot that is 39.82 acre in size.

Contacts

Shimon Shkury

Ariel Property Advisors

Victor Sozio

Ariel Property Advisors

Remi Mandell

Ariel Property Advisors

Chéri Roohi

Ariel Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 37,930 SF
  • Units 28
  • Lot Size 39.82 Acre
  • Taxes / YR $68,000.00
  • Year Built 2003
  • Date Updated Aug 11, 2026

Investment Highlights:

 

Scale & Layouts: 28 total residential units efficiently spread across 8 high-quality townhouse clusters

Future Development Potential: Available land to build approximately 5-single family homes or 18 townhomes with necessary approvals

Favorable Floorplans: Features large layouts with a heavily weighted premium towards family spaces with 19 Three-Bedroom and 9 Two-Bedroom configurations

100% Affordable Program Structure: Governed by an HTFC regulatory framework allocating 100% of the portfolio (all 28 units) to very low-income residents earning at or below 50% Area Median Income (AMI)

Assumable Financing: Lucrative, assumable secondary loan from the New York State Housing Trust Fund Corporation (HTFC) locked in at a 1% interest rate through February 2035

Strategic Transit & Employment Hub: Located in the heart of Dutchess County, offering seamless connectivity to major regional employers, commuter paths, and the greater New York metropolitan market 2035

Unbeatable Suburban Setting: Situated directly between the highly trafficked, scenic Dutchess Rail Trail and Underhill Road, giving residents immediate access to top-tier outdoor recreation and local amenities

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Attachments

Getting around

  • 19/100

    Walk Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Poughkeepsie, NY
  • Zip Code 12603
  • Market White Plains

Points of Interest

  • Stop & Shop

    1.33 miles

  • West Dorsey Lane & Route 9 (CIA)

    2.54 miles

  • Reliable Taxi

    3.47 miles

  • Galleria Food Court

    6.55 miles

  • Route 9 & Wenliss Terrace

    8.56 miles

  • New Hamburg

    9.42 miles

  • Gulf

    1.58 miles

  • Sunoco

    1.76 miles

  • Citgo

    1.78 miles

  • Valero

    1.82 miles

  • Mobil

    1.90 miles

  • 7-Eleven

    2.28 miles

  • Speedway

    2.39 miles

  • IBM Building 710 Charger

    4.35 miles

  • IBM Building 008 Charger

    4.97 miles

  • Tesla Supercharger

    6.26 miles

  • Morgan Lake Trailhead

    0.52 miles

  • Lot B

    0.53 miles

  • Lot E

    0.54 miles

  • Lot F

    0.54 miles

  • Lot A

    0.67 miles

  • Lot C

    0.86 miles

  • Lot D

    0.94 miles

  • Overdocker Road Trailhead

    1.80 miles

  • North Parking Lot

    1.86 miles

  • Poughkeepsie Station Parking

    2.26 miles

  • Rodeway Inn

    1.60 miles

  • Poughkeepsie Grand Hotel

    1.84 miles

  • Alumnae House

    1.86 miles

  • Inn at Bellefield / Hyde Park

    2.55 miles

  • Holiday Inn Express

    3.20 miles

  • Ulster Inn

    3.31 miles

  • Highland Motel

    3.37 miles

  • Americas Best Value Inn

    3.48 miles

  • Atlas Motor Lodge

    3.58 miles

  • Courtyard Poughkeepsie

    3.73 miles

  • Alex Food and Grocery II

    1.29 miles

  • Super Stop & Shop

    1.29 miles

  • Roy's Tropical & American Food Store

    1.32 miles

  • Big Lots

    1.37 miles

  • Casa Latina

    1.52 miles

  • Adams Fairacre Farms

    1.53 miles

  • Associated Supermarket

    1.57 miles

  • Tropical Fresh

    1.71 miles

  • ShopRite

    1.84 miles

  • Stop & Shop

    3.62 miles

Contact Hudson Valley Affordable Housing Portfolio With Added Development Potential
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