Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
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
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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19/100
Walk Score ®
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43/100
Bike Score ®
Location
- City Poughkeepsie, NY
- Zip Code 12603
- Market White Plains
Points of Interest
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Stop & Shop
1.33 miles
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West Dorsey Lane & Route 9 (CIA)
2.54 miles
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Reliable Taxi
3.47 miles
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Galleria Food Court
6.55 miles
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Route 9 & Wenliss Terrace
8.56 miles
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New Hamburg
9.42 miles
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Gulf
1.58 miles
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Sunoco
1.76 miles
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Citgo
1.78 miles
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Valero
1.82 miles
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Mobil
1.90 miles
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7-Eleven
2.28 miles
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Speedway
2.39 miles
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IBM Building 710 Charger
4.35 miles
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IBM Building 008 Charger
4.97 miles
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Tesla Supercharger
6.26 miles
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Morgan Lake Trailhead
0.52 miles
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Lot B
0.53 miles
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Lot E
0.54 miles
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Lot F
0.54 miles
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Lot A
0.67 miles
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Lot C
0.86 miles
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Lot D
0.94 miles
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Overdocker Road Trailhead
1.80 miles
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North Parking Lot
1.86 miles
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Poughkeepsie Station Parking
2.26 miles
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Rodeway Inn
1.60 miles
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Poughkeepsie Grand Hotel
1.84 miles
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Alumnae House
1.86 miles
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Inn at Bellefield / Hyde Park
2.55 miles
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Holiday Inn Express
3.20 miles
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Ulster Inn
3.31 miles
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Highland Motel
3.37 miles
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Americas Best Value Inn
3.48 miles
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Atlas Motor Lodge
3.58 miles
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Courtyard Poughkeepsie
3.73 miles
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Alex Food and Grocery II
1.29 miles
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Super Stop & Shop
1.29 miles
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Roy's Tropical & American Food Store
1.32 miles
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Big Lots
1.37 miles
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Casa Latina
1.52 miles
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Adams Fairacre Farms
1.53 miles
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Associated Supermarket
1.57 miles
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Tropical Fresh
1.71 miles
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ShopRite
1.84 miles
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Stop & Shop
3.62 miles