50 Academy Street, Poughkeepsie, NY 12601
Pri: $2,900,000 | 4-Unit Apartment Building | Opòtinite Redevlopman

Situe nan kè distri inovasyon Poughkeepsie ki ap grandi rapidman, 50 Academy Street ofri yon opòtinite redevlopman eksepsyonèl pou itilize melanje. Batiman apatman sa a gen 4 inite, 2 etaj, 2,800 pye kare e li chita sou 1.11 akr atravè 11 pakèt, sa ki fè li youn nan pi gwo asanble ki disponib nan sant Poughkeepsie. Avèk lokalizasyon estratejik li, zòn fleksib, ak gwo demann pou lwe rezidansyèl, pwopriyete sa a ideyal pou devlopè ki ap chèche rantabilize sou kwasans ak revitalizasyon kontinyèl Poughkeepsie.

Zonaj & Potansyèl Devlopman
Pwopriyete a se anba zòn PID-B (Poughkeepsie Innovation District B) ak MU-5 (Mixed-Use 5), ki ofri potansyèl devlopman rezidansyèl ak komèsyal ki gen gwo dansite.

Zonaj PID-B: Pèmèt jiska 9 etaj (120 pye) ak enkli lojman abòdab

Zonaj MU-5: Pèmèt jiska 7 etaj (94 pye) ak enkli lojman abòdab

Itilizasyon Pèmèt: Lojman multifamily, detail, biwo, ospitalite, medikal, lojman viv-travay, lojman elèv, atizay pèfòmans, ak sèvis manje

Pa gen Restriksyon Istorik: Pwopriyete a pa lokalize nan yon Distrik Istorik Vil la

Plizyè etid mas konseptuel pa Tinkelman Architecture montre potansyèl sit la:

Opsyon A: 35 inite rezidansyèl / 26 espas pakin

Opsyon B: 55 inite rezidansyèl / 28 espas pakin

Opsyon C: 76 inite rezidansyèl / 52 espas pakin

Opsyon D: 116 inite rezidansyèl / 49 espas pakin

Fleksibilite sa a fè li ideyal pou redevlopman itilize melanje, multifamily, oswa rezidansyèl.

Pakin & Ankourajman
Sit la ofri fleksibilite nan desen pakin sou plas, ki enkli potansyèl pou yon ranvwa nan Komite Planifikasyon an oswa frè an plas pakin. Anplis, li adjasan ak yon pakin minisipal nan 50 Cannon Street, ki ofri plis pase 210 espas nan 50 pye.

Vil Poughkeepsie sipòte devlopman nan distri inovasyon li, kreye opòtinite posib pou ankourajman ak apwobasyon planifye ki senplifye.

Lokalizasyon Privilèje nan Sant Vil la
50 Academy Street, ki sitiye nan sant vil la, se nan distans pou mache a:

Restoran, kafé, ak boutik

Sant atizay ak Sant Atizay Istorik Barrett la

Vassar Brothers Medical Center, yon gwo anplwayè nan zòn nan

Pwopriyete a ofri tou aks fasil sou wout transpò prensipal, ki gen ladan Wout 9, Bridge Mid-Hudson, ak Metro-North Railroad, ki konekte Poughkeepsie ak New York City ak kominote Hudson Valley ki antoure yo.

Siyen Envestisman
Lokalizasyon vil ki prefere nan yon mache sant vil ki ap grandi

Devlopman gwo dansite kòm dwa ak potansyèl bonis siyifikatif

Gwo demann lwaye rezidansyèl nan kè revitalize Poughkeepsie

Zonaj fleksib itilize melanje pou divès opsyon pou pwodwi revni

Sa a se yon opòtinite ra pou akeri yon gwo pakèt ki lokalize estratejikman ak potansyèl redevlopman ki san parèy nan youn nan mache kwasans ki pi dinamik nan Hudson Valley.

50 Academy Street, Poughkeepsie, NY 12601
Price: $2,900,000 | 4-Unit Apartment Building | Redevelopment Opportunity

Located in the heart of Poughkeepsie’s rapidly growing Innovation District, 50 Academy Street offers an exceptional mixed-use redevelopment opportunity. This 4-unit, 2-story, 2,800-square-foot apartment building sits on 1.11 acres across 11 parcels, making it one of the largest assemblages available in downtown Poughkeepsie. With its strategic location, flexible zoning, and strong demand for residential rentals, this property is ideal for developers seeking to capitalize on Poughkeepsie’s continued growth and revitalization.

Zoning & Development Potential
The property is zoned PID-B (Poughkeepsie Innovation District B) and MU-5 (Mixed-Use 5), offering high-density residential and commercial development potential.

PID-B Zoning: Allows up to 9 stories (120 ft) with affordable housing inclusion

MU-5 Zoning: Allows up to 7 stories (94 ft) with affordable housing inclusion

Permitted Uses: Multifamily residential, retail, office, hospitality, medical, live-work housing, student housing, performing arts, and food service

No Historic Restrictions: The property is not located within a City Historic District

Several conceptual massing studies by Tinkelman Architecture demonstrate the site’s potential:

Option A: 35 residential units / 26 parking spaces

Option B: 55 residential units / 28 parking spaces

Option C: 76 residential units / 52 parking spaces

Option D: 116 residential units / 49 parking spaces

This flexibility makes it ideal for mixed-use, multifamily, or residential redevelopment.

Parking & Incentives
The site offers on-site parking design flexibility, including the potential for a Planning Board waiver or fee-in-lieu of parking. Additionally, it is adjacent to a municipal parking lot at 50 Cannon Street, providing 210+ spaces within 50 feet.

The City of Poughkeepsie supports development in its Innovation District, creating potential opportunities for incentives and streamlined planning approvals.

Prime Downtown Location
Centrally located, 50 Academy Street is within walking distance to:

Restaurants, cafés, and boutique shops

Art centers and the historic Barrett Art Center

Vassar Brothers Medical Center, a major employer in the area

The property also offers easy access to major transportation routes, including Route 9, the Mid-Hudson Bridge, and Metro-North Railroad, connecting Poughkeepsie to New York City and surrounding Hudson Valley communities.

Investment Highlights
Prime urban infill location in a growing downtown market

High-density development as-of-right with significant bonus potential

Strong residential rental demand in Poughkeepsie’s revitalized core

Flexible mixed-use zoning for a variety of income-producing options

This is a rare opportunity to acquire a large, strategically located parcel with unmatched redevelopment potential in one of the Hudson Valley’s most dynamic growth markets. © 2025 OneKey™ MLS, LLC