584 Main Street

Poughkeepsie, NY

• Ownership originally purchased this vacant, former furniture warehouse in May 2020.

• Secured full site plan approval from the City of Poughkeepsie Zoning Board of Appeals and Planning Board.

• Converted the existing building to a mixed-use, 25,450 SF, three-story complex consisting of 30 apartments and two commercial storefronts.

• All 30 residential units plus the smaller commercial space leased to Hudson River Housing, Inc. (HRH). Signed lease with La Esquina Taqueria, a Mexican restaurant to be owned by an experienced operator, for the larger commercial space.

• Secured 0.5% interest rate financing from NYS under their Small Business Participation Loan Program.

• Construction has been completed with estimated TCO to be received by 1/31/2026.

• Highly visible, easily accessible location on corner of Main St. and Palmer Ave.