GSP One LLC Sells 33-Unit Mixed-Use Portfolio In Poughkeepsie For $4.5M
509 Main Street, 513 Main Street, 78 Garden Street, 82 Garden Street, 84 Garden Street, 86 Garden Street, 82 Garden Street & 30 Kelsey Road
$4,500,000
$155/SF
Building Size
28,990 SF
Asset Type
Mixed-use
Closing
Jun 17, 2026
AI
A mixed-use portfolio located at 509-513 Main Street, 78-82 & 84-86 Garden Street, and 30 Kelsey Road in Poughkeepsie has been sold for $4,500,000. The asset spans nearly 29,000 square feet and consists of 33 units, offering a price per square foot of $155 and a price per unit of $136,364.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Square Footage: 28,990
- Units: 33
- Price per Square Foot: $155
- Price per Unit: $136,364
- Seller: GSP One LLC
- Brokers: Brian Kaplan & John Horowitz - Marcus & Millichap
- Date of Sale: 06/17/2026
- Market: Poughkeepsie
Brian Kaplan and John Horowitz from Marcus & Millichap represented the seller in this transaction, facilitating the sale of this multifaceted property in the growing market of Poughkeepsie, New York.
Players
Saint Maries Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93