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47 Burnett Boulevard

Ross Dress For Less Leases 23000 Square Feet At Plaza 44 In Poughkeepsie
LEASEDRetail

Ross Dress For Less Leases 23000 Square Feet At Plaza 44 In Poughkeepsie

47 Burnett Boulevard

Building Size

23,000 SF

Asset Type

Retail

Closing

Jan 12, 2026

AI

The asset involved in this transaction is a retail space located at 47 Burnett Boulevard in Poughkeepsie, with a total square footage of 23,000. The property is part of Plaza 44, a grocery-anchored shopping center that spans 165,000 square feet and is situated north of New York City.

Summary of transaction details:

The deal involves prominent representatives from both sides, with Deborah Stone and Jason Pennington representing the landlord through Ripco, and Brian Katz and Amy Staats representing the tenant via Katz & Associates Real Estate Advisors. Each party plays a crucial role in the leasing process of the retail space.

Players

Jason Pennington

Ripco

Broker

9 deals

Broker
RL
Ross Dress for LessTenant

Poughkeepsie Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93