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About the Property

400 Maple Street is a prime 2-story + basement mixed-use building located in the heart of downtown Poughkeepsie, NY.     

- ±16,488 square feet   

- Originally built in 1960   

- Converted to 8 studios and 12 one-bedroom apartments   

- ±2,000 square foot ground-floor commercial space

History

The Sponsor purchased the property in April 2013 and commenced interior demolition in July 2013. The Ebenezer Baptist Church was the former owner and housed the missionary on the ground floor. The Sponsor received approval from the Zoning and Planning Boards to build 20 residential and one commercial unit

Strategic and Significant Local Partnerships 

Hudson River Housing, the regional not-for-profit housing agency has secured a grant from New York State to take 15 of the 20 residential apartments under a long-term lease.  The Sponsor will be working closely with Scenic Hudson, a prominent and active environmental, land preservation organization and Mass+ Architects out of Poughkeepsie, to connect the Property to, and beautify the surroundings around the Fallkill Creek which runs behind 400 Maple Street.

About the Sponsors

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Hudson River Property Management LLC is a management company that pro-actively manages a portfolio of 141 multifamily residential and commercial units. An upcoming modular-constructed residential project in Pelham would grow the company’s portfolio by 42%. The company’s portfolio reflects an occupancy rate of nearly 100% (1 vacant unit) as of December 31, 2019. The company utilizes a “high-touch,” hands-on service and management strategy. The owners and their superintendents are closely involved with all of their buildings on a day-to-day basis.