LUCKEY PLATT POUGHKEEPSIE, NY

Execute CA

The Offering

Address

57 Cannon Street
Poughkeepsie, NY 12601

Overview

As exclusive agent, Cushman and Wakefield and Pyramid Brokerage Company are pleased to offer a 100% fee interest in Luckey Platt for sale.

Situated in the heart of Dutchess County in the City of Poughkeepsie, New York, Luckey Platt represents the ability to acquire an irreplaceable mixed-use community in a rapidly revitalizing downtown being fueled by significant public and private investment. Started in 1875 and completed in 1924, this iconic building was once home to Luckey, Platt & Company, which at the time was the largest department store between New York City and Albany. Completing redevelopment of both the interior and exterior in 2023, this historic structure is now home to 148 unique loft-style residences, as well over 30,000 SF of street level retail located along Main Street and Academy.

Consisting of an attractive mix of studio, one, two and three bedroom units, Luckey Platt’s residences feature modern finishes including double height ceilings with oversized windows, Latch smart unit entry systems, stainless steel appliance packages, quartz countertops, LVP flooring, and brand new building wide VRF HVAC system. Additionally, the community features a market leading amenity package highlighted by a state of the art fitness center, yoga room, game lounge, dog spa, workspaces, and package room.

Luckey Platt caters to the area’s affluent resident pool consisting primarily of high earning med’s and ed’s employees working throughout the City of Poughkeepsie and the surrounding suburbs. These residents are attracted to the community due to the rare ability to live in a luxury loft style apartment, with best in class amenities, access to a dynamic nightlife and social scene, outdoor and recreational amenities, and walkability to public transit.

Tours of Luckey Platt will be scheduled upon request with a call for offers date to be announced at a later date.


Investment Highlights

• Stability and Predictability of Cash Flows

• Significant Upside Opportunity

• High Quality of Life with Superior Location & Demographics

Location Map

Investment Sales

 
NIKO NICOLAOU
Vice Chairman
+ 1 201 426 2227
niko.nicolaou@cushwake.com

RYAN W. DOWD
Managing Director
+ 1 201 508 5278
ryan.dowd@cushwake.com

BRIAN WHITMER
+ 1 773 562 0340
bwhitmer@repropco.com

JON WEINSTEIN
Upstate NY Multifamily Investment Sales
+ 1 315 720 5270
jweinstein@pyramidbrokerage.com

ROBERT W. SCHERREIK, SIOR, CCIM, MCR
President, Hudson Valley
+ 1 845 787 1373
rscherreik@pyramidbrokerage.com

PETER WELCH
Financial Analyst
+ 1 201 508 5267
peter.welch@cushwake.com