NOT LISTED FOR SALE

40 Cannon St Poughkeepsie, NY 12601

Estimated Value: $12,837,799

1 Bed
1 Bath
1,200 Sq Ft
$10,698/Sq Ft Est. Value

Highlights

  • Sauna
  • Deck
  • Wood Flooring
  • 0.63 Acre Lot
  • Property is near public transit
  • 5-minute walk to Harriet Tubman Park

About This Home

As of August 2021

Convenience, culture and city living...experience 40 Cannon! The Kings Court Hotel, built in 1915 was considered a “Home Away from Home” for artists performing at the Bardavon. Now titled 40 Cannon, the building was fully renovated in 2018 still showing the exposed brick and wood flooring from the original hotel. 40 Cannon is located in the heart of the City of Poughkeepsie conveniently located to the Poughkeepsie Train Station and within walking distance to restaurants, shops and other conveniences. Also located within the building are Kings Court Brewing Company, 1915 Wine Cellar, Gallery 40 and Mercat by 1915. 40 Cannon holds 49 apartments, including two penthouse units, 8 studios and 39 one bedroom units, 12 of which are pet-friendly. Amenities include: fitness center, sauna, laundry rooms, bike storage, parking, patio & balconies, electric car charging stations, coded entry and security cameras.

Last Agent to Rent the Property

AMBER ACKERMANN

Hudson River Line Realty License #10401327520 Listed on: 07/12/2021

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1957 | Remodeled in 2018

Lot Details

  • 27,443 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 1,200 Sq Ft Home
  • Elevator
  • Sauna
  • Home Gym
  • Wood Flooring
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit

Schools

  • Gov George Clinton Elementary School
  • Poughkeepsie Middle School
  • Poughkeepsie High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available

Listing and Financial Details

  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 131300-6162-77-068023-0000

Community Details

Recreation

  • Park

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Year Built

Built in 1957 | Remodeled in 2018

Lot Details

0.63 Acres

Rental Info

  • Lease Term: 12 Months
  • Legal Rental: Yes
  • Pets Allowed: No

Listing Details

  • Property Type: Residential Lease
  • Architectural Style: Apartment, See Remarks
  • Property SubType: Apartment
  • Year Built: 1957
  • Year Built Effective: 2018
  • Attribution Contact: 718-637-3143
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Wine Cooler
  • Interior Amenities: Private Laundry, Eat-in Kitchen, Elevator, Exercise Room, Sauna
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: None
  • Inclusions: A/C Units, Ceiling Fan, Dishwasher, Dryer, Intercom, Light Fixtures, Microwave, Refrigerator, Shades/Blinds, Washer, Wine Cooler
  • Total Bedrooms: 1
  • Living Area: 1200.00
  • Square Footage: 1200.00

Exterior Features

  • View: Other
  • Exterior Features: Balcony
  • Patio and Porch Features: Deck
  • View YN: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Other

Utilities

  • Cooling: Ductless
  • Cooling: Yes
  • Heating: Electric, See Remarks
  • Hot Water: None
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Poughkeepsie Middle School

Lot Info

  • Lot Size Acres: 0.6300
  • Lot Size Sq Ft: 27443.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 131300-6162-77-068023-0000

Tax Info

  • Close Date: 2021-08-23

MLS Schools

  • Elementary School: Gov George Clinton School
  • High School: Poughkeepsie High School
  • Middle School District: Poughkeepsie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2022
Sold by
Cardinal Ct Apt Llc
Bought by
40 Cannon Llc
Current Estimated Value
$12,837,799

Purchase Details

Listed on
Jul 12, 2021
Closed on
Sep 16, 2021
Sold by
Dutchess County Of
Bought by
47 Cannon St Llc
Seller's Agent
AMBER ACKERMANN
Hudson River Line Realty
Sold Price
$2,600

Purchase Details

Closed on
Nov 18, 2013
Sold by
Kings Court Apartments Ll
Bought by
Cardinal Court Apartments

Purchase Details

Closed on
Jan 27, 2010
Sold by
Seigel Estate Samuel
Bought by
Kings Court Apartments Ll
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
40 Cannon Llc $10,400,000 Fidelity National Title (Aka
40 Cannon Llc -- Fidelity National Title (Aka
40 Cannon Llc -- Fidelity National Title (Aka
Sullivan James J -- Fidelity National Title (Aka
47 Cannon St Llc $350,000 Fidelity National Title (Aka
Cardinal Court Apartments $262,500 --
Cardinal Court Apartments $262,500 --
Kings Court Apartments Ll $1,255,000 --
Kings Court Apartments Ll $1,255,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2024 04/23/24 Price Changed $1,233 0.0% $2 / Sq Ft
04/23/2024 04/23/24 For Rent $1,233 -22.9% --
11/10/2023 11/10/23 For Rent $1,600 0.0% --
07/13/2023 07/13/23 For Rent $1,600 0.0% --
06/13/2023 06/13/23 For Rent $1,600 0.0% --
02/17/2023 02/17/23 Price Changed $1,600 +178.3% $3 / Sq Ft
02/16/2023 02/16/23 Price Changed $575 -64.1% $1 / Sq Ft
01/17/2023 01/17/23 Price Changed $1,600 +29.8% $3 / Sq Ft
01/14/2023 01/14/23 For Rent $1,233 -52.6% --
08/23/2021 08/23/21 Rented $2,600 0.0% --
07/12/2021 07/12/21 For Rent $2,600 -- --
Source: OneKey® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $77,942 $10,816,000 $110,000 $10,706,000
2023 $8,741 $10,400,000 $110,000 $10,290,000
2022 $10,268 $7,000,000 $100,000 $6,900,000
2021 $10,649 $7,000,000 $100,000 $6,900,000
2020 $11,311 $7,000,000 $100,000 $6,900,000
2019 $11,515 $4,900,000 $100,000 $4,800,000
2018 $11,930 $4,900,000 $100,000 $4,800,000
2017 $11,633 $1,404,000 $115,000 $1,289,000
2016 $5,860 $262,500 $115,000 $147,500
2015 -- $262,500 $115,000 $147,500
2014 -- $285,000 $115,000 $170,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6129435

OneKey® MLS

APN: 131300-6162-77-068023-0000

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