The Scism Building

Investment Overview

Introducing a prime investment opportunity at 12 West Market Street, Red Hook, NY. This 20,870 SF building boasts 23 units, offering a lucrative investment in the heart of Red Hook's General Business zone. Currently at full capacity, this property promises immediate returns with 100% occupancy. Perfect for retail and multifamily investors seeking a high-traffic location in a thriving commercial district. Encompassing nearly 21,000 square feet, this well-located building has been family-owned since the 1960s, reflecting long-term stewardship and enduring value. Importantly, this prominent corner is being offered as part of a rare 11-building portfolio sale, providing investors with the opportunity to acquire a concentrated footprint in Dutchess County. The portfolio structure, including 3 of the 4 corners, allows for operational efficiencies, diversified income streams, and long-term strategic repositioning potential. Individual or combined acquisition considerations may be discussed.

Investment Highlights

• - 20,870 SF building
• - 23 units, 14 apartments and 9 retail spaces
• - Zoned General Business
• - Prime Red Hook location
• - High-traffic area
• - Thriving commercial district
• - Immediate income potential