Corner Mixed-Use Building with
For Sale
$2,200,000
1 Warren Street, Hudson, NY 12534
Historic corner property combines retail space with five residential apartments, updated systems, and separately metered utilities.
Property Size8,000 SF
Days on Market153
Property Features for 1 Warren Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$21,254
Building Details
Building Size
8,000 SF
Year Built
1900
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Compass Greater NY LLC
(518) 755-4574
Listed By:
Sean Roland · License #10401340960
Source:
Gristmillrealestate
Added: Apr 1
Changed: Aug 29
Last Checked: Aug 31 at 12:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Greater NY LLC
Investment Insights
Based on property information with market context.
This mixed-use building at the corner of Warren and Front Streets combines substantial retail space with five residential apartments. The first floor contains a 2,500 square-foot retail area with plaster walls and detailed interior finishes, along with a separate 500 square-foot storefront accessed from Front Street. Residential accommodations include two one-bedroom apartments, one two-bedroom apartment, and a 3500 square-foot three-bedroom penthouse with cathedral ceilings, a loft, and a roof patio overlooking the Hudson River. In-unit washer-dryers and wide-board pine flooring are provided in the apartments.
Built in 1900, the property has updated mechanical systems, separately metered utilities, and a new sprinkler system. Large plate glass display windows face the prominent corner, while the building’s location near the Hudson train arrival route places the retail frontage within the path of visitors entering the city.
Built in 1900, the property has updated mechanical systems, separately metered utilities, and a new sprinkler system. Large plate glass display windows face the prominent corner, while the building’s location near the Hudson train arrival route places the retail frontage within the path of visitors entering the city.
Key Highlights
- Corner location at Warren and Front Streets in Hudson
- 2,500 square‑foot first‑floor retail area with plate glass display windows
- Separate 500 square‑foot retail space with Front Street entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,730
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,714,600
$1.7M
Cap Rate 7%
$1,224,714
$1.2M
Cap Rate 9%
$952,556
$952.6K
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$129.6K $16.20/SF
− Vacancy
−$7.1K −$0.89/SF
EGI
$122.5K $15.31/SF
− OpEx
−$36.7K −$4.59/SF
NOI
$85.7K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,714,600
Cap Rate 7%
$1,224,714
Cap Rate 9%
$952,556
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,730 @ 7.0% cap · market cap 3.90%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,202 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,547 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic corner property combines retail space with five residential apartments, updated systems, and separately metered utilities.
Where is this mixed-use property located?
The property is located at 1 Warren Street Hudson, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Corner location at Warren and Front Streets in Hudson; 2,500 square‑foot first‑floor retail area with plate glass display windows; Separate 500 square‑foot retail space with Front Street entrance
