Multifamily Property with Rear
New
For Sale
$590,000
148 Hudson Avenue, Chatham, NY 12037
Residential Income, Chatham, NY
Property Size3,200 SF
Lot Size0.53 Acres
Price / SF$184.38
Days on Market5
Property Features for 148 Hudson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
281
Zoning description
Residential income
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 5, Basement, Bedroom 6, Bedroom 3
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Breakfast Bar, Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Walk-In Closet(s)
Exterior features
Balcony, Dog Run, Private Entrance, Private Yard, Rain Gutters
Basement
Walk-Out Access, Unfinished, Exterior Entry, Interior Entry, Dirt Floor, Walk-Up Access, Partial
Appliances
Washer/Dryer Stacked, Refrigerator, Range
Lot features
Back Yard, Cleared, Few Trees, Front Yard, Level
Elementary school district
Chatham Central Schools
Middle school district
Chatham Central Schools
High school district
Chatham Central Schools
Directions
From traffic light in the Village of Chatham head south on Route 66; house on left side of road; see sign
Subdivision
Ghent
Standard status
Active
APN
66.13-3-34
Size
3,200 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
13618
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Oil, Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Flooring type
Simulated wood, Wood, Tile, Reclaimed wood, Vinyl
Roof type
Asphalt
Architectural style
Colonial
Additional Structures
Kennel/Dog Run, Residence
Listing Agency:
Cozzolino Real Estate Inc
(518) 392-9879
Listed By:
Terry Cozzolino
(518) 965-8370
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 17 at 4:06PM
MLS# 20266123
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1930, this 3,200-square-foot Colonial property occupies 0.53 acres. The main home has four bedrooms, two bathrooms, and an oak center-hall staircase. A separate, smaller building at the rear contains two income-producing units. Additional features include a porch, off-street parking, and public sewer service.
The property sits at the edge of Chatham Village, within walking distance of restaurants, a movie theater, a school, a library, Main Street shops, and grocery stores.
The property sits at the edge of Chatham Village, within walking distance of restaurants, a movie theater, a school, a library, Main Street shops, and grocery stores.
Key Highlights
- Separate rear building contains two income‑producing units
- Main residence offers 4 bedrooms and 2 bathrooms
- 3,200 square feet on a 0.53‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,096
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,920
$601.9K
Cap Rate 7%
$429,943
$429.9K
Cap Rate 9%
$334,400
$334.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$54.7K $17.10/SF
− OpEx
−$24.6K −$7.69/SF
NOI
$30.1K $9.41/SF
Area
Columbia County, NY
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,920
Cap Rate 7%
$429,943
Cap Rate 9%
$334,400
Alternative Uses
Best Use
Apartment 5plus
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$791.7K
$692.7K – $923.7K
NOI $55,419 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 12037, NY
3,895
Population
2,035
Households
1.9
Avg Household Size
51
Median Age
47%
College-Educated
95%
High-School Grad
36.2 sq mi
ZIP Area
108
Density / Sq Mi
$93,990
Median Household Income
$50,471
Median Earnings
$1,006
Median Rent
$345,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A Colonial main residence is paired with a separate rear building containing two income-producing units.
Where is this multifamily property located?
The property is located at 148 Hudson Avenue Chatham, NY.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Separate rear building contains two income‑producing units; Main residence offers 4 bedrooms and 2 bathrooms; 3,200 square feet on a 0.53‑acre parcel
