Listing Agency: Better Homes and Gardens Real Estate

Listed By: Edward Sattler · License #NY 10401319069 Show Phone

Source: Crexi

Added: May 21 Changed: Sep 14 Last Checked: Sep 15 at 4:45AM

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Investment Insights

Based on property information with market context.

This for-sale two-family property features a main home plus a separate cottage. Interiors include a spacious kitchen and dining room with ceramic tile and hardwood flooring. The property also offers a private backyard.

The address is 157 Hudson Street in Cornwall-On-Hudson, NY. The public remarks note convenient access to West Point and Woodbury Common Premium Outlets.

With its multi-structure layout, the configuration supports separate occupancy for the main home and the cottage.

Key Highlights

• Two‑family property with a main home plus a separate cottage
• Spacious kitchen and dining area in the main home and cottage
• Features ceramic tile and hardwood flooring

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

$30,689

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

5.43%

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%

$613,780 $613.8K

Cap Rate 7%

$438,414 $438.4K

Cap Rate 9%

$340,989 $341.0K

Market Conditions

NOI Build-Up for 1,544 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

$45.4K $29.40/SF

− Vacancy

−$1.6K −$1.01/SF

EGI

$43.8K $28.39/SF

− OpEx

−$13.2K −$8.52/SF

NOI

$30.7K $19.88/SF

Area

Orange County, NY

Vacancy

3.42%

Lease Rate

$29.40 /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%

$613,780

Cap Rate 7%

$438,414

Cap Rate 9%

$340,989

Alternative Uses

Best Use

Multifamily LT 5

$438.4K

$383.6K – $511.5K (±1% cap)

NOI $30,689 @ 7.0% cap · market cap 5.43%

Second Best

Apartment 5plus

$412.6K

$361.0K – $481.4K (±1% cap)

NOI $28,881 @ 7.0% cap · market cap 5.11%

Theoretical Best

Office A

$522.9K

$457.6K – $610.1K (±1% cap)

NOI $36,605 @ 7.0% cap · market cap 6.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Repair Shop HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

156

Businesses Nearby

Explore this area Business Placement

Demographics for 12520, NY

3,287

Population

1,359

Households

2.4

Avg Household Size

43

Median Age

58%

College-Educated

97%

High-School Grad

4.1 sq mi

ZIP Area

802

Density / Sq Mi

$150,144

Median Household Income

$76,685

Median Earnings

$1,457

Median Rent

$458,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two-family property includes a main home and a separate cottage with a spacious kitchen and dining area.

Where is this duplex located?

The property is located at 157 Hudson Street Cornwall on Hudson, NY.

What is the asking price?

The asking price for this property is $565,000.

What are key features of this property?

This property features: Two‑family property with a main home plus a separate cottage; Spacious kitchen and dining area in the main home and cottage; Features ceramic tile and hardwood flooring