Road-Front Mixed-Use
1620 Columbia Turnpike Castleton on Hudson, NY 12023
For Sale
$379,000
COMMERCIAL - Castleton-on-Hudson, NY
Property Size4,120 SF
Lot Size1.03 Acres
Price / SF$91.99
Days on Market98
Property Features for 1620 Columbia Turnpike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC
Bathrooms
4
Rooms
Bathroom 2, Basement, Bathroom 4, Bathroom 3, Bathroom 1
Parking
30
Security features
Security
Exterior features
Balcony, Lighting
Basement
Sump Pump, Unfinished, Interior Entry
Appliances
Refrigerator, Gas Water Heater, Gas Range, Freezer, Exhaust Fan, Dishwasher, Bar Fridge
Standard status
Active
APN
178.11-21
Size
4,120 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Annual Amount
8500
Utilities
Utilities
Cable Available
Sewer type
Septic Tank, Private Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Separate Meters, Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
Water source
Private
Building Details
Year built
1829
Floors in Building
2
Flooring type
Tile, Carpet, Hardwood
Building materials
Aluminum Siding, Wood Siding
Roof type
Asphalt, Shingle
Additional Structures
Guest House
Listing Agency:
Win Morrison Realty-K
(845) 339-9999
Listed By:
Kathy Ann Shumway · License #10301223076
(845) 901-6555
Added: Apr 22
Changed: Jul 24
Last Checked: Jul 28 at 5:06PM
MLS# 20261793
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes three apartments located above a former restaurant, plus a separate 2-bedroom cottage positioned at the back of the property. The current owner renovated all apartments with separate utility meters and finished floors including hardwood and wall-to-wall carpet. Units also include new appliances and fresh paint. The former restaurant level has a fully equipped kitchen.
The property is located along a high-traffic route with approximately 25,000+/- automobiles driving back and forth and 208.8 feet of road frontage. Utilities include natural gas, with private well and septic service and availability for a public water hook-up.
Zoned HC, this residence and hospitality-oriented configuration offers a practical layout for multi-unit occupancy with an additional cottage unit on site.
The property is located along a high-traffic route with approximately 25,000+/- automobiles driving back and forth and 208.8 feet of road frontage. Utilities include natural gas, with private well and septic service and availability for a public water hook-up.
Zoned HC, this residence and hospitality-oriented configuration offers a practical layout for multi-unit occupancy with an additional cottage unit on site.
Key Highlights
- Year built 1829 mixed‑use property with 3 apartments above a former Belvedere restaurant plus a back 2‑bedroom cottage
- Renovated apartments with separate utility meters; installed hardwood floors and wall‑to‑wall carpet, plus new appliances and fresh paint
- Fully equipped kitchen for bar/restaurant use, plus existing bathroom rooms and a basement
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $15.00 |
| − Vacancy | −$9.3k | −$2.25 |
| EGI | $52.5k | $12.75 |
| − OpEx | −$27.6k | −$6.69 |
| NOI | $25.0k | $6.06 |
4,120 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Multifamily LT 5
$770.9K
$674.5K – $899.4K
NOI $53,963 @ 7.0% cap · market cap 14.24%
Second Best
Apartment 5plus
$714.4K
$625.1K – $833.5K
NOI $50,009 @ 7.0% cap · market cap 13.19%
Theoretical Best
Office A
$1.03M
$901.2K – $1.20M
NOI $72,095 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Mixed-use property with three renovated apartments above a former restaurant and a 2-bedroom cottage on natural gas.
Where is this quadplex located?
The property is located at 1620 Columbia Turnpike Castleton on Hudson, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Year built 1829 mixed‑use property with 3 apartments above a former Belvedere restaurant plus a back 2‑bedroom cottage; Renovated apartments with separate utility meters; installed hardwood floors and wall‑to‑wall carpet, plus new appliances and fresh paint; Fully equipped kitchen for bar/restaurant use, plus existing bathroom rooms and a basement
