23-Unit Multifamily
177-181 Main Street Hudson Falls, NY 12839
177-181 Main Street, Hudson Falls, NY, 12839
$2,700,000
For Sale
$2,700,000
Three-building portfolio offers one- and two-bedroom units with off-street parking.
Property Size15,346 SF
Price / SF$175.94
Days on Market71
Property Features for 177-181 Main Street
General Information
- Standard status
- Active
- Size
- 15,346 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1798
Listing agency
Principles 2019 LLC
(518) 330-3160
Listed by
Jerid Meagan · License #10491209223
(518) 330-3160
Source
Compass
Added: May 12 Updated: Jul 21 at 6:00PM Checked: Jul 21 at 6:00PM
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 Principles 2019 LLC
Investment Insights
Based on property information with market context.
This 23-unit multifamily portfolio includes three separate buildings featuring a mix of one- and two-bedroom units. Off-street parking is provided for residents.
The property is located on Main Street in Hudson Falls, New York, just minutes from Glens Falls. The portfolio is described as producing in-place income, with a number of units currently below market and several leases on a month-to-month basis.
The current configuration includes 1- and 2-bedroom layouts across the three buildings, supported by the presence of off-street parking.
The property is located on Main Street in Hudson Falls, New York, just minutes from Glens Falls. The portfolio is described as producing in-place income, with a number of units currently below market and several leases on a month-to-month basis.
The current configuration includes 1- and 2-bedroom layouts across the three buildings, supported by the presence of off-street parking.
Key Highlights
- 23‑unit multifamily portfolio in Hudson Falls, NY, consisting of three buildings
- Unit mix includes one- and two‑bedroom apartments
- Off‑street parking included
Local Financial Insights For Apartment 5plus
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 | $303.9k | $19.80 |
| − Vacancy | −$15.8k | −$1.03 |
| EGI | $288.1k | $18.77 |
| − OpEx | −$129.6k | −$8.45 |
| NOI | $158.4k | $10.32 |
15,346 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.26M
$1.98M – $2.64M
NOI $158,428 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,505 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three-building portfolio offers one- and two-bedroom units with off-street parking.
Where is this apartment building located?
The property is located at 177-181 Main Street Hudson Falls, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 23‑unit multifamily portfolio in Hudson Falls, NY, consisting of three buildings; Unit mix includes one- and two‑bedroom apartments; Off‑street parking included
