Downtown Hudson Mixed-Use
For Sale
$2,795,000
21 ---754 Green Columbia St, Hudson, NY 12534
Commercial and residential units in Hudson's premier location.
Property Size22,568 SF
Lot Size0.69 Acres
Days on Market266
Property Features for 21 ---754 Green Columbia St
General Information
Standard status
Active
Size
22,568 SF
Lot size
0.69 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$42,576
Building Details
Building Size
22,568 SF
Year Built
1971
Units
11
Listing Agency:
1942
(518) 928-7239
Listed By:
David A. Birch · License #137689-RE-RB
(518) 928-7239
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 7
Last Checked: Aug 20 at 11:30AM
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 1942
Investment Insights
Based on property information with market context.
This 22,568 square foot mixed-use building is located in downtown Hudson. The property features block and brick construction. It includes six commercial units and five residential units. The building has been completely renovated into top-of-the-line residential and commercial spaces. Each unit has individually metered electric, heat, and air conditioning. The property generates a monthly income of $24,021.
Key Highlights
- Premier downtown location in Hudson.
- Substantial size: 22,568 square feet.
- Mix of commercial (6 units) and residential (5 units) spaces.
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
$237,533
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
8.50%
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%
$4,750,660
$4.8M
Cap Rate 7%
$3,393,329
$3.4M
Cap Rate 9%
$2,639,256
$2.6M
Market Conditions
NOI Build-Up for 22,568 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
$379.1K $16.80/SF
− Vacancy
−$39.8K −$1.76/SF
EGI
$339.3K $15.04/SF
− OpEx
−$101.8K −$4.51/SF
NOI
$237.5K $10.53/SF
Area
Columbia County, NY
Vacancy
10.50%
Lease Rate
$16.80 /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%
$4,750,660
Cap Rate 7%
$3,393,329
Cap Rate 9%
$2,639,256
Alternative Uses
Best Use
Retail
$3.39M
$2.97M – $3.96M
NOI $237,533 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$3.03M
$2.65M – $3.54M
NOI $212,252 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$5.58M
$4.89M – $6.51M
NOI $390,842 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential units in Hudson's premier location.
Where is this mixed-use property located?
The property is located at 21 ---754 Green Columbia St Hudson, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Premier downtown location in Hudson.; Substantial size: **22,568 square feet**.; Mix of commercial (6 units) and residential (5 units) spaces.
