Building Details

Year Built 1900

Listing Agency: Find Advisors

Listed By: Carrie Dandridge · License #10401364986

Source: Amodiorealestate

Added: Aug 23 Changed: Oct 9 Last Checked: Oct 7 at 4:51PM

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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 Find Advisors

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,217

Cap Rate

5.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,340 $684.3K

Cap Rate 7%

$488,814 $488.8K

Cap Rate 9%

$380,189 $380.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,193 SF

Gross rent

$51.7K $16.20/SF

− Vacancy

−$2.8K −$0.89/SF

EGI

$48.9K $15.31/SF

− OpEx

−$14.7K −$4.59/SF

NOI

$34.2K $10.72/SF

Area

Columbia County, NY

Vacancy

5.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,340

Cap Rate 7%

$488,814

Cap Rate 9%

$380,189

Alternative Uses

Best Use

Multifamily LT 5

$488.8K

$427.7K – $570.3K (±1% cap)

NOI $34,217 @ 7.0% cap · market cap 5.52%

Second Best

Apartment 5plus

$429.0K

$375.4K – $500.5K (±1% cap)

NOI $30,030 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$790.0K

$691.2K – $921.6K (±1% cap)

NOI $55,298 @ 7.0% cap · market cap 8.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Butcher Tanning Salon (Bike/Boat/Book/etc) Store Pet Store Pet Store & 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.

Location Intelligence

Trade Area within ½ mile

802

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

Where is this quadplex located?

The property is located at 233235 233-235 Columbia St Hudson, NY.

What is the asking price?

The asking price for this property is $619,900.