Historic Mixed-Use
For Sale
$1,225,000
316 WARREN ST, Hudson, NY 12534
Two retail storefronts accompany an updated upper-level apartment with live/work flexibility and off-street parking.
Property Size3,000 SF
Price / SF$408.33
Days on Market157
Property Features for 316 WARREN ST
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,076
Amenities
off-street parking
large backyard
Heat Pump
3
0.07000000029802322
Historic Area, Downtown, City Road, Alley.
Building Details
Year Built
1850
Buildings
1
Stories
2
Construction
townhouse
Tenancy
Multi
Listing Agency:
Alan Weaver, Lic. RE Broker
(518) 653-9858
Listed By:
Alan Weaver · License #10371200348
Source:
Xome
Added: Mar 28
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 Alan Weaver, Lic. RE Broker
Investment Insights
Based on property information with market context.
Built in 1850, this mixed-use property combines two ground-floor retail storefronts with a 1,500-square-foot apartment on the second floor. The 3,000-square-foot building has undergone structural work, storefront heat-pump installation, bathroom upgrades, and improvements to both commercial and residential areas. The upper residence has also served as a live/work space.
The smaller storefront is occupied by Creme Studio, while the second retail space remains available for the next owner’s configuration. Hudson HPC-approved storefront renovation plans convey with the property. Additional site features include off-street parking and a large backyard in Hudson’s downtown historic area.
The smaller storefront is occupied by Creme Studio, while the second retail space remains available for the next owner’s configuration. Hudson HPC-approved storefront renovation plans convey with the property. Additional site features include off-street parking and a large backyard in Hudson’s downtown historic area.
Key Highlights
- 3,000‑square‑foot mixed‑use building constructed in 1850
- Two ground‑floor retail storefronts plus a 1,500‑square‑foot second‑floor apartment
- Smaller storefront is rented to Creme Studio
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
$37,908
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
3.09%
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%
$758,160
$758.2K
Cap Rate 7%
$541,543
$541.5K
Cap Rate 9%
$421,200
$421.2K
Market Conditions
NOI Build-Up for 3,000 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
$64.8K $21.60/SF
− Vacancy
−$14.3K −$4.75/SF
EGI
$50.5K $16.85/SF
− OpEx
−$12.6K −$4.21/SF
NOI
$37.9K $12.64/SF
Area
Columbia County, NY
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$758,160
Cap Rate 7%
$541,543
Cap Rate 9%
$421,200
Alternative Uses
Best Use
Office B
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$742.2K
$649.4K – $865.9K
NOI $51,955 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,154
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail storefronts accompany an updated upper-level apartment with live/work flexibility and off-street parking.
Where is this mixed-use property located?
The property is located at 316 WARREN ST Hudson, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 3,000‑square‑foot mixed‑use building constructed in 1850; Two ground‑floor retail storefronts plus a 1,500‑square‑foot second‑floor apartment; Smaller storefront is rented to Creme Studio
