Mixed-Use Property with Open
For Sale
$350,000
4 Delaware Ave, Hudson, NY 12534
Two levels offer adaptable work areas, residential features, and accessible entrances.
Property Size1,170 SF
Lot Size0.46 Acres
Price / SF$299.15
Days on Market29
Property Features for 4 Delaware Ave
General Information
Standard status
Active
Size
1,170 SF
Lot size
0.46 Acres
Property subtype
Multi-Family
Building Details
Year Built
1989
Buildings
1
Listing Agency:
Columbia County RE Specialist
(518) 697-9865
Listed By:
Margaret Bower Avenia · License #10491205337
Source:
Amodiorealestate
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 29 at 12:17PM
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 Columbia County RE Specialist
Investment Insights
Based on property information with market context.
Located at 4 Delaware Avenue in Hudson, this mixed-use property combines office, residential, and commercial zoning. The main floor provides an open arrangement with substantial window exposure, a kitchen with island, two bedrooms, one full bathroom, and additional area configured for office, living, and storage functions.
The 1,170-square-foot basement adds a reception area, office, and half-bathroom. The lower level most recently operated as a youth daycare for more than 10 years. Handicap-accessible entrances are positioned at the side and rear of the building. The 0.46-acre property boards Fairview Avenue within the Greenport/Hudson business district, near dental offices, shopping centers, supermarkets, restaurants, and other established amenities.
The 1,170-square-foot basement adds a reception area, office, and half-bathroom. The lower level most recently operated as a youth daycare for more than 10 years. Handicap-accessible entrances are positioned at the side and rear of the building. The 0.46-acre property boards Fairview Avenue within the Greenport/Hudson business district, near dental offices, shopping centers, supermarkets, restaurants, and other established amenities.
Key Highlights
- Mixed‑use zoning includes residential, office, and commercial classifications
- 1,170‑square‑foot basement with reception area, office, and half‑bathroom
- Main floor includes kitchen with island, two bedrooms, and one full bathroom
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
$14,784
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
4.22%
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%
$295,680
$295.7K
Cap Rate 7%
$211,200
$211.2K
Cap Rate 9%
$164,267
$164.3K
Market Conditions
NOI Build-Up for 1,170 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
$25.3K $21.60/SF
− Vacancy
−$5.6K −$4.75/SF
EGI
$19.7K $16.85/SF
− OpEx
−$4.9K −$4.21/SF
NOI
$14.8K $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%
$295,680
Cap Rate 7%
$211,200
Cap Rate 9%
$164,267
Alternative Uses
Best Use
Office B
$211.2K
$184.8K – $246.4K
NOI $14,784 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
180
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 levels offer adaptable work areas, residential features, and accessible entrances.
Where is this mixed-use property located?
The property is located at 4 Delaware Ave Hudson, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Mixed‑use zoning includes residential, office, and commercial classifications; 1,170‑square‑foot basement with reception area, office, and half‑bathroom; Main floor includes kitchen with island, two bedrooms, and one full bathroom
