Mixed-Use Property with Attached
For Sale
$345,000
401 Hudson Avenue, Mechanicville, NY 12118
Commercial Sale, Mechanicville, NY
Property Size1,784 SF
Lot Size0.41 Acres
Price / SF$193.39
Days on Market49
Property Features for 401 Hudson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
6
Parking features
Off Street
Patio and Porch features
Deck
Interior features
High Speed Internet, Paddle Fan, Solid Surface Counters, Vaulted Ceiling(s), Wall Paneling, Built-in Features, Ceramic Tile Bath, Crown Molding
Exterior features
Lighting
Basement
Full, Finished
Lot features
Private, Level, Landscaped
View
River
Elementary school
Stillwater
High school
Stillwater
Elementary school district
Stillwater
Middle school district
Stillwater
High school district
Stillwater
Directions
Hudson Avenue/NY Route 32
Standard status
Active
APN
415289 253.57-1-1
Size
1,784 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
3839
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Pellet Stove, Baseboard
Water source
Public
Water front features
Lake
Water front
1
Building Details
Year built
1956
Flooring type
Tile - Ceramic, Laminate, Hardwood
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Teri Kraszewski · License #10301218804
(518) 339-7614
Added: Aug 4
Changed: Sep 13
Last Checked: Sep 21 at 8:06PM
MLS# 202623202
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,784-square-foot attached commercial space with a three-bedroom ranch residence. The home includes hardwood flooring, an updated kitchen, an updated full bath, and a large living room with vaulted ceilings. The former flower shop provides dedicated business or creative workspace connected directly to the residence.
Set on 0.41 acres at 401 Hudson Avenue in Mechanicville, the property has off-street parking, a deck, public water, and a septic tank. A lake is included among the property's waterfront features. Built in 1956, the exterior has vinyl siding and the roof uses asphalt shingles.
Set on 0.41 acres at 401 Hudson Avenue in Mechanicville, the property has off-street parking, a deck, public water, and a septic tank. A lake is included among the property's waterfront features. Built in 1956, the exterior has vinyl siding and the roof uses asphalt shingles.
Key Highlights
- 1,784‑square‑foot mixed‑use property with attached commercial space and three‑bedroom ranch
- Former flower shop area connected to the residence
- Updated kitchen and full bath in the ranch home
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
$24,132
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
6.99%
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%
$482,640
$482.6K
Cap Rate 7%
$344,743
$344.7K
Cap Rate 9%
$268,133
$268.1K
Market Conditions
NOI Build-Up for 1,784 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
$38.5K $21.60/SF
− Vacancy
−$6.4K −$3.56/SF
EGI
$32.2K $18.04/SF
− OpEx
−$8.0K −$4.51/SF
NOI
$24.1K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
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%
$482,640
Cap Rate 7%
$344,743
Cap Rate 9%
$268,133
Alternative Uses
Best Use
Office B
$344.7K
$301.7K – $402.2K
NOI $24,132 @ 7.0% cap · market cap 6.99%
Second Best
Mixed Use
$309.7K
$271.0K – $361.3K
NOI $21,676 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$534.0K
$467.2K – $623.0K
NOI $37,378 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 12118, NY
16,618
Population
8,079
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
35.3 sq mi
ZIP Area
471
Density / Sq Mi
$91,182
Median Household Income
$54,079
Median Earnings
$1,105
Median Rent
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Attached commercial space and a three-bedroom ranch create a flexible live-work configuration with room for business or studio use.
Where is this mixed-use property located?
The property is located at 401 Hudson Avenue Mechanicville, NY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,784‑square‑foot mixed‑use property with attached commercial space and three‑bedroom ranch; Former flower shop area connected to the residence; Updated kitchen and full bath in the ranch home
