Warren Street Mixed-Use
For Sale
$995,000
Pending
434 Warren Street, Hudson, NY 12534
Mixed-use property with retail space and apartments in Hudson.
Property Size4,200 SF
Lot Size0.07 Acres
Days on Market317
Property Features for 434 Warren Street
General Information
Standard status
Pending
Size
4,200 SF
Lot size
0.07 Acres
Property subtype
Commercial
Building Details
Year Built
1880
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICE
(518) 758-1300
Listed By:
JOHN MURTHA
Source:
Corcoran
Added: Sep 26, 2025
Changed: Jul 10
Last Checked: Jul 23 at 10:00AM
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 BERKSHIRE HATHAWAY HOMESERVICE
Investment Insights
Based on property information with market context.
Located on Warren Street in Hudson, this mixed-use property features a commercial space and four apartments. The property is home to the Record Shoppe and includes four one-bedroom apartments. Three apartments and the commercial tenant are on yearly leases with less than 1 year remaining. One apartment is currently vacant. The building offers off-street parking for 5 vehicles in the rear and a shared washer and dryer for all apartments. The rubber roof was completed in 2024, and a heat pump was installed for the commercial space in 2023. The building exterior and common areas were painted in 2022. Apartment updates have been completed as vacancies occurred. The property size is 4200 square feet. This property is suitable for investors.
Key Highlights
- Prime location on Warren Street in the center of Hudson.
- Income‑generating property with a commercial tenant (Record Shoppe) and four apartments.
- High Net ROI at 8.
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
$44,206
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
4.44%
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%
$884,120
$884.1K
Cap Rate 7%
$631,514
$631.5K
Cap Rate 9%
$491,178
$491.2K
Market Conditions
NOI Build-Up for 4,200 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
$70.6K $16.80/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$63.2K $15.04/SF
− OpEx
−$18.9K −$4.51/SF
NOI
$44.2K $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%
$884,120
Cap Rate 7%
$631,514
Cap Rate 9%
$491,178
Alternative Uses
Best Use
Retail
$631.5K
$552.6K – $736.8K
NOI $44,206 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.2K – $1.21M
NOI $72,737 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
3,583 visits/mo
0.4 miles
Citgo
Shops & Services
2,286 visits/mo
0.3 miles
Berkshire Bank
Shops & Services
2,190 visits/mo
0.2 miles
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 - Mixed-use property with retail space and apartments in Hudson.
Where is this mixed-use property located?
The property is located at 434 Warren Street Hudson, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location on Warren Street in the center of Hudson.; Income‑generating property with a commercial tenant (Record Shoppe) and four apartments.; High Net ROI at 8.
