Overview
Mixed-Use Building Near Warren Street
This six-unit mixed-use building is located one block from Warren Street in Hudson, NY. The property includes Cafe Mutton, twice recognized by the James Beard Awards and by Bon Appetit magazine. The building has a yearly pro forma gross rent of 159,000 dollars, against yearly pro forma carrying charges (taxes, insurance, water and sewer) of less than 24,000 dollars. The one-bedroom apartment and the two-bedroom apartment are currently vacant. Cafe Mutton, MJ's Hair Studio, the art studio, and the smaller two-bedroom apartment are currently under lease to long-term tenants, subject to renewal options. All of the units have been renovated and are in excellent condition, preserving period details throughout. The apartments are bright and sunny, with two or three exposures and double-paned windows. Tenants are responsible for their own gas and electricity. The building owner pays a set fee quarterly for water and sewer for each of the two buildings. The vacant apartments are clean and move-in ready. The property at 45 8th Street is an industrial art studio with a full-sized roll-up garage door to the sidewalk, multiple skylights, a storage loft, a toilet and slop sink, and smoke and CO detectors. 47 8th Street/Apt. 2 is a one-bedroom duplex with one full bath with full-sized laundry plus a 1/2 bath, and smoke and CO detectors. 47 8th Street/Apt. 3 is a two-bedroom duplex with one bath plus a 1/2 bath with full-sized laundry, hardwood floors, and smoke and CO detectors. 49 8th Street/Apt. 1 is a two-bedroom duplex with one full bath with both tub and shower, a living room, a dining room, a breakfast nook with a bay window, a separate room with full-sized laundry, central air conditioning, hardwood floors, and smoke and CO detectors. 757 Columbia is Cafe Mutton with a 1/2 bath, a commercial kitchen with a code-compliant ventilation hood and fire suppression system, antique bay windows, a basement, central air conditioning, and smoke and CO detectors. 755 Columbia is MJ's Hair Studio with shampoo sinks, a 1/2 bath, a storage room, a storage closet, and central air conditioning. It is a separate building and separate tax lot from the addresses above. The property size is 7290 square feet.
