Mixed-Use Building Near Warren
45-49 8th Street, Hudson, NY 12534
Six-unit mixed-use building near Warren Street in Hudson, NY.
Type:Commercial
Property size:
7,290 SFLot size:
0.07 AcresPrice / SF:
$218/SF- Added:
- Jul 24, 2025
- Days on Market:
- 316
- Last Refresh:
- May 11 at 2:06 am
Property Features for 45-49 8th Street
General Information
- Standard status
- Active
- Size
- 7,290 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1844
Listing agent WILLIAM JACKSON
Listing office ANDERSON AGENCY (518) 758-6340
Listing date Jul 24, 2025
Source Corcoran
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 ANDERSON AGENCY
HighLights
- High Income Potential: Pro forma gross rent of $159,000 against carrying charges of less than $24,000.
- Prime Location: Located one block from Warren Street in Hudson, NY.
- Established Commercial Tenant: Home to Cafe Mutton, a James Beard Award‑recognized restaurant.
- Renovated Units: All units have been renovated and are in excellent condition, preserving period details.
- Move‑in Ready Vacancies: One‑bedroom and large two‑bedroom apartments are currently vacant and ready for immediate occupancy.
- Mixed‑Use Building: Includes residential apartments and commercial spaces, offering diverse income streams.
Overview
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.5k | $21.60 |
| − Vacancy | −$16.4k | −$2.25 |
| EGI | $141.1k | $19.35 |
| − OpEx | −$35.3k | −$4.84 |
| NOI | $105.8k | $14.52 |
7,290 SF · lease $21.60/SF/yr · vacancy 10.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,816 @ 7.0% cap · market cap 6.63%
Second Best
Retail
$1.10M
$959.1K – $1.28M
NOI $76,729 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,251 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Hudson
- County
- Columbia
- State
- New York
- Longitude
- -73.7804
- Latitude
- 42.2471
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Six-unit mixed-use building near Warren Street in Hudson, NY.
Where is this mixed-use property located?
The property is located at 45-49 8th Street Hudson, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: High Income Potential: Pro forma gross rent of $159,000 against carrying charges of less than $24,000.; Prime Location: Located one block from Warren Street in Hudson, NY.; Established Commercial Tenant: Home to Cafe Mutton, a James Beard Award‑recognized restaurant.
