8-Unit Apartment
For Sale
$995,000
50-56 Parkwood Boulevard, Hudson, NY 12534
Partially converted residential space pairs restored architectural details with substantial building-system updates.
Property Size3,925 SF
Price / SF$253.50
Days on Market76
Property Features for 50-56 Parkwood Boulevard
General Information
Standard status
Active
Size
3,925 SF
Property subtype
Commercial
Zoning
R2
Additional Details
Utilities to Site
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$6,049
Building Details
Building Size
3,925 SF
Year Built
1890
Buildings
1
Stories
3
Units
8
Construction
shingle style
Listing Agency:
KW MidHudson
Listed By:
Daphne Ciallela
(914) 962-0007
Source:
Croninreale
Added: Aug 11
Changed: Oct 23
Last Checked: Oct 23 at 3:59PM
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 KW MidHudson
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Investment Insights
Based on property information with market context.
Built in 1890, this R2-zoned apartment property is configured as a partially converted 8-unit building. Restored cedar-shake siding, a multi-gabled roof, original millwork, oak flooring, and multi-pane windows retain its historic character. Improvements include a replacement roof and gutters, a new boiler, 400-amp electrical service, a rebuilt front-porch foundation, and roughed-in bathrooms. A separate barn of approximately 520+/- sq. ft. adds additional enclosed space.
The property is a short walk from Warren Street and minutes from the Hudson River, restaurants, shops, and parks. Its current multifamily configuration and existing building features are complemented by a location near downtown Hudson.
The property is a short walk from Warren Street and minutes from the Hudson River, restaurants, shops, and parks. Its current multifamily configuration and existing building features are complemented by a location near downtown Hudson.
Key Highlights
- Partially converted 8‑unit apartment building
- R2 zoning
- 1890 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,915
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,300
$738.3K
Cap Rate 7%
$527,357
$527.4K
Cap Rate 9%
$410,167
$410.2K
Market Conditions
NOI Build-Up for 3,925 SF
Gross rent
$70.7K $18.00/SF
− Vacancy
−$3.5K −$0.90/SF
EGI
$67.1K $17.10/SF
− OpEx
−$30.2K −$7.69/SF
NOI
$36.9K $9.41/SF
Area
Columbia County, NY
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,300
Cap Rate 7%
$527,357
Cap Rate 9%
$410,167
Alternative Uses
Best Use
Apartment 5plus
$527.4K
$461.4K – $615.3K
NOI $36,915 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.1K
$849.7K – $1.13M
NOI $67,975 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
882
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Partially converted residential space pairs restored architectural details with substantial building-system updates.
Where is this apartment building located?
The property is located at 50-56 Parkwood Boulevard 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: Partially converted 8‑unit apartment building; R2 zoning; 1890 construction
