Vacant Multifamily Property with
For Sale
$899,000
54 Hudson Avenue, Haverstraw, NY 10927
Residential units span a primary structure and detached rear cottage, with flexible occupancy and leasing possibilities.
Property Size3,889 SF
Days on Market38
Property Features for 54 Hudson Avenue
General Information
Standard status
Active
Size
3,889 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 4BR, 1 x 3BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$33,785
Amenities
wrap-around deck
rear deck
Building Details
Building Size
3,889 SF
Year Built
1928
Units
4
Listing Agency:
Keller Williams Valley Realty
(347) 675-5497
Listed By:
Avraham Z. Weinberger
(347) 675-5497
Source:
Cohenandcohenrealty
Added: Jul 14
Changed: Aug 20
Last Checked: Aug 20 at 1:23PM
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 Keller Williams Valley Realty
Investment Insights
Based on property information with market context.
This four-family residential property includes three apartments in the main building and a separate cottage at the rear. The primary structure contains a 2-bedroom first-floor apartment, a 4-bedroom second-floor apartment, and a 3-bedroom third-floor apartment. The cottage provides an additional self-contained residential unit. All four units are vacant, allowing the next owner to determine occupancy, leasing, or renovation plans. Built in 1928, the property also includes a wrap-around deck, rear deck, and level grounds.
The property is positioned near shops, transportation, parks, and village amenities in Haverstraw. Its combination of multiple residential units, varied bedroom counts, and a detached dwelling creates a flexible multifamily configuration for future use.
The property is positioned near shops, transportation, parks, and village amenities in Haverstraw. Its combination of multiple residential units, varied bedroom counts, and a detached dwelling creates a flexible multifamily configuration for future use.
Key Highlights
- Four‑family property with three apartments in the main building and one detached rear cottage
- Unit mix includes 2‑bedroom, 4‑bedroom, and 3‑bedroom apartments, plus a self‑contained cottage unit
- All four units are currently vacant
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
$68,724
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
7.64%
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%
$1,374,480
$1.4M
Cap Rate 7%
$981,771
$981.8K
Cap Rate 9%
$763,600
$763.6K
Market Conditions
NOI Build-Up for 3,889 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
$105.0K $27.00/SF
− Vacancy
−$6.8K −$1.76/SF
EGI
$98.2K $25.25/SF
− OpEx
−$29.5K −$7.57/SF
NOI
$68.7K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /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%
$1,374,480
Cap Rate 7%
$981,771
Cap Rate 9%
$763,600
Alternative Uses
Best Use
Multifamily LT 5
$981.8K
$859.1K – $1.15M
NOI $68,724 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$910.5K
$796.7K – $1.06M
NOI $63,733 @ 7.0% cap · market cap 7.09%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,993 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 10927, NY
12,323
Population
4,180
Households
2.9
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
2.0 sq mi
ZIP Area
6,162
Density / Sq Mi
$67,447
Median Household Income
$35,950
Median Earnings
$1,741
Median Rent
$361,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units span a primary structure and detached rear cottage, with flexible occupancy and leasing possibilities.
Where is this multifamily property located?
The property is located at 54 Hudson Avenue Haverstraw, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑family property with three apartments in the main building and one detached rear cottage; Unit mix includes 2‑bedroom, 4‑bedroom, and 3‑bedroom apartments, plus a self‑contained cottage unit; All four units are currently vacant
