Mixed-Use Building with Rear
For Sale
$675,000
744 WARREN ST, Hudson, NY 12534
Historic circa 1908 mixed-use building with two street entrances, open ground floor, and a rear lot with off-street parking.
Property Size4,225 SF
Price / SF$159.76
Days on Market84
Property Features for 744 WARREN ST
General Information
Standard status
Active
Size
4,225 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$12,918
Amenities
3
Parking.
4 Parking Spaces. Off Street, On Street.
Mountain, City
In City.
Building Details
Year Built
1908
Listing Agency:
Houlihan Lawrence, Inc
(518) 822-0300
Listed By:
Anthony Dargenzio
(518) 821-0826
Source:
Xome
Added: Jun 13
Changed: Sep 1
Last Checked: Sep 4 at 3:01AM
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 Houlihan Lawrence, Inc
Investment Insights
Based on property information with market context.
The Bellwether Building is a circa 1908 mixed-use property with a historic facade, original staircase and banister preserved, and a ground floor that has been fully opened following a 2025 fire and subsequent gut renovation. The ground level features two separate entrances facing Warren Street, with the left entry set between two large street-level windows and an uninterrupted space running from front to back. The right entrance leads to the original staircase, while the second and third floors provide generous, uninterrupted spaces with large bay windows overlooking Warren Street, with salvaged original radiators remaining in the building.
A wide rear lot extends the property and includes off-street parking and substantial open space. The property is served by city water, electricity, and gas. The provided zoning information indicates the lot can accommodate a commercial kitchen addition, carriage house, garage, additional residential units, and outdoor dining, among other possibilities.
As part of the renovation, there is currently no electrical, plumbing, or HVAC in place. The rubber roof is about eight years old, and the rear portion of the building has been rebuilt with new framing, new windows, a new and reinforced foundation, and a new door. This reset condition supports tailoring finishes, layout, and systems to a buyer’s next chapter for the building and its rear-lot development opportunities.
A wide rear lot extends the property and includes off-street parking and substantial open space. The property is served by city water, electricity, and gas. The provided zoning information indicates the lot can accommodate a commercial kitchen addition, carriage house, garage, additional residential units, and outdoor dining, among other possibilities.
As part of the renovation, there is currently no electrical, plumbing, or HVAC in place. The rubber roof is about eight years old, and the rear portion of the building has been rebuilt with new framing, new windows, a new and reinforced foundation, and a new door. This reset condition supports tailoring finishes, layout, and systems to a buyer’s next chapter for the building and its rear-lot development opportunities.
Key Highlights
- Circa 1908 mixed‑use building with historic facade intact and original staircase/bannister preserved
- Two separate entrances face Warren Street, with an open front‑to‑back ground floor ready for a new layout
- Back lot offers off‑street parking (4 parking spaces) plus substantial open space for expansion or additions
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
$61,327
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
9.09%
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%
$1,226,540
$1.2M
Cap Rate 7%
$876,100
$876.1K
Cap Rate 9%
$681,411
$681.4K
Market Conditions
NOI Build-Up for 4,225 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
$91.3K $21.60/SF
− Vacancy
−$9.5K −$2.25/SF
EGI
$81.8K $19.35/SF
− OpEx
−$20.4K −$4.84/SF
NOI
$61.3K $14.52/SF
Area
Columbia County, NY
Vacancy
10.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,226,540
Cap Rate 7%
$876,100
Cap Rate 9%
$681,411
Alternative Uses
Best Use
Specialty Retail
$876.1K
$766.6K – $1.02M
NOI $61,327 @ 7.0% cap · market cap 9.09%
Second Best
Office B
$762.7K
$667.3K – $889.8K
NOI $53,387 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.05M
$914.6K – $1.22M
NOI $73,170 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic circa 1908 mixed-use building with two street entrances, open ground floor, and a rear lot with off-street parking.
Where is this conventional restaurant located?
The property is located at 744 WARREN ST Hudson, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Circa 1908 mixed‑use building with historic facade intact and original staircase/bannister preserved; Two separate entrances face Warren Street, with an open front‑to‑back ground floor ready for a new layout; Back lot offers off‑street parking (4 parking spaces) plus substantial open space for expansion or additions
