Mixed-Use Building with
For Sale
$1,900,000
747 Columbia Street, Hudson, NY 12534
Two adjacent buildings offer a renovated restaurant with private dining plus studio and industrial-chic apartment units.
Property Size6,049 SF
Price / SF$314.10
Days on Market105
Property Features for 747 Columbia Street
General Information
Standard status
Active
Size
6,049 SF
Property subtype
Commercial
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$21,590
Amenities
Central air
Central Air Cooling
Ductless Cooling
Level
Subdivide Possible
Building Details
Year Built
1959
Listing Agency:
THE KINDERHOOK GROUP, INC.
(518) 751-4444
Listed By:
VICTOR MENDOLIA · License #10301213871
(518) 530-6417
Source:
Corcoran
Added: May 26
Changed: Aug 31
Last Checked: Sep 6 at 10:09AM
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 THE KINDERHOOK GROUP, INC.
Investment Insights
Based on property information with market context.
This offering includes two adjacent buildings on two parcels, sold together. The first building is a three-story structure currently housing Li'l Deb's Oasis, with a fully renovated studio apartment on the second-floor rear. The second floor above the restaurant operates as a private dining room, and the third floor provides an attic space that could be converted to a deluxe duplex apartment.
The second building is a former auto repair garage converted into The Mechanic Apartments, featuring two industrial-chic apartment units on the property known as 747 1/2 Columbia Street (also referenced as the rear). One unit is a 2-bedroom, 2-bath layout, and the other is a spacious, light-filled studio with a large skylight. 747 1/2 sits behind 747 down a small alley that is part of the parcels.
Parcel identifiers are provided as Parcel # 110.53-2-31.21 for 747 Columbia Street and Parcel # 110.53-2-31.22 for 747 1/2 Columbia Street (rear).
The second building is a former auto repair garage converted into The Mechanic Apartments, featuring two industrial-chic apartment units on the property known as 747 1/2 Columbia Street (also referenced as the rear). One unit is a 2-bedroom, 2-bath layout, and the other is a spacious, light-filled studio with a large skylight. 747 1/2 sits behind 747 down a small alley that is part of the parcels.
Parcel identifiers are provided as Parcel # 110.53-2-31.21 for 747 Columbia Street and Parcel # 110.53-2-31.22 for 747 1/2 Columbia Street (rear).
Key Highlights
- Two adjacent buildings on two parcels sold together: 747 Columbia St and 747 1/2 Columbia St (rear) with a small alley access behind 747
- 3‑story building at 747 Columbia St includes one fully renovated studio apartment on the second‑floor rear
- Second floor above the restaurant at 747 Columbia St is a private dining room, plus a third‑floor attic space
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
$87,802
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
4.62%
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%
$1,756,040
$1.8M
Cap Rate 7%
$1,254,314
$1.3M
Cap Rate 9%
$975,578
$975.6K
Market Conditions
NOI Build-Up for 6,049 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
$130.7K $21.60/SF
− Vacancy
−$13.6K −$2.25/SF
EGI
$117.1K $19.35/SF
− OpEx
−$29.3K −$4.84/SF
NOI
$87.8K $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%
$1,756,040
Cap Rate 7%
$1,254,314
Cap Rate 9%
$975,578
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,802 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,759 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
3,583 visits/mo
0.0 miles
Citgo
Shops & Services
2,286 visits/mo
0.0 miles
Berkshire Bank
Shops & Services
2,190 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two adjacent buildings offer a renovated restaurant with private dining plus studio and industrial-chic apartment units.
Where is this conventional restaurant located?
The property is located at 747 Columbia Street Hudson, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two adjacent buildings on two parcels sold together: 747 Columbia St and 747 1/2 Columbia St (rear) with a small alley access behind 747; 3‑story building at 747 Columbia St includes one fully renovated studio apartment on the second‑floor rear; Second floor above the restaurant at 747 Columbia St is a private dining room, plus a third‑floor attic space
