Retail Space in Hudson,
For Sale
Contact for pricing
167 Union Turnpike, Hudson, NY 12534
Charming retail space in a vibrant cultural hub.
Property Size1,925 SF
Price / SF$220.78
Days on Market824
Property Features for 167 Union Turnpike
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Retail
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License #NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: Jun 3, 2024
Changed: Aug 21
Last Checked: Aug 31 at 3:30AM
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 CR Properties Group LLC
Investment Insights
Based on property information with market context.
Located in Hudson, New York, a city on the east side of the Hudson River in Columbia County, this retail space benefits from its location approximately 120 miles north of New York City, 45 miles south of Albany, and 160 miles west of Boston. Hudson has transformed into a vibrant cultural hub with shops and art galleries. The city is a destination for weekend getaways from New York City, known for its scenic beauty, vibrant arts scene, and diverse dining options. The property offers 1925 square feet of retail space.
Key Highlights
- Located in Hudson, New York, a vibrant cultural hub with shops, art galleries, and diverse dining.
- Conveniently situated: 120 miles north of New York City, 45 miles south of Albany, and 160 miles west of Boston.
- Popular weekend getaway destination due to scenic beauty and a vibrant arts scene.
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
$20,261
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
4.77%
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%
$405,220
$405.2K
Cap Rate 7%
$289,443
$289.4K
Cap Rate 9%
$225,122
$225.1K
Market Conditions
NOI Build-Up for 1,925 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
$32.3K $16.80/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$28.9K $15.04/SF
− OpEx
−$8.7K −$4.51/SF
NOI
$20.3K $10.53/SF
Area
Columbia County, NY
Vacancy
10.50%
Lease Rate
$16.80 /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%
$405,220
Cap Rate 7%
$289,443
Cap Rate 9%
$225,122
Alternative Uses
Best Use
Retail
$289.4K
$253.3K – $337.7K
NOI $20,261 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.7K – $555.6K
NOI $33,338 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
952
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Charming retail space in a vibrant cultural hub.
Where is this retail space located?
The property is located at 167 Union Turnpike Hudson, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Located in Hudson, New York, a vibrant cultural hub with shops, art galleries, and diverse dining.; Conveniently situated: 120 miles north of New York City, 45 miles south of Albany, and 160 miles west of Boston.; Popular weekend getaway destination due to scenic beauty and a vibrant arts scene.
