Six-Unit Creekfront Apartment
New
For Sale
$575,000
970 U.S 9, Hudson, NY 12534
MULTI_FAMILY - Stick - Stockport, NY
Property Size4,788 SF
Lot Size1.60 Acres
Price / SF$120.09
Days on Market3
Property Features for 970 U.S 9
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
07
Zoning description
411 apartment
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Basement, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 3
Window features
Insulated Windows
Exterior features
Balcony, Private Entrance
Basement
Finished, Walk-Out Access, Sump Pump, Apartment
Appliances
Washer/Dryer, Free-Standing Refrigerator, Free-Standing Electric Range, Dishwasher, Built-In Electric Range
View
Water
Elementary school district
Ichabod Crane
Middle school district
Ichabod Crane
High school district
Ichabod Crane
Directions
From Hudson take U S Route 9 North to Stockport. Property is on the right side of the road about 3 parcels before the Columbiaville Bridge (which goes over the Stockport Creek). See For Sale sign!
Subdivision
Stockport
Standard status
Active
APN
81.4-1-4
Size
4,788 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Annual Amount
7006
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Water front features
Creek
Water front
1
Amenities
coin-operated washer and dryer
balcony
Building Details
Year built
1986
Floors in Building
2
Number of units
6
Flooring type
Carpet, Wood, Tile, Vinyl
Building materials
Frame, Vinyl Siding
Roof type
Asphalt
Architectural style
Stick
Listing Agency:
Cozzolino Real Estate Inc
(518) 392-9879
Listed By:
Terry Cozzolino
(518) 965-8370
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 1:06AM
MLS# 20264678
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This six-unit apartment building contains 4,788 square feet on 1.6 acres and was built in 1986. The units share a consistent layout with open kitchens, living rooms, bedrooms, two walk-in closets, private entrances, and balconies. The building has frame construction with vinyl siding, asphalt roofing, electric baseboard heat, and window-unit cooling. A basement laundry area includes coin-operated washers and dryers, while the paved off-street parking lot serves the property.
Located at 970 U.S. 9 in Stockport, the property includes frontage on Stockport Creek and is approximately 10 minutes from Hudson/Amtrak. Albany and Columbia County attractions are also accessible from the property. Tenants pay their own utilities, and the site is served by a septic tank with cable availability. Zoning is identified as 07.
Located at 970 U.S. 9 in Stockport, the property includes frontage on Stockport Creek and is approximately 10 minutes from Hudson/Amtrak. Albany and Columbia County attractions are also accessible from the property. Tenants pay their own utilities, and the site is served by a septic tank with cable availability. Zoning is identified as 07.
Key Highlights
- Six apartment units totaling 4,788 square feet
- 1.6‑acre property with frontage on Stockport Creek
- Fully occupied with tenants paying their own utilities
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
$45,031
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
7.83%
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%
$900,620
$900.6K
Cap Rate 7%
$643,300
$643.3K
Cap Rate 9%
$500,344
$500.3K
Market Conditions
NOI Build-Up for 4,788 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
$86.2K $18.00/SF
− Vacancy
−$4.3K −$0.90/SF
EGI
$81.9K $17.10/SF
− OpEx
−$36.8K −$7.69/SF
NOI
$45.0K $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 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%
$900,620
Cap Rate 7%
$643,300
Cap Rate 9%
$500,344
Alternative Uses
Best Use
Apartment 5plus
$643.3K
$562.9K – $750.5K
NOI $45,031 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,920 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
51
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with tenant-paid utilities, private entrances, and basement laundry facilities.
Where is this apartment building located?
The property is located at 970 U.S 9 Hudson, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Six apartment units totaling 4,788 square feet; 1.6‑acre property with frontage on Stockport Creek; Fully occupied with tenants paying their own utilities
