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    609 Warren St, Unit 1 Hudson, NY 12534
    Property profile & analytics

    609 Warren St, Unit 1, Hudson, NY 12534

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    • Investment properties
    • 9,300 SF
    • 0.07 lot acres
    For Lease
    $2,300/Mo
    View Listing →
    Renovated Studio/Office Space on Warren For Lease
    $2,300/Mo
    1,180 SF

    Renovated Studio/Office Space on Warren

    Bright, versatile studio/office space with modern finishes and excellent natural light.

    609 Warren Street #1, Hudson, NY 12534
    View Listing
    Property ID
    US63-3109171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Le Gamin Country / Restaurant
    • Turley Gallery / Art Gallery

    Property Details for 609 Warren St

    Year built
    1959
    Lot size
    0.07 lot acres
    Zone code
    CC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    100600 110.53-3-31
    APU
    10060011053331

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 3, 2023 $90,000 601 Wales Avenue Corp Laura D Battle Deed —
    — — Christopher Kenall — Deed Of Trust · related $100k · Hudson River Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Columbia
    State
    New York
    Longitude
    -73.7844
    Latitude
    42.2476
    CBSA code
    26460
    CBSA name
    HUDSON, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $36,000
    $864,000
    $900,000
    -
    $46,154
    $1,107,692
    $1,153,846

    Comparable in this City

    • Value Estimation
      $765,000
      5,404 SF

      511 Warren St

      OFFICE/RESIDENTIAL (MIXED USE)
      511 Warren St, Hudson, NY 12534-2892
      View Details
    • Value Estimation
      $795,000
      5,022 SF

      721 Warren St

      OFFICE/RESIDENTIAL (MIXED USE)
      721 Warren St, Hudson, NY 12534-3080
      View Details
    • Value Estimation by Request
      2,576 SF

      117 Warren St

      OFFICE/RESIDENTIAL (MIXED USE)
      117 Warren St, Hudson, NY 12534-3118
      View Details
    • Value Estimation
      $745,000
      5,250 SF

      341 Warren St

      OFFICE/RESIDENTIAL (MIXED USE)
      341 Warren St, Hudson, NY 12534-2437
      View Details
    • Value Estimation by Request
      1,324 SF

      969 Columbia St

      OFFICE/RESIDENTIAL (MIXED USE)
      969 Columbia St, Hudson, NY 12534-2625
      View Details
    • Value Estimation by Request
      2,132 SF

      203 Grn St

      OFFICE/RESIDENTIAL (MIXED USE)
      203 Grn St, Hudson, NY 12534-2703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,750 SF

      Warren Street Live-Work Opportunity

      Renovated mixed-use building with residential and commercial spaces.
      705 Warren St, Hudson, NY 12534
      View Details
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      1,500 SF

      Historic Mixed-Use Building on Warren

      Mixed-use building with retail storefronts and residential apartment.
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      Hudson Development Site on Warren

      Prime development opportunity in the heart of Hudson's Warren Street.
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      Restored Brick Townhouse on Warren

      Restored 1900 brick townhouse with income potential in Hudson, NY.
      362 Warren St, Hudson, NY 12534
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    • Contact for pricing
      4,200 SF

      Warren Street Mixed-Use Property

      Mixed-use property with retail space and apartments in Hudson.
      434 Warren St, Hudson, NY 12534
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    Similar Nearby for Lease

    • New
      $2,350 /Mo
      22,568 SF

      Iconic Mixed-Use Building

      Iconic mixed-use building offering multiple commercial and residential units in a single asset.
      21 Greene St, Hudson, NY 12534
      View Details
    • $2,100 /Mo
      22,568 SF

      Mixed-Use Building in Hudson, NY

      Mixed-use building with commercial and residential units for rent.
      21 Greene St, Hudson, NY 12534
      View Details
    • $1,950 /Mo
      845 SF

      Renovated Studio/Office Space on Warren

      Bright, versatile studio/office space with modern finishes and natural light.
      609 Warren St, Hudson, NY 12534
      View Details
    • Contact for pricing
      3,816 SF

      Retail Space in Hudson, NY

      Retail space available for lease in Hudson, New York.
      424 Fairview Ave, Hudson, NY 12534
      View Details
    • Contact for pricing
      30,000 SF

      Hudson Retail Space Available

      30,000 square foot retail property in Hudson, New York.
      488 Fairview Ave, Hudson, NY 12534
      View Details
    • Contact for pricing
      55,417 SF

      Grocery Box Retail Space

      55,417 SF retail space with loading doors for lease.
      70 Healy Blvd, Hudson, NY 12534
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    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      2.2k
    • Avg Time on site
      18 min
    View Listing
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    Hudson, NY 12534
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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