45-49 8th St - Storefront Retail/Residential FOR SALE


Hudson, NY 12534
$1,695,000 USD
518-758-6340
45-49 8th St, Hudson, NY for Sale
$1,695,000 USD
Storefront Retail/Residential - FOR SALE
1/61
null | 8% Cap Rate

NEW


45-49 8th St
Hudson, NY 12534


HIGHLIGHTS

  • Beautifully maintained
  • Bright, clean modern apartments
  • Mix of long term tenants and vacant apartments and art studio to maximize rental income

OVERVIEW

Six-unit mixed-use building at 8th & Columbia in Hudson NY This six-unit mixed-use building, located one block from Warren Street, is an absolute must see property for anyone interested in investing in Hudson, NY. Home of Cafe Mutton, twice recognized by the James Beard Awards, and by Bon Appetit magazine, this beautiful building boasts a yearly pro forma gross rent of $159,000, against yearly pro forma carrying costs (taxes, insurance, water & sewer) of less than $24,000. The art studio, one bedroom apartment, and the huge house-like two bedroom apartment are currently vacant. Cafe Mutton, M&J's Hair Studio, and the smaller two bedroom apartment are currently under lease (some with renewal options) to long term, responsible tenants. The purchase will be subject to these current leases. As the photographs clearly show, all of the units have been renovated and are in excellent condition. Period details have been preserved throughout. The apartments are bright and sunny, all with two or three exposures. All the apartments have double paned windows. Tenants pay for their own gas and electricity. The building owner pays a set fee quarterly for water & sewer for each of the two buildings. The vacant apartments are clean and move-in ready. Call today for an appointment and grab this extraordinary opportunity! Real Estate Sales Agent owned. 45 8th Street: industrial art studio with full-sized roll up garage door to the sidewalk, multiple skylights, storage loft, toilet and slop sink, sprinklered, smoke & CO detectors 47 8th Street/Apt. 2: one bedroom duplex with one full bath with full-sized laundry plus 1/2 bath, sprinklered, smoke & CO detectors 47 8th Street/Apt. 3: two bedroom duplex with one bath plus 1/2 bath with full-sized laundry, hardwood floors throughout, sprinklered, smoke & CO detectors 49 8th Street/Apt. 1: huge two bedroom duplex with one full bath with both tub and shower, living room, dining room, breakfast nook with bay window, separate room with full-sized laundry, central air conditioning, hardwood floors throughout, sprinklered, smoke & CO detectors 757 Columbia: Cafe Mutton with 1/2 bath, commercial kitchen with code compliant ventilation hood and fire suppression system, antique bay windows, basement, central air conditioning, sprinklered, smoke & CO detectors 755 Columbia: M&J's Hair Studio with shampoo sinks, 1/2 bath, storage room, storage closet, central air conditioning, separate building and separate tax lot from the addresses above.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

7

APN/PARCEL ID

100600-110-053-0002-027-000-0000

ASK ABOUT THIS PROPERTY

Kim VoltzAnderson Agency, IncMore Info
518-758-6340

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Kim VoltzAnderson Agency, IncMore Info
518-758-6340

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.