164 Hudson St | Cornwall-on-Hudson, NY 12520
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- LoopNet Team
164 Hudson St
Cornwall-on-Hudson, NY 12520
Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- Fully occupied 3-building portfolio with high-end amenities in a prime location with views of the Hudson river and Storm King Mountain
- Value-add opportunity at 5.36% cap rate
- Very well maintained with significant upgrades
- Diverse and therefore stable and secure portfolio suitable for any budget demands
- A flexible rent structure provides a buyer the opportunity to renew or re-tenant at higher rental rates, which will increase the cap rate for addition
- Partial or short-term seller financing is available
PROPERTY FACTS
| No. Units | 17 | Building Size | 11,875 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1930/2009 |
| Building Class | C | Parking Ratio | 2.11/1,000 SF |
| Lot Size | 2.00 AC | ||
| Zoning | Suburban Residential - Suburban Residential | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 11,875 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2009 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | Suburban Residential - Suburban Residential |
AMENITIES
UNIT AMENITIES
- Storage Space
- Washer/Dryer
- Hardwood Floors
- Views
- Yard
- Basement
- Deck
- Lawn
- Porch
SITE AMENITIES
- Gas Range
- Laundry Service
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $1,200 | 250 - 300 |
| 1+1 | 8 | $1,350 | 350 - 450 |
| 2+1 | 5 | $1,638 | 500 - 700 |
| 3+4 | 1 | $5,625 | 3,650 |
PROPERTY TAXES
| Parcel Number | 332401-104-000-0002-006.200-0000 | Improvements Assessment | $1,057,800 |
| Land Assessment | $229,600 | Total Assessment | $1,287,400 |
PROPERTY TAXES
Parcel Number
332401-104-000-0002-006.200-0000
Land Assessment
$229,600
Improvements Assessment
$1,057,800
Total Assessment
$1,287,400
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