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45-49 8th St 5,587 SF 100% Leased Retail Building Hudson, NY 12534 $1,695,000 ($303.38/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Beautifully maintained
- Mix of long term tenants and vacant apartments and art studio to maximize rental income
- Bright, clean modern apartments
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,587 SF
Building Class
C
Year Built
1954
Price
$1,695,000
Price Per SF
$303.38
Cap Rate
8%
NOI
$135,600
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.12
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
7 - Commercial
Frontage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 100600-110-053-0002-027-000-0000 | Total Assessment | $500,000 (2024) |
| Land Assessment | $9,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $491,000 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
100600-110-053-0002-027-000-0000
Land Assessment
$9,000 (2024)
Improvements Assessment
$491,000 (2024)
Total Assessment
$500,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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45-49 8th St
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