S Seventh Street & Cherry Aly
Hudson, NY 12534
7-9 S Seventh Street Hudson NY 12534 · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Next door to approved 50 room hotel
- Residential rentals doing $28k annual net operating income as-is.
- May qualify for historic preservation tax credits of up to 1/3 of construction costs.
- In Opportunity Zone
- Retail, commercial, residential or a combination are all allowed uses in this district.
- Steps away from Warren Street on an up & coming commercial side street.
Property Facts
| No. Units | 4 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 2,700 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1925/1980 |
| Zoning | CC - Central Commercial - In Hudson's Main Commercial District and Opportunity Zone. | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/1980 |
| Zoning | CC - Central Commercial - In Hudson's Main Commercial District and Opportunity Zone. |
Amenities
Unit Amenities
- Hardwood Floors
- Carpet
- Vinyl Flooring
Site Amenities
- Vintage Building
- Public Transportation
About S SEVENTH STREET & CHERRY ALY , HUDSON, NY 12534
Located in Opportunity Zone and directly behind a newly proposed 50 room hotel being developed in the former Home for the Aged. Situated at the corner of South 7th Street and Cherry Alley. Cherry Alley runs behind Warren Street and Union Street. The property currently houses four apartment units, all of which are paying below market rents. The property is in the CC (Central Commercial) district which allows for a great mix of commercial, professional and retail uses as well as residential. Less than 100 feet from what is most likely Hudson's busiest intersection, Warren Street and 7th Street. The property is literally steps away from Warren Street, Hudson's Public Square (aka 7th St Park), Rivertown Lodge and more. It is also across the street from Governor's Tavern This property is in Hudson's Historic District and may qualify for Historic Preservation Tax Credits of up to 1/3 of your construction cost and is also located in an Opportunity Zone which has even great benefits than a 1031K Exchange. - Properties purchased with or restored with capital gains and held for ten years or more, can have capital gains taxes completely eliminated (You MUST speak with you accountant to confirm if you and this property are eligible).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $855.00 | 675 |
Property Taxes
| Parcel Number | 100600-110-053-0001-039-000-0000 | Improvements Assessment | $810,000 |
| Land Assessment | $30,000 | Total Assessment | $840,000 |
Property Taxes
