25 Columbia Tpk sold with 6 Carle Ave, Hudson | 25 Columbia Tpke
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25 Columbia Tpk sold with 6 Carle Ave, Hudson 25 Columbia Tpke
4 Unit Apartment Building $1,821,288 CAD ($455,322 CAD/Unit) 7.30% Cap Rate Hudson, NY 12534
Investment Highlights
- All Units have been fully and tastefully renovated (2021)
- Being sold with adjacent buildable vacant lot - Use for additional parking or new multi-family structure(s)
- All new electric, plumbing, water lines from street and roofs (both buildings)
Executive Summary
Turn-Key, Cash Flowing, Multi-Family Building w/ Additional Lot for Sale
All Units have been fully and tastefully renovated by the Master Builder/Owner (2021)
All new electric, plumbing, water lines from street and roofs (both buildings)
Being sold with additional adjacent vacant, buildable lot.
The builder of renowned NYC restaurants (Balthazar, Pastis, Diner, Marlow & Sons, Reynard and The Ides at the Wythe Hotel) presents this
turnkey Hudson 4-family, just minutes to Warren Street. The 4 completely renovated units include 2 separate buildings with 5 residential floors featuring new windows, appliances, updated baths and kitchens plus other upgrades. Off-street parking for 4 vehicles.
New renovations include new roof and electric service. - full renovation of three apartments in the main house with upgraded electric, plumbing, new bathrooms and kitchens. Washer/ dryers, and dishwashers in all units. New roofs on both houses with all new windows and insulation where possible. New water line from the street to the houses, as well as new water treatment system and new heating systems (except 3rd floor existing electric baseboards).
Full gut renovation of the rear carriage house which has been thoughtfully converted into a two-bedroom, loft-style, duplex apartment with a 2 bay garage.
True 7.3% cap rate. All units are separately metered with tenants paying utilities. Very low owner operating expenses.
Property being sold with adjacent buildable vacant lot at 6 Carle Avenue (additional 0.13 acres).Use it for additional parking, or additional new housing units (with approval).
All Units have been fully and tastefully renovated by the Master Builder/Owner (2021)
All new electric, plumbing, water lines from street and roofs (both buildings)
Being sold with additional adjacent vacant, buildable lot.
The builder of renowned NYC restaurants (Balthazar, Pastis, Diner, Marlow & Sons, Reynard and The Ides at the Wythe Hotel) presents this
turnkey Hudson 4-family, just minutes to Warren Street. The 4 completely renovated units include 2 separate buildings with 5 residential floors featuring new windows, appliances, updated baths and kitchens plus other upgrades. Off-street parking for 4 vehicles.
New renovations include new roof and electric service. - full renovation of three apartments in the main house with upgraded electric, plumbing, new bathrooms and kitchens. Washer/ dryers, and dishwashers in all units. New roofs on both houses with all new windows and insulation where possible. New water line from the street to the houses, as well as new water treatment system and new heating systems (except 3rd floor existing electric baseboards).
Full gut renovation of the rear carriage house which has been thoughtfully converted into a two-bedroom, loft-style, duplex apartment with a 2 bay garage.
True 7.3% cap rate. All units are separately metered with tenants paying utilities. Very low owner operating expenses.
Property being sold with adjacent buildable vacant lot at 6 Carle Avenue (additional 0.13 acres).Use it for additional parking, or additional new housing units (with approval).
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
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 (Actual - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $1,821,288 CAD | Apartment Style | Low Rise |
Price Per Unit | $455,322 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.28 AC |
Cap Rate | 7.30% | Building Size | 4,936 SF |
Gross Rent Multiplier | 11.88 | Average Occupancy | 100% |
No. Units | 4 | No. Stories | 3 |
Property Type | Multifamily | Year Built/Renovated | 1905/2021 |
Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
Price | $1,821,288 CAD |
Price Per Unit | $455,322 CAD |
Sale Type | Investment |
Cap Rate | 7.30% |
Gross Rent Multiplier | 11.88 |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.28 AC |
Building Size | 4,936 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built/Renovated | 1905/2021 |
Parking Ratio | 0.81/1,000 SF |
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Range
Site Amenities
- Vintage Building
- Storage Space
- Bicycle Storage
- Composting
- Fiber Optic Internet
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 3 | $3,621 CAD | 1,500 |
1+1 | 1 | $2,461 CAD | 700 |
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25 Columbia Tpk sold with 6 Carle Ave, Hudson | 25 Columbia Tpke
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