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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).

Data Room Click Here to Access

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
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
  • Listing ID: 27896450

  • Date on Market: 2023-03-06

  • Last Updated:

  • Address: 25 Columbia Tpke, Hudson, NY 12534

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