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State Street - 8 Unit Apartment House 514 State St 8 Unit Apartment Building $2,675,400 CAD ($334,425 CAD/Unit) 7.62% Cap Rate Hudson, NY 12534
INVESTMENT HIGHLIGHTS
- Great Community of Tenants
- Renovated Barn - Art Studio with Sauna in Rear
- Assumable mortgage at TD Bank at 4.09 APR.
- Recently Renovated Building with Modern Appliances, Finishes, and HVAC
EXECUTIVE SUMMARY
Fully Renovated Apartment House with six three-bedroom apartments and one one-bedroom unit. The three-bedroom units have one larger bedroom with two smaller bedrooms or offices. The one-bedroom apartment in the basement level, which is above grade in the rear. The renovated barn, in the rear of the building is currently rented as art studio space, brings the total rentable units to eight.
Classic styling in an amenity-rich building. Each unit includes a full kitchen with a dishwasher, tiled bath, outdoor balcony, central air conditioning and heat, original details, and restored hardwood floors. Keyless building entry, exterior security cameras, bike storage, off-street parking for four vehicles adding another revenue stream. There is a high-efficiency laundry room in the basement level. Tenants pay electric and gas. Landlord covers trash and snow removal, water & sewer.
Rent roll and income & expenses available on request. Assumable mortgage at TD Bank at 4.09 APR.
Classic styling in an amenity-rich building. Each unit includes a full kitchen with a dishwasher, tiled bath, outdoor balcony, central air conditioning and heat, original details, and restored hardwood floors. Keyless building entry, exterior security cameras, bike storage, off-street parking for four vehicles adding another revenue stream. There is a high-efficiency laundry room in the basement level. Tenants pay electric and gas. Landlord covers trash and snow removal, water & sewer.
Rent roll and income & expenses available on request. Assumable mortgage at TD Bank at 4.09 APR.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,675,400 CAD | Building Class | C |
| Price Per Unit | $334,425 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 6,892 SF |
| Cap Rate | 7.62% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.2 | No. Stories | 3 |
| No. Units | 8 | Year Built/Renovated | 1964/2023 |
| Property Type | Multifamily | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R2H - One and Two-Family Residential - Conditional Office District | ||
| Price | $2,675,400 CAD |
| Price Per Unit | $334,425 CAD |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,892 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 0.58/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2H - One and Two-Family Residential - Conditional Office District |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Wi-Fi
- Yard
- Basement
- Double Pane Windows
- Linen Closet
- Office
- Smoke Free
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
- Sauna
- Gas Range
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Wi-Fi
- Storage Space
- Private Bathroom
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | $3,104 CAD | 950 |
| 1+1 | 1 | $2,607 CAD | 570 |
| Studios | 1 | $548.80 CAD | 620 |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 100600-110-045-0002-069-000-0000 | Total Assessment | $617,400 CAD (2024) |
| Land Assessment | $18,522 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $598,878 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
100600-110-045-0002-069-000-0000
Land Assessment
$18,522 CAD (2024)
Improvements Assessment
$598,878 CAD (2024)
Total Assessment
$617,400 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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State Street - 8 Unit Apartment House | 514 State St
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