725 – 729 Warren Street, Hudson, NY 12534 (MLS# 136852)
$1,950,000
Hudson, NY 12534
MLS# 136852
Status: Closed
8800 sqft
1 / 32
Property Description
The Diamond Building. An iconic mixed-use building in the heart of Hudson's thriving business district and Upstate's Downtown! Strategically located next to the Rivertown Lodge, this property consists of 3 lots, one of which is currently parking & shares its eastern border with the hotel. It can be built on or used for outdoor bar/dining, pool, etc. The layout of the Diamond Building consists of 11 apartments (3x2BR, 8x1BR) and 2 Warren Street commercial spaces. Current full tenancy and almost always a waiting list to get in; the owners of the building have renovated the apartments, refurbished the hallways, added new 2-level composite decks, and upgraded electrical and roof.This is currently the largest mixed-use and highestincome producing property being offered on Warren Street. It is a 6+% cap RoR & offers buyers options to further develop going forward; or just sit back and collect great income. Fantastic tenants make this an easy investment and a portfolio star!
Details
Contract Information
Current Price: $1,950,000
Original List Price: 1995000
Sold Price: $1,950,000
Status: Closed
Listing Contract Date: 2021-04-05
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Owner Name: Recast 725 Warren LLC
General Property Information
Living Area: 8800
Year Built: 1940
Lot Size Acres: 0.18
Flood Plain YN: No
Lot Size Dimensions: .18 a
Stories: 4
Sign On Property YN: No
Disclaimer: Information not guaranteed.
List Price/SqFt: 226.7
Sold Price/SqFt: 221.59
Remarks and Miscellaneous
CGR Public Historical Remarks: Bedrooms: 14, FIPS Code: 21, Full Bathrooms: 11, Green Features: No, Half Bathrooms: 2, Lease Type: Net, Parking: Yes, Quarter Bathrooms: 0, Special Conditions: None/Unknown, Sprinkler: Yes, Year Built Exception: 0
Public Remarks: The Diamond Building. An iconic mixed-use building in the heart of Hudson's thriving business district and Upstate's Downtown! Strategically located next to the Rivertown Lodge, this property consists of 3 lots, one of which is currently parking & shares its eastern border with the hotel. It can be built on or used for outdoor bar/dining, pool, etc. The layout of the Diamond Building consists of 11 apartments (3x2BR, 8x1BR) and 2 Warren Street commercial spaces. Current full tenancy and almost always a waiting list to get in; the owners of the building have renovated the apartments, refurbished the hallways, added new 2-level composite decks, and upgraded electrical and roof.This is currently the largest mixed-use and highestincome producing property being offered on Warren Street. It is a 6+% cap RoR & offers buyers options to further develop going forward; or just sit back and collect great income. Fantastic tenants make this an easy investment and a portfolio star!
Status Change Information
Major Change Timestamp: 2021-08-13T20:51:29Z
Major Change Type: Status Change
Status Change Timestamp: 2021-08-13
Purchase Contract Date: 2021-06-24
Close Date: 2021-08-13
Close Price: 1950000
Concessions: No
Buyer Financing: Conventional
Location Tax and Legal
Street Number: 725 - 729
Street Name: Warren
Street Suffix: Street
County: Columbia
State: NY
Zip Code: 12534
Town (Taxable): Hudson
Property Features
Appliances: Gas Water Heater; Water Heater
Construction Materials: Block; Brick; Frame
Current Use: Commercial; Mixed Use
Electric: 200+ Amp Service
Foundation Details: Block; Concrete Perimeter; Stone
Heating: Natural Gas; Radiant Floor
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Rolled/Hot Mop
Sewer: Public Sewer
Water Source: Public
Listing Courtesy of Tri Hudson Realty, LLC
Listing Agent: Robert Huston