Inventory #

249

In the very center of Hudson's ongoing revival, the 5th block of Warren Street is the heart of this vibrant small city. 542 Warren Street is a large brick structure ready for use as offices but convertible to a hotel (plans are in hand), or apartments. The space is large and flexible.

The facts: 8036 sq feet (gross) on three floors (plus a basement office), on a wide lot (27.67' x 120') extending to convenient access of a rear alley. Bordering the property on the west side is an open pedestrian walkway giving access to the rear alley and public parking lot. One of the great values of this property is the entire west wall overlooking the pedestrian way has one or more windows for each room.

There is at the rear of the building parking for three cars accessed from the rear alley. There are rooms, 1 full bathrooms and two half bathrooms, one on each floor. There is room for 2000 sq feet of storage in the basement, and another near level 2500 sq feet on the roof, suitable for a lovely penthouse garden with wide views over the city and as far as the Catskill mountains.

As rented offices it is anticipated that the gross rent roll will be $79,800 (8 units at $600-1000/mo each) and net of taxes, insurance, and utilities, could yield approximately $51,000.

The building is in exceptional structural condition with updated electric and heating system. Almost all the rooms are ready for use. Bathrooms could be easily upgraded to current standards.

The building dates from about 1880 and in 1927 owners Barlow & Osborn  added a large portion to the rear and then renovated all spaces for offices which remain intact to this day.

The present owners have drawn plans for conversion to a hotel. Other uses are as apartments with 2 stores fronting on the street. The third floor has covered access to the nearly flat roof on which a garden deck could be placed, giving unparalleled views over the city and mountains beyond.

County:

Columbia

Address:

542 Warren Street

Town:

Hudson

School:

Hudson

Price:

$595,000

Sq Ft:

8036 gross sq ft

Lot Size:

27.67' x 120'

Year Built:

ca. 1880, 1927

Type:

Offices, store, apartments

Pool:

no

Fireplace:

no

Porch / Deck:

no

Views:

over city and to mountains

Zoning:

Commercial

Rooms all:

28

Bedrooms:

5

Bathrooms:

1 full, 4: 1/4

Other Buildings:

none. rear parking