524 Warren Street

Description

524 Warren Street, Hudson NY...one of the finest buildings on all of Warren, available for the first time in over 30 years. Built in the 1840s, the 3-story Cast Iron and Brick Italianate facade stands out for both its classic look and exceptional quality. This grand Italianate is very proudly distinct in its central Warren location: tall, rounded windows flooding the residential floors with light, cast iron pilasters proudly framing both the commercial and residential doorways, and intricately carved corbels above to match the pilaster motif below. Irreplaceable, and now available for the new owner to renovate and turn into an amazing home, business, and/or investment property. Before entering the roughly 2600 sf commercial space, you are flanked by two original floor-to-ceiling display windows offering one of the finest retail displays on the street. Coming into the retail space, you are immediately absorbed into its opulence- 17 foot ceilings height, original tin ceiling, and a gorgeous original clear-span hardwood floor. Given the square footage and the grandness of the space, this commercial floor would benefit and accommodate any business that sets up shop- restaurant, cafe, retail, architectural/professional offices to name a few... The residential entry leads to the original circular stairway. The 2nd floor has two bedrooms, an open kitchen and living room, all bathed in the sunlight from the tall, grand windows on Warren. Original marble fireplace and parquet strip floors define the living room. The third floor apartment has one bedroom & was most recently used as as a design studio; it is also bathed in light and has a sky light in the large bath. The third apartment is accessed via carriage house 2nd floor and is a large 1 bedroom. The building had a new roof put on in 2020, and due to negligence on the part of the roofer some water damage occurred. The owners have done a partial demo of the affected areas. The building is unoccupied except for the owners workshop on ground floor, giving the buyer an opportunity to rebuild and renovate according to their own taste & aesthetic. The Kicker: 524 Warren is in the Historic District and is eligible for both State and Federal Tax Credits , up to 50% of renovation expenses. It is also eligible for Opportunity Zone credits. Broker can advise buyers re contacts for tax credits.Rarely does a building of this caliber & historic significance come on the Hudson market!