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Unique historic renovation opportunity in a prime Hudson, NY location. The JW Edmonds Volunteer firehouse, which once housed the oldest Volunteer Fire Company in New York State, is ready for a visionary purchaser who can reimagine its use and pay due homage to its historical roots.
Built in 1868, the Firehouse sits in an enviable position, overlooking the 7th Street Park in the heart of the fast growing 'Depot District'. Neighboring businesses include coffee houses, restaurants, craft breweries, cocktail bars, and Warren's Street's amazing retail. Moreover, the district has recently been energized by the opening of the 46-room Pocketbook hotel, hospitality and retail complex, and the completion of the 64-unit Hudson Depot Lofts residential and commercial development. The park itself, has recently been awarded a grant to renovate it, further adding to the attraction of the location.
This Hudson Historic District qualifies as an OPPORTUNITY ZONE and is eligible for FEDERAL AND NEW YORK STATE HISTORIC PRESERVATION TAX CREDITS. Being ZONED R-3, the Firehouse may be developed for commercial and/or residential usage, with flexibility to expand its existing footprint.
This all-brick Firehouse sits on three combined parcels of desirable Hudson real estate, allowing for expansion and parking at the rear. There are 2 separate ground floor bays with 12-foot ceilings whose overhead doors open to a direct view of the park. Upstairs are two grand meeting rooms with 13-foot ceilings also framing a beautiful view of the 7th Street Park. To ascend to the second floor there are two original chestnut spiral staircases. Attached to the back of the Firehouse, there is a sizable wooden addition and a lot that can accommodate off street parking for four cars. This lot can be accessed via the Alley. The reinforced steel and concrete basement was built to accommodate the transition from the horse-drawn fire carriages to the heavy fire engines of the modern era. The basement, as such, lends itself to the structural integrity and development potential of the buildout above.
This is the only remaining Two-Bay Firehouse in Hudson, offering close to 4000 sf to build in, plus floor expansion and roof rights. The basement provides additional square footage and was a social club back in the day. This Firehouse proudly represents Hudson's past, with a clean palette for the creative entrepreneur to reinvent timelessly into the future- nothing else compares to this golden opportunity in our happening city. Whether reimagined as retail, office, residential or restaurant, this proud building will be a key landmark as Hudson continues to set the bar for the future of the Hudson Valley!
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $915 | $915 | $915 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,880 | $6,389 | $8,896 |
| Total Monthly Payment | $6,920 | $7,429 | $9,936 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.