705 Warren Street

Description

Stunning live-work opportunity on prime Warren Street, overlooking the 7th St Park and fast-growing Upper Depot District. One of the very few fully renovated and modernized buildings of its kind, offering approx. 5,750 sf of finished space across 4 floors plus a basement. The spacious residential upper level extends over 3 floors covering approx. 2,800 sf of modern, light-filled contemporary living in the heart of thriving Hudson, NY. These floors are currently configured as a luxurious 3rd/4th floor 2-bedroom duplex for the owner, and a successful 2nd floor 2-bedroom rental/Airbnb apartment. Enjoy the income from the current layout or combine both apartments to create one of the grandest triplex apartments in Hudson. Both apartments have been completely remodeled, including a new sprinkler system in the 3rd and 4th floors and newly insulated roof, as well as new kitchens and bathrooms. The upper floors in particular enjoy fabulous Catskill / sunset views to the west, and the entire front-facing windows have unencumbered easterly views across the open grass and trees of the park, and it's soon to be renovated Fountain of Venus. The ground floor is currently a successful design showroom covering approx. 2,400 sf of open plan space, and a further approx. 500 sf used as a garage / storage space. The latter could easily be repurposed as art or design studios, or a workshop. The front of the showroom includes a full chef's kitchen, previously used for cooking classes, along with a large powder room, and an additional storage parlor. The rear of the showroom is flooded with light from both 2 large industrial steel-framed windows and 2 huge skylights added with the new roof in 2018. Moreover, an unfinished basement below offers an additional approx. 1,200 sf of storage. The live/work zoning of Warren Street allows flexibility of use and means an array of possibilities to transform the space's current retail footprint to bar/restaurant, gallery, maker space, or whatever your heart desires! The current owner has undertaken extensive renovations to the entire building over the last 10+ years to create its now pristine condition. Major improvements include, but are not limited to, all new electrical and plumbing, new Spilt units for AC and heating throughout, a new rear roof, new windows front and back in the apartments, new 3rd floor balcony, adding the sprinkler system to legalize the 4th floor (formerly attic), and most recently, a new GAF asphalt shingle main roof and brand new water heater. There is even a heated sidewalk to allow safe entry / exit during the depths of winter! Finally, structural steel was added early in the remodeling to create both the ground floor's open plan and to ensure a structural solidity to the entire building and the floors above; uncommon in a building of this age in Hudson. Warren Street is the main artery of the historic City of Hudson, where stunning town houses co-exist with architecturally significant mixed use (commercial / residential) buildings, exemplified by 705 Warren. This remarkable turnkey property sits in an enviable position. While close to great restaurants, boutique stores, galleries and the historic Park Theater, 705 also sits across the park from the fast-growing Upper Depot District which will be anchored by the soon to be opened Pocketbook Factory hotel and arts center. Hudson itself sits at the heart of the Hudson Valley, 2 hours by car or Amtrak from NYC