Two Hudson Buildings on the Auction Block

  |  April 9, 2014
518 washington st hudson ny

518 Washington Street, Hudson

We just read in the Register Star that the Hudson City Common Council is mulling over auctioning off two city-owned buildings: 405 Warren Street (GMAP), and 518 Washington Street (GMAP). Both are multifamily residences, and they are scheduled to go to auction on May 17, if the Common Council decides at the April 15 meeting that they will. The building at 405 Warren Street will be on the block with the bid starting at $314,108.89, while 518 Washington Street will start at the much more affordable $32,919.38. Apparently, there was some confusion about who owned 518 Washington until recently, when it was discovered that the city, indeed, owned the 6 bed/2 bath dwelling. Bidding for both buildings start below their market full value. gives 405 Warren Street a full market value of $382,000, nearly $6,800 more than the minimum bid. No big on that one. But Propertyshark also gives $158,000 as 518 Washington’s full market value, meaning that the minimum bid is about $125,000 less than market value. As quoted in the article, the $32,000 minimum bid is “the floor, not the ceiling,” said Common Council President Don Moore. While it seems likely that it will go for considerably more than that, the new owners will have to deal with one potential hassle: Eviction proceedings for the current tenants, who may be legally considered squatters.

We couldn’t find any photos of 405 Warren, but we did manage to Zillow up some for 518 Washington. The interior looks a bit rough.

518 washington st hudson ny2

518 washington st hudson ny3

In the interest of further edification, here’s more info:

405 Warren Street:

Beds: 8

Baths: 4

Square Feet: 4,500

Lot Size: .07 acres

Taxes: $12,033

518 Washington Street:

Beds: 6

Beds: 2

Square Feet: 2,382

Lot Size: .08 acres

Taxes: $4,977

About Kandy Harris

Kandy is a writer and musician/music teacher living in Saugerties, NY.

Read more from Kandy Harris

Read On, Reader...