




4 Central Avenue, Ravena, NY, 12143
About This Home
Live. Work. Create. A Rare Live/Work Opportunity in the Hudson Valley Some buildings simply offer space. Others offer possibility. Hidden behind the façade of this former commercial building is something increasingly difficult to find in today's Hudson Valley--a place where generous studio space and comfortable living quarters exist under one roof. As creative space becomes more scarce and traditional lofts continue to shrink in both size and affordability, artists, designers, photographers, makers, and entrepreneurs are looking beyond the region's best-known towns to places where scale, flexibility, and value still come together. Encompassing approximately 4,350 square feet, the building is divided between a 2,100-square-foot residential wing and a 2,250-square-foot studio. Expansive storefront windows naturally light the studio, while 12-foot ceilings and a professionally installed lighting grid create an inspiring setting for painting, photography, design, or any practice that benefits from generous volume and light. Outside, the approximately 2,000-square-foot side yard extends the property's possibilities, offering space for gardens, outdoor projects, entertaining, or future improvements. This property was thoughtfully reimagined as a live/work environment, with architectural plans that were previously approved by the Town of Ravena. While a future owner would need to resubmit plans for approval based on their intended use, the existing plans provide a valuable starting point for bringing that concept to life. While the building is not move-in-ready, much of the infrastructure has already been completed, allowing the next owner to focus on shaping the space to suit their own needs. Ravena offers the practicality of a full-service village with the space and affordability that have become increasingly difficult to find elsewhere in the Hudson Valley. Everyday conveniences are all nearby, while the Hudson River waterfront park and public boat launch provide easy access to the river. Located just off Route 9W with immediate access to the New York State Thruway (I-87), the property is convenient to Albany, Hudson, Catskill, and Kingston, placing many of the Hudson Valley's most celebrated destinations comfortably within reach while offering the breathing room that those communities increasingly cannot. Whether you're relocating from New York City, expanding your practice, or simply looking for a place where life and work can exist seamlessly together, this property offers a rare chance to create something distinctly your own.
Getting Around
Schools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Mixed Use
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 4,361
Interior Area
- Total structure area: 4,361
- Total interior livable area: 4,361 sqft
Property
Details
- Parcel number: 01240116804000010120000000
- Zoning: R2
- Zoning description: R2 residential zoning The town previously signed off on Live/Work conversion.
Features
- Levels: One
- Fencing: Wood
Lot
- Lot size: 0.26 Acres
Parking
- Parking features: Paved,Parking Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,401 | $28,812 |
| Home Insurance * | $215 | $2,580 |
| Property Taxes | $672 | $8,064 |
| Electricity | $720 | $8,648 |
| Total | $4,008 | $48,096 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-07 | Listed for sale | $475,000 |
