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4 Central Avenue, Ravena, NY, 12143

1beds
2baths
4,361sqft
$475,000
$109price/sqft
$4,008/moest. monthly cost
$160,320/yrincome needed

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

50
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

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

Flood
Severe Storm

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

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$215$2,580
Property Taxes $672$8,064
Electricity $720$8,648
Total$4,008$48,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,417/yr
40% on housing$120,240/yr
45% on housing$106,880/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: -5.7%
-5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -4.0%
-4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$109This listing

vs Other Active Listings

Avg $/sqft

ZIP 12143$147
Albany County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 12143$157
Albany County$223

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

DateEventPrice
2026-07-07Listed for sale$475,000

For Sale by Agent

AgentJames Billingsley
BrokerageHalter Associates Realty

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