Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    234 W Market Street Red Hook, NY 12571

    View on Map
    Claim this Listing
    For Sale
    $1,450,000

    LAND - Red Hook, NY

    Lot size:
    164.59 Acres
    Added:
    Sep 28, 2025
    Days on Market:
    201
    Last Refresh:
    Apr 16 at 6:06 am

    Property Features for 234 W Market Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RD3
    Standard status
    Active
    Lot size
    164.59 Acres

    Taxes and HOA fees

    Tax Description
    unimproved land
    Tax Annual Amount
    29764

    We can help!

    Listing Contact
    Ellen Osgood
    Ellen Osgood

    Listing agent Ellen Osgood License #40OS1104662

    Listing office Coldwell Banker Village Green 11-13 Mill Hill Road, Kingston, NY

    Listing date Sep 28, 2025

    MLS# 20254687 Listing URL

    Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    164 Acres in Red Hook

    This extraordinary 164.59-acre parcel in Red Hook, NY, offers privacy, beauty, and convenience, located one mile from the heart of Red Hook Village. The mature, wooded landscape provides natural privacy with multiple secluded building sites suitable for a private estate or retreat. Zoned R3, the property features 682 feet of road frontage and easy access to the Taconic Parkway and Amtrak train station. The location is near Bard College and the Fisher Center for the Performing Arts, as well as the villages of Red Hook, Rhinebeck, and Tivoli, offering local shops, farmers markets, and farm-to-table dining. The property is just under two hours from New York City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Hook
    County
    Dutchess
    State
    New York
    Longitude
    -73.896677
    Latitude
    41.993898

    Nearby Similar for Sale

    • $799,000
      1,959 SF

      Updated Restaurant Space in Red Hook

      Turnkey restaurant opportunity in the heart of Red Hook.
      7588 N Broadway, Red Hook, NY 12571
      View Details
    • $49,999

      Wooded Land in Red Hook

      Acre of wooded land to build your dream home.
      Beaver Rd (Jackson Crs), Red Hook, NY 12571
      View Details
    • $799,000

      Red Hook Restaurant Opportunity

      Turnkey restaurant space in the heart of Red Hook.
      7588 N Broadway, Red Hook, NY 12571
      View Details
    • $875,000
      6,566 SF

      Turnkey Restaurant Opportunity

      High-visibility restaurant with event space and ample parking.
      7909 Albany Post Road, Red Hook, NY 12571
      View Details
    • $875,000
      6,994 SF

      Commercial Building on South Broadway

      6,994 SF commercial building with excellent visibility in Red Hook.
      7401 S Broadway, Red Hook, NY 12571
      View Details
    • $285,000

      Red Hook Wooded Acreage

      Private 5.7-acre wooded parcel near Red Hook Village.
      6 Estates Drive, Red Hook, NY 12571
      View Details
    • $280,000

      Scenic Acres in Red Hook

      7.74 acres to build your dream home.
      E Kerley Corners Road, Red Hook, NY 12571
      View Details
    • $1,100,000
      1,679 SF

      Historic Village Diner For Sale

      Turn-key diner with strong cash flow and historic significance.
      7550 N Broadway, Red Hook, NY 12571
      View Details
    • $1,795,000

      Historic Building in Red Hook Village

      Versatile mixed-use property with development potential in a prime location.
      7392 S Broadway, Red Hook, NY 12571
      View Details
    • $1,100,000

      Historic Village Diner For Sale

      Turnkey diner with strong financials in a high-visibility location.
      7550 N. Broadway, Red Hook, NY 12571
      View Details
    • $1,795,000
      8,400 SF

      Red Hook Mixed-Use Opportunity

      Unique mixed-use property in Red Hook's vibrant village.
      7392 South Broadway, Red Hook, NY 12571
      View Details
    • $1,100,000
      1,679 SF

      Historic Village Diner For Sale

      Turn-key diner with strong financials and historic significance.
      7550 North Broadway, Red Hook, NY 12571
      View Details

    FAQs

    What type of property is this?
    Land - Extraordinary 164-acre parcel offers unmatched privacy and beauty.
    Where is this land located?
    The property is located at 234 W Market Street Red Hook, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 164‑acre parcel offering unmatched privacy and beauty.; Multiple secluded building sites ideal for a private estate or retreat.; Conveniently located one mile from Red Hook Village.
    (845) 430-0700
    We can help!
    Listing Contact
    Ellen Osgood
    Ellen Osgood
    Real Estate License ID: 40OS1104662
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!