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

    7550 N Broadway Red Hook, NY 12571

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Turnkey diner with strong financials in a high-visibility location.

    Type:Commercial
    Lot size:
    0.23 Acres
    Added:
    Apr 3, 2025
    Days on Market:
    384
    Last Refresh:
    Apr 5 at 9:03 pm

    Property Features for 7550 N Broadway

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1927

    We can help!

    Listing Contact
    KAREN VOLINO
    KAREN VOLINO

    Listing agent KAREN VOLINO

    Listing office HOULIHAN LAWRENCE INC.

    Listing date Apr 3, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of HOULIHAN LAWRENCE INC.

    Overview

    Historic Village Diner For Sale

    This turnkey sale includes the business, furnishings, and fixtures. The attached kitchen is fully equipped, featuring ample storage, a walk-in refrigerator and freezer. The property also includes a basement with an office and a private parking lot with 18 spaces. The diner seats up to 70 guests, including a separate dining room. Located in the heart of the village, this high-visibility spot is just minutes from the Taconic Parkway, Kingston, Rhinebeck, Bard College, parks, and other regional attractions. The Historic Village Diner has been featured on the Food Network, the Transatlantic Diner show, and in numerous national publications, TV shoots, and commercials. Recent upgrades include a connection to the newly expanded sewer district, a new HVAC system, and new compressors. This presents an opportunity to own a piece of Americana and become part of a vibrant, history-rich community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Historic Village Diner Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    • The Red Hook Diner — 7329 S Broadway, Red Hook, NY 12571
    • Bagel Shoppe — 174 NY-199, Red Hook, NY 12571

    Location Insight

    • Map
    • Local Demand
    City
    Red Hook
    County
    Dutchess
    State
    New York
    Longitude
    -73.8739
    Latitude
    41.9963

    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
    • $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
    • $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
      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
    • $810,000

      Red Hook Mixed-Use Property

      Three-unit mixed-use property in Red Hook, renovated in 2024.
      7476 S Broadway, Red Hook, NY 12571
      View Details
    • $1,795,000

      Historic Mixed-Use Building in Red Hook

      Unique mixed-use property in Red Hook with development potential.
      7392 S Broadway, Red Hook, NY 12571
      View Details
    • $2,450,000
      33,500 SF

      Industrial Property with Redevelopment Potential

      33,500 SF industrial property on 8.5 acres for sale.
      15 - 45 Ocallaghan Ln, Red Hook, NY
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Turnkey diner with strong financials in a high-visibility location.
    Where is this breakfast & diner located?
    The property is located at 7550 N Broadway Red Hook, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Turnkey business sale including business, furnishings, and fixtures for a seamless transition.; **Strong financials, steady cash flow, and room for growth represent an exceptional investment opportunity.**; High‑visibility location in the heart of the village, minutes from Taconic Parkway, Kingston, Rhinebeck, Bard College, and other attractions.
    (845) 876-4443
    We can help!
    Listing Contact
    KAREN VOLINO
    KAREN VOLINO
    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!