Red Hook Mixed-Use
7392 South Broadway, Red Hook, NY 12571
Unique mixed-use property in Red Hook's vibrant village.
Type:Commercial Sale / Other
Property size:
8,400 SFLot size:
1.25 AcresPrice / SF:
$213/SF- Added:
- Mar 30, 2025
- Days on Market:
- 428
- Last Refresh:
- Mar 13 at 4:31 pm
Property Features for 7392 South Broadway
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Lot size
- 1.25 Acres
- Property subtype
- Commercial Sale / Other
Building Details
- Year Built
- 1940
Listing agent Eliane M. Abramoff
Listing office NORTHERN DUTCHESS REALTY RH (917) 608-2680
Listing date Mar 30, 2025
Source Compass
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 NORTHERN DUTCHESS REALTY RH
HighLights
- Prime location in the Village of Red Hook with NMU zoning, allowing for diverse uses.
- Large 5200+ sqft building with 20'+ ceilings and an additional 3200 sqft full‑height lower level on 1.25 acres.
- Significant infrastructure upgrades recently completed by the current owner.
- Abundant rear parking, keeping the front facade uncluttered.
- Historic building ('The Soap Factory') with unique architectural features (U‑shape design, central courtyard).
- High‑visibility location on Route 9 (S Broadway) with sidewalks, ensuring foot traffic.
Overview
Located in the Village of Red Hook along the Rhinebeck/Hudson corridor, this property features a building with over 5200 square feet, 20-foot ceilings, and a 3200 square foot full-height lower level, situated on 1.25 acres. The NMU Zoning allows for various uses, including eateries, retail, housing, multi-family dwellings, offices, education, day-care, medical facilities, and general business. The U-shaped building, designed in the '40s by Eugene Callison for a soap factory, includes a central courtyard. The level property allows for further development or outdoor activities. Located on Route 9 (South Broadway), the property benefits from thoroughfare and sidewalk traffic, with rear parking available. Infrastructure upgrades have been implemented by the current owner. The property presents opportunities for unique endeavors and architectural and landscape expressions, including a village residence or studio. It is suited for creative and wise investors looking for growth in Red Hook.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.8k | $27.36 |
| − Vacancy | −$50.6k | −$6.02 |
| EGI | $179.3k | $21.34 |
| − OpEx | −$44.8k | −$5.34 |
| NOI | $134.4k | $16.01 |
8,400 SF · lease $27.36/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,447 @ 7.0% cap · market cap 7.49%
Second Best
Retail
$1.54M
$1.34M – $1.79M
NOI $107,478 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,998 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Ford Franklin
Alternative Medicine Practice
The ARTS Center of the Greater ...
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Red Hook
- County
- Dutchess
- State
- New York
- Longitude
- -73.879585
- Latitude
- 41.990416
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Unique mixed-use property in Red Hook's vibrant village.
Where is this mixed-use property located?
The property is located at 7392 South Broadway Red Hook, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Prime location in the Village of Red Hook with NMU zoning, allowing for diverse uses.; Large 5200+ sqft building with **20'+ ceilings** and an additional 3200 sqft full‑height lower level on 1.25 acres.; Significant infrastructure upgrades recently completed by the current owner.
