Multi-Building Apartment
For Sale
$1,588,000
7310-7314 S Broadway, Red Hook, NY 12571
Residential rentals, a commercial building, landscaped grounds, and paved parking create a varied property configuration.
Property Size6,502 SF
Days on Market48
Property Features for 7310-7314 S Broadway
General Information
Standard status
Active
Size
6,502 SF
Total Parking Spaces
25
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
Updating Needed
Units
Unit Mix
1 x 5BR/3BA, 2 x 2BR/1BA, 3 x 1BR/1BA, 1 x Studio/1BA
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$17,793
Building Details
Building Size
6,502 SF
Year Built
1880
Buildings
5
Units
8
Listing Agency:
BHHS Hudson Valley Properties
Listed By:
Gail M. Saucier
(917) 797-3568
Source:
Elliman
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 4 at 12:20PM
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 BHHS Hudson Valley Properties
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Investment Insights
Based on property information with market context.
The Court Yard is a multi-building apartment property comprising four residential rental buildings and one commercial building that requires updating. The main house includes 5 bedrooms, 3 baths, an office, and laundry space. Additional apartments include two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath unit, two additional 1-bedroom, 1-bath units, and a studio with 1 bath. The property was built in 1880 and includes new roofs and heating systems.
Set on a level, landscaped site of just under 3 acres, the property provides paved parking for 25 vehicles. The address is 7310-7314 S Broadway in Red Hook, NY 12571. Showings require an appointment and 48 hours’ minimum notice, with pre-approval or proof of funds required before scheduling.
Set on a level, landscaped site of just under 3 acres, the property provides paved parking for 25 vehicles. The address is 7310-7314 S Broadway in Red Hook, NY 12571. Showings require an appointment and 48 hours’ minimum notice, with pre-approval or proof of funds required before scheduling.
Key Highlights
- Four multifamily rental buildings plus one commercial building
- Main house includes 5 bedrooms, 3 baths, office, and laundry
- Unit mix includes 2‑bedroom, 1‑bedroom, and studio apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,703
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,060
$2.2M
Cap Rate 7%
$1,595,757
$1.6M
Cap Rate 9%
$1,241,144
$1.2M
Market Conditions
NOI Build-Up for 6,502 SF
Gross rent
$213.8K $32.88/SF
− Vacancy
−$10.7K −$1.64/SF
EGI
$203.1K $31.24/SF
− OpEx
−$91.4K −$14.06/SF
NOI
$111.7K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,060
Cap Rate 7%
$1,595,757
Cap Rate 9%
$1,241,144
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,703 @ 7.0% cap · market cap 7.03%
Second Best
Mixed Use
$1.13M
$987.5K – $1.32M
NOI $78,999 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,005 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
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Business Placement
Demographics for 12571, NY
9,600
Population
4,454
Households
2.2
Avg Household Size
47
Median Age
52%
College-Educated
95%
High-School Grad
58.1 sq mi
ZIP Area
165
Density / Sq Mi
$115,200
Median Household Income
$54,338
Median Earnings
$1,338
Median Rent
$386,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential rentals, a commercial building, landscaped grounds, and paved parking create a varied property configuration.
Where is this apartment building located?
The property is located at 7310-7314 S Broadway Red Hook, NY.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: Four multifamily rental buildings plus one commercial building; Main house includes 5 bedrooms, 3 baths, office, and laundry; Unit mix includes 2‑bedroom, 1‑bedroom, and studio apartments
