Renovated Restaurant with Event
For Sale
$875,000
7909 Albany Post Road, Red Hook, NY 12571
Restaurant property with multiple dining areas, outdoor seating, a bar, commercial kitchen, and R1.5 zoning.
Property Size6,566 SF
Days on Market78
Property Features for 7909 Albany Post Road
General Information
Standard status
Active
Size
6,566 SF
Property subtype
Commercial
Zoning
R1.5
Additional Details
Highway Access
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$8,460
Amenities
event pavilion
Building Details
Building Size
6,566 SF
Buildings
1
Units
1
Listing Agency:
I Realty LLC
(845) 744-3365
Listed By:
Sehid Mujovic · License #10491203635
(845) 744-3365
Source:
Mydreamhomerealty
Added: Jun 13
Changed: Aug 28
Last Checked: Aug 28 at 11:28AM
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 I Realty LLC
Investment Insights
Based on property information with market context.
Located at 7909 Albany Post Road in Red Hook, this conventional restaurant property is configured for food service, beverage service, dining, and events. The building includes multiple dining areas, exterior dining, a substantial bar area, a commercial kitchen, and two bathrooms.
An event pavilion supports corporate and private functions, while the site also includes a large parking area and features suited to catering operations. The property has undergone a complete renovation with additional upgrades, creating a refreshed restaurant facility with a broad range of existing improvements. Zoning is R1.5.
An event pavilion supports corporate and private functions, while the site also includes a large parking area and features suited to catering operations. The property has undergone a complete renovation with additional upgrades, creating a refreshed restaurant facility with a broad range of existing improvements. Zoning is R1.5.
Key Highlights
- Fully renovated restaurant building with additional upgrades
- Multiple interior dining areas plus exterior dining
- Event pavilion for corporate and private events
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,180
$812.2K
Cap Rate 7%
$580,129
$580.1K
Cap Rate 9%
$451,211
$451.2K
Market Conditions
NOI Build-Up for 6,566 SF
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.
Gross rent
$62.2K $9.48/SF
− Vacancy
−$4.2K −$0.64/SF
EGI
$58.0K $8.84/SF
− OpEx
−$17.4K −$2.65/SF
NOI
$40.6K $6.18/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,180
Cap Rate 7%
$580,129
Cap Rate 9%
$451,211
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,885 @ 7.0% cap · market cap 13.59%
Second Best
Industrial
$580.1K
$507.6K – $676.8K
NOI $40,609 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,354 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with multiple dining areas, outdoor seating, a bar, commercial kitchen, and R1.5 zoning.
Where is this conventional restaurant located?
The property is located at 7909 Albany Post Road Red Hook, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully renovated restaurant building with additional upgrades; Multiple interior dining areas plus exterior dining; Event pavilion for corporate and private events
