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    22 Garden St Rhinebeck, NY 12572

    Sponsored
    For Sale
    $195,000

    Upscale restaurant, fully equipped, established clientele

    Property size:
    3,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This 3,120 square foot, upscale restaurant in Rhinebeck, NY is a turnkey operation, ready for immediate ownership. Located at 22 Garden St, this single-unit establishment boasts a seating capacity of up to 88 during peak season (60 in winter, expandable with existing infrastructure for five heated outdoor tents). The property, built in 1960 and extensively renovated in 2020, features a high-powered kitchen with 14 burner tops, salamander broiler, two conventional ovens, two convection ovens, and a high-temperature dish machine. A large basement includes dedicated walk-in coolers for food and beverages, multiple freezers, a new pebble ice machine, a prep kitchen, pantry, and ample storage. The sale includes 85% of the equipment (mostly from 2019, some under warranty), ample backup supplies, POS systems, iPads, printers, and all intellectual property (social media, branding, website). The current lease, with a 3% annual rent bump, expires November 30, 2023, but a five-year renewal option is available. The owner is offering assistance with the transition, including relationships with suppliers and potentially the current chef. This is a rare opportunity to acquire a thriving, well-established restaurant with a strong reputation and all the necessary infrastructure for immediate success. The lot size is 3,120 square feet, and the asking price is $195,000 ($62.50/sq ft). The property is zoned commercial.

    Property Features for 22 Garden St

    General Information

    Property type
    Restaurants
    Square Feet
    3,120 SF

    Building Details

    Year Built/Renovated
    1960/2020
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Bryn Bahnatka
    Bryn Bahnatka

    Learn more

    HighLights

    • Turnkey upscale restaurant in Rhinebeck, NY, ready for immediate ownership.
    • 3,120 square foot building with seating for 88 (peak season), expandable to accommodate five heated outdoor tents.
    • High‑powered kitchen with 14 burner tops, salamander broiler, two conventional ovens, two convection ovens, and a high‑temperature dish machine.
    • Large basement with walk‑in coolers, freezers, prep kitchen, pantry, and ample storage.
    • Includes 85% of equipment (mostly from 2019, some under warranty), POS systems, iPads, printers, and all intellectual property.
    • Current lease expires November 30, 2023, with a five‑year renewal option; seller will assist with transition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bia Restaurant Osaka Japanese Restaurant Japanese Restaurant Steven Siegel Social Worker C & M Holdings ... Holding Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rhinebeck
    County
    Dutchess
    State
    New York
    Longitude
    -73.913749999431
    Latitude
    41.928025132938

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    FAQs

    What type of property is this?
    Restaurant - Upscale restaurant, fully equipped, established clientele
    Where is this restaurant located?
    The property is located at 22 Garden St Rhinebeck, NY.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Turnkey upscale restaurant in Rhinebeck, NY, ready for immediate ownership.; 3,120 square foot building with seating for 88 (peak season), expandable to accommodate five heated outdoor tents.; High-powered kitchen with 14 burner tops, salamander broiler, two conventional ovens, two convection ovens, and a high-temperature dish machine.
    Request Owner's contact information
    22 Garden St Rhinebeck, NY 12572
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    Rhinebeck, NY 12572
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    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
    22 Garden St Rhinebeck, NY 12572
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    We can help!
    Listing Contact
    Bryn Bahnatka
    Bryn Bahnatka
    Real Estate License ID: NY 10401323902
    Learn more
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