1292 Route 22 Brewster, NY 10509
- Turn key restaurants
- 1,997 SF
- 3.50 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1292 Route 22
- Year built
- 1965
- Lot size
- 3.50 lot acres
- Property size
- 1,997 SF
- Zone code
- RC
- Property type
- Turn key restaurants
- APN
- 373089 57.-2-36
- APU
- 37308957236
Description
The Arch, established in 1978, presents a unique opportunity to acquire a thriving, high-end restaurant in Brewster, NY. This turnkey operation boasts a prime location on Route 22, just half a mile from the I-84/I-684 interchange and minutes from the new Restaurant Depot. The property itself is a beautifully landscaped 3.5-acre site featuring a charming Craftsman-style building originally constructed in 1929. The restaurant's interior is elegantly appointed, with multiple dining rooms accommodating 100 guests, a cozy bar, and a fieldstone fireplace creating a warm and inviting atmosphere. Outdoor terraced dining areas provide additional seating and capitalize on the stunning landscape lighting and gardens. The lower level includes a private office, dry storage pantry, and a spacious wine cellar. The Arch has a long-standing reputation for excellence, consistently receiving high ratings from the New York Times, Zagats Guide, and prominent social media platforms, and has been featured in numerous culinary publications. The restaurant enjoys a well-established clientele, including many A-list celebrities. The kitchen equipment is in mint condition, and the property is equipped with a 47 KW generator and an 8.5 GPM water system, ensuring reliable operation. This exceptional opportunity offers a blend of established success and significant potential for continued growth, located just 60 minutes north of New York City.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $600,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $695,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $690,000
- Mixed-Use
- $590,000
- Hospitality
- $585,000
- Educational
- $800,000
- Residential Income
- $645,000
- Energy
- $735,000
- Income-Based Land
- $785,000
- Food Service
- $585,000
Location Insight
- Map
- Local Demand
- City
- Brewster
- County
- Putnam
- State
- New York
- Longitude
- -73.5792
- Latitude
- 41.4071
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA