Financial
Distress signals
Property profile

7588 N Broadway Red Hook, NY 12571

FOR SALE
Turn key restaurants
Property ID
US63-3128116
1,959 SF 0.29 ac lot Built 1975
Last sale Jul 2024 · $550,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Restaurant property located at 7588 N Broadway in the Village of Red Hook, within the General Business District. The building was constructed in 1975 and has updates to the kitchen, bar, dining area, and mechanical systems. The interior layout connects customer seating and service areas with back-of-house operations, and includes a lower level with additional storage, a walk-in freezer, and a private office. On-site parking is provided for restaurant use. The property includes existing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2023$335k
Assessed land$67k
Assessed improvement$268k
Effective rate0.49%

Value estimate

· Sep 2026
$280k
$252k – $308k
AI approach$280k
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$2k
Operating expenses−$12k
NOI · 4.44% cap applied$35k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$284/SF
County average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$74 – $486

Cap rate analysis

How does the asset earn?
4.44%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GB
JurisdictionDUTCHESS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand index
Parking Facility10.3
Garden Center9.0
Laundry Service8.8

Location

7588 N Broadway Red Hook, NY 12571
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 10 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
7909 Albany Post, Red Hook, NY 12571-2148 $429,000 Jul 2020 3,590 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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