Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7385 Broadway Red Hook, NY 12571-1793

    • Investment properties
    • 3,840 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2025
    $995,000
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    5.1%
    Investment properties
    Location Intelligence
    Property ID
    US63-3827309
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Christoph K Jones / Physician
    • Helene H Brady / Physician
    • Marian A. McClellan, LCSW-R / Psychotherapist
    • Dr. Maureen Lynch-Rinaldi / Physician
    • Lauren Dierlam / Physician

    Property Details for 7385 Broadway

    Lot size
    0.32 lot acres
    Property size
    3,840 SF
    Zone code
    NMU
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    134801 6272-10-292549-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $915,000
      ML approach
      $905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $665,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $615,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Red Hook
    County
    Dutchess
    State
    New York
    Longitude
    -73.8807
    Latitude
    41.9905
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $2,515
    $68,900
    $445,600
    $514,500
    -
    $68,900
    $445,600
    $514,500

    Comparable in this City

    • Value Estimation by Request
      1,722 SF

      46 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,722 SF
      46 Market St, Red Hook, NY 12571-1511
      View Details
    • Value Estimation by Request
      1,250 SF

      62 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,250 SF
      62 Market St, Red Hook, NY 12571-1418
      View Details
    • Value Estimation by Request
      1,984 SF

      24 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,984 SF
      24 Market St, Red Hook, NY 12571-1411
      View Details
    • Value Estimation by Request
      3,524 SF

      7466 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,524 SF
      7466 Broadway, Red Hook, NY 12571-1718
      View Details
    • Value Estimation
      $575,000
      3,119 SF

      7537-7539 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,119 SF
      7537-7539 Broadway, Red Hook, NY 12571
      View Details
    • Value Estimation by Request
      5,320 SF

      23 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,320 SF
      23 Market St, Red Hook, NY 12571-1410
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Mixed-Use Building in Red Hook

      Unique mixed-use property in Red Hook with development potential.
      7392 S Broadway, Red Hook, NY 12571
      View Details
    • $810,000

      Red Hook Mixed-Use Property

      Three-unit mixed-use property in Red Hook, renovated in 2024.
      7476 S Broadway, Red Hook, NY 12571
      View Details
    • $425,000

      Red Hook Village Vintage Duplex

      Charming 2-unit property in the heart of Red Hook Village.
      16 Cherry St #1, Red Hook, NY 12571
      View Details
    • $1,795,000

      Historic Building in Red Hook Village

      Versatile mixed-use property with development potential in a prime location.
      7392 S Broadway, Red Hook, NY 12571
      View Details
    • $1,100,000

      Red Hook Specialty Property

      Specialty property available for sale in Red Hook, New York.
      7550 N Broadway, Red Hook, NY 12571
      View Details
    • $1,500,000

      Land For Sale

      Land available for sale.
      Feller Newmark Rd, Red Hook, NY 12571
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,990 SF

      Red Hook Commercial Space For Rent

      1,990 sq ft commercial space with private parking lot.
      7528 N Broadway, Red Hook, NY 12571
      View Details
    • $1,450 /Mo

      Office Space Available for Rent

      Office space available for rent with heating utilities included.
      3944 Route 9G, Red Hook, NY 12571
      View Details
    • $1,450 /Mo

      Red Hook Specialty Property

      Specialty property available for rent in Red Hook, NY.
      3944 North Rd North, Red Hook, NY 12571
      View Details
    • $1,250 /Mo

      Red Hook Village Commercial Space

      Renovated commercial space in historic Red Hook with high exposure.
      24 E Market St, Red Hook, NY 12571
      View Details
    • $2,600 /Mo
      9,600 SF

      Red Hook Office Suite Available

      Professionally managed office suite with high-end finishings and ample parking.
      17 Glen Pond Dr, Red Hook, NY 12571
      View Details
    • $19 SF/Yr
      9,652 SF

      Glen Pond Office Park Suites

      Red Hook Office Space Available
      17 Glen Pond Dr, Red Hook, NY 12571
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7385 Broadway
    Red Hook, NY 12571-1793
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!