7550 N Broadway, Red Hook, NY 12571
Dutchess County
Key Facts
Description
The Historic Village Diner is a recognized local landmark that has operated continuously for over 40 years. Built in Paterson, New Jersey in 1927, this original Silk City Diner is a notable example of early twentieth-century American roadside architecture. It was the first diner in New York State and the fourth in the country to be listed on the National Register of Historic Places. Being offered as a turnkey sale, the offering includes the business, furnishings, fixtures, equipment, and real estate. The attached kitchen features generous storage, a walk-in refrigerator and freezer, large basement for storage and office space, and a private parking lot with 18 spaces. Seating for 70 includes a separate dining room. Positioned in the center of the village, the location offers convenient access to the Taconic State Parkway and is moments from Rhinebeck, Kingston, and Bard College. Nearby destinations include the Omega Institute for Holistic Studies, Old Rhinebeck Aerodrome, the Dutchess County Fairgrounds, and popular Hudson Valley attractions that draw visitors throughout the year. Surrounded by farm markets, orchards, hiking trails, and the cultural energy of nearby river towns, the setting benefits from both local traffic and a steady stream of weekend and seasonal visitors. The diner has been featured in local and national publications, on Food Network, the Transatlantic Diner series, television productions, and commercial shoots. With strong cash flow, established operations, and room for future growth, this is an opportunity to take the reins of a recognized destination and make it your own. The property offers continued potential along with recent improvements including connection to the newly expanded sewer district, a new HVAC system, and updated compressors. A nationally recognized historic diner with decades of operating history and a prominent presence within the community.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1927
Living Area
1,679 sq ft
Lot Size
0.23 acres
Parking Spaces
18
Days on Market
1
MLS® Listing#
1001189
Property Features
Cooling
Heating
Basement
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$8,356
Assessed Value
$368,800
Affordability Calculator
$185,000
Estimated monthly payment
$4,923/mo
Principal $740,000 · Est. interest $1,032,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Red Hook, NY
- $800,000
- Median Listing Price
- 54
- Median Days on Market
- 2,146
- Median Sq Ft
- $396
- Median Price / Sq Ft
- 26
- Active Listings
- This home’s price is 16% above the area median.
- Its price per sq ft is 39% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Red Hook, NY.
Location
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Points of Interest in Red Hook, NY
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15 Meadow Drive, Red Hook, NY | $699,000 | 3 | 3 | 2,146 |
| 176 Williams Road, Red Hook, NY | $699,900 | 4 | 3 | 1,882 |
| 128 Sawmill Road, Red Hook, NY | $749,000 | 3 | 2 | 1,590 |
| 25 Maple Hill Ridge, Red Hook, NY | $795,000 | 3 | 3 | 2,445 |
| 153 Near Road, Red Hook, NY | $799,000 | 3 | 2 | 1,648 |
| 7588 N Broadway, Red Hook, NY | $799,000 | — | — | 1,959 |
Moving Cost Estimate
EXIT Agents in Red Hook
Listing Courtesy: Houlihan Lawrence Inc. - 8458764443
Presented by: Karen Volino
Fair Housing Notice