7550 N Broadway, Red Hook, NY, 12571 | $925,000

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.

Features

  • Property Type: Business
  • Construction: Unknown
  • Utilities: Sewer Connected, Water Connected
  • Parking: 18-car
  • Heating: Hot Air, Oil
  • Cooling: Central Air
  • Year Built: 1927
  • Acreage: 0.23
  • Est. Taxes: $8,356
  • School District: Red Hook
  • MLS#: 1001189
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1001189/7550nbroadway_redhook_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Houlihan Lawrence Inc.   Phone: 845-876-4443

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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7550 N Broadway, Red Hook, NY, 12571

$925,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $740,000 $740,000 $740,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.361% 6.183%
Monthly Tax Payment $696 $696 $696
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,202 $4,556 $6,245
Total Monthly Payment $4,990 $5,344 $7,033

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.