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23 E Market Street, Red Hook, NY, 12571 | $1,599,000
This historic Red Hook landmark is a premier Hudson Valley investment - 23 E Market St. is a cornerstone property occupying a 1/4 acre in Red Hook Village's charming General Business District - a unique offering of nearly 10, 000 sq ft of versatile space that combines historic character with proven commercial viability. Charlie-O's restaurant, currently operating as Red Hook's go-to for a burger or wings, can accommodate 200+ patrons. Always meticulously kept, Charlie O's now features a new enclosed dining area and outdoor patio seating. This long-established business provides immediate income. In the building's historic Theatre, the original location of the Lyceum, architectural details transport you to a bygone era with pressed-tin ceilings, original wood floors, an elegant balcony and ornate chandeliers. With Dutchess County's reputation as a cultural destination, this space is primed for revival as a theater, but its versatility invites countless other possibilities: think apparel boutique, furniture showroom, yoga studio, event space or restaurant. Build a niche business that fits in with Red Hook's elevated agrarian vibe! Descend to the lower level and discover an authentic Prohibition-era speakeasy. This space accommodates 80 guests beneath original tin ceilings - drinks are served from a vintage bar. Brimming with character and history, this space is poised to become the upstate destination for craft cocktail enthusiasts, intimate performances, or exclusive events. Located in the heart of Red Hook, the property sits amid a mix of restaurants, shops, and local businesses. Ample municipal and street parking just steps away from the building's entrances ensure easy access for customers. This location offers proximity to Rhinebeck, Bard College, and the Taconic State Parkway, placing it just 2 hours from Manhattan. This investment combines commercial and residential potential with historic significance in one of the Hudson Valley's most appealing communities.
Features
- Property Type: Mixed Use
- Construction: Stone, Wood Siding
- Utilities: Cable Connected, Electricity Connected, Phone Connected, Propane, Sewer Connected, Trash Collection Private, Water Connected
- Parking: On Street, Open
- Levels: 3
- Heating: Electric, Forced Air, Heat Pump, Propane
- Cooling: Central Air, Ductless
- Year Built: 1900
- Acreage: 0.25
- Est. Taxes: $14,616
- Lot Desc: Historic District, Level, Near Public Transit, Paved
- Appliances: Dishwasher, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Gas Water Heater
- MLS#: 847790
- Days on Market: 15 days
- Website: https://www.raveis.com
/prop/847790/23emarketstreet_redhook_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
23 E Market Street, Red Hook, NY, 12571
$1,599,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,279,200 | $1,279,200 | $1,279,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
| Monthly Tax Payment | $1,218 | $1,218 | $1,218 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,263 | $8,191 | $10,881 |
| Total Monthly Payment | $8,606 | $9,534 | $12,224 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535