A local well known landmark, the Historic Village Diner is being offered for sale for the first time in over 40 years. An original Silk-City Diner, built in the 1927 in Patterson NJ, it has the distinction of being a prime example of early-twentieth century American roadside architecture. It's one of few that are left intact in the US. After years of catering to locals and travelers alike, the Historic Village Diner was moved to its current location in the 50s. The Diner thrives because it is a community-oriented restaurant and focal point for local nostalgia. This is an American icon and the first diner to be placed on the National Register of Historic Places in New York State and the 4th in the country. The sale is turn-key and includes the business with furnishings and fixtures, the original 1927 Silk City Diner, attached kitchen with storage, walk-in refrigerator and freezer, basement with office, private parking lot with about 18 spaces and the real estate. Very well maintained, high traffic area, just a short drive off the Taconic State Parkway, it is always buzzing and a favorite to all who pass through its doors. With Bard College & the Fischer Center just minutes down the road, there are always a turn over of weekenders and passerby's alike. The Diner is also just a short drive from the renowned Dutchess County Fairgrounds in Rhinebeck, NY, which boasts events more than half the year. Featured in numerous local and national publications, chef/owner participated in the Food Network show Chopped and the Transatlantic Diner show, setting for TV shoots, commercials. movies, etc. Very strong numbers with an excellent cash flow and there's room for growth. Continually stayed opened and fully staffed during COVID. Awaiting connection to the newly expanded municipal sewer system. Financials available with a signed NDA for serious qualified buyers only. This could be your chance to own a piece of Americana and become a part of a vibrant community that is rich in history with deep growing roots. , BusIncld: Yes, Current Use: DINER, Number of Restrooms: 2
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.987% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,376 | $5,833 | $7,908 |
Total Monthly Payment | $5,501 | $5,958 | $8,033 |
* 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.