This is your chance to own an iconic historic building in the heart of downtown Red Hook. While the property currently houses a thriving, turnkey restaurant and the famous Charlie O's speakeasy, this is not a restaurant sale. The building itself is for sale, and the new owner has the flexibility to either continue the restaurant operation or repurpose the space for their own vision. Key Features: Building Details: The property includes a well-maintained restaurant and pub with a capacity of 200+ patrons, a newly added outdoor enclosed patio, and open-air courtyard dining. Iconic Speakeasy: Located on the lower level, this original Prohibition-era speakeasy retains a vintage charm with a classic bar, pressed tin ceilings, and a separate entrance. With a capacity for 80 guests, it's perfect for a piano bar, nightclub, or a unique new concept. Historic Theatre Space: The original section of the building was once the Lyceum movie theatre, featuring 20-foot ceilings and fantastic acoustics. Currently leased on a month-to-month basis, this area offers incredible flexibility for future use—ideal for arts, retail, warehouse or office space. Parking: With a 35-space parking variance and additional on- and off-street parking, parking will never be an issue for patrons or staff. Located in the bustling heart of Red Hook, this property is steeped in history and offers endless opportunities for creative redevelopment. Whether you choose to keep the existing businesses or transform the space to suit your needs, this is a must-see listing for investors, restaurateurs, or those looking to make their mark in a thriving market. Don’t miss out on owning a slice of Red Hook's history!
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$1,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,470 | $8,090 | $10,801 |
Total Monthly Payment | $7,595 | $8,215 | $10,926 |
* 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.