1292 Route 22Brewster, NY 10509

Property Details for 1292 Route 22

Year built

1965

Lot size

3.50 AC

Property size (Sq ft)

1,997 SF

Zone code

RC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

373089 57.-2-36

APU

37308957236

Description

The Arch, established in 1978, presents a unique opportunity to acquire a thriving, high-end restaurant in Brewster, NY. This turnkey operation boasts a prime location on Route 22, just half a mile from the I-84/I-684 interchange and minutes from the new Restaurant Depot. The property itself is a beautifully landscaped 3.5-acre site featuring a charming Craftsman-style building originally constructed in 1929. The restaurant's interior is elegantly appointed, with multiple dining rooms accommodating 100 guests, a cozy bar, and a fieldstone fireplace creating a warm and inviting atmosphere. Outdoor terraced dining areas provide additional seating and capitalize on the stunning landscape lighting and gardens. The lower level includes a private office, dry storage pantry, and a spacious wine cellar. The Arch has a long-standing reputation for excellence, consistently receiving high ratings from the New York Times, Zagats Guide, and prominent social media platforms, and has been featured in numerous culinary publications. The restaurant enjoys a well-established clientele, including many A-list celebrities. The kitchen equipment is in mint condition, and the property is equipped with a 47 KW generator and an 8.5 GPM water system, ensuring reliable operation. This exceptional opportunity offers a blend of established success and significant potential for continued growth, located just 60 minutes north of New York City.

• CAP approach

  CAP return

  Valuation

  6%

  $485,341

  6.5%

  $448,007

  7%

  $416,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $657,539

  Geo Method

  $657,539

• Alternative Use

  Use

  Valuation

  Residential

  $377,910

  Hospitality

  $346,164

  Educational

  $288,004

  Medical

  $297,909

  Retail

  $448,007

Location Insight

City

Brewster

County

Putnam

State

New York

Latitude

41.4071

Longitude

-73.5792

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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