Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Yonkers Restaurant/Bar Business Opportunity Title is generated by Realmo AI

    13-15 Lockwood Ave, Yonkers, NY 10701

    View on Map
    Claim this Listing
    For Sale
    $284,500

    Commercial Business - Yonkers, NY

    Added:
    Oct 28, 2025
    Days on Market:
    201
    Last Refresh:
    May 16 at 2:06 pm

    Property Features for 13-15 Lockwood Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Kitchen
    Parking features
    Garage
    Basement Y/N
    1
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Abraham Mathew
    Abraham Mathew

    Listing agent Abraham Mathew

    Listing office CENTURY 21 DAWNS GOLD 646 TUCKAHOE RD, YONKERS, NY

    Listing date Oct 28, 2025

    MLS# 11597491 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location in the Bryn Mawr area.
    • Large dining area with 90‑person capacity and space for music/DJ.
    • Functional kitchen with 2 refrigerators and 2 commercial stoves with broilers.
    • Bar area with seating for approximately 20 people.
    • Additional smaller dining area with 30‑person capacity.
    • Includes basement for storage or other potential use.

    Overview

    This is a restaurant and bar business for sale located in the Bryn Mawr area of Yonkers, NY. The main dining area has a capacity of 90 people and includes space for music equipment. A smaller dining area accommodates 30 people. The property features a large bar with seating for approximately 20 patrons. The functional kitchen is equipped with 2 refrigerators and 2 commercial stoves with broilers. This commercial business is located at 13-15 Lockwood Ave, Yonkers, NY 10701, in Westchester County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Yonkers Social Lounge — 143 Lake Ave, Yonkers, NY 10703
    • Nahmias et Fils — 201 Saw Mill River Rd, Yonkers, NY 10701

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.875891
    Latitude
    40.94765

    Nearby Similar for Sale

    • $2,995,000
      15,470 SF

      Yonkers Commercial Property with Income

      Mixed-use property with multiple spaces and income potential.
      161 Saw Mill River Road, Yonkers, NY 10701
      View Details
    • $1,579,000
      7,398 SF

      Yonkers Multifamily Investment Opportunity

      Six-unit building in downtown Yonkers with upside potential.
      95 Buena Vista Avenue, Yonkers, NY 10701
      View Details
    • $1,579,000
      7,398 SF

      Yonkers Multifamily Value-Add Opportunity

      Six-unit multifamily building in downtown Yonkers with renovation upside.
      95 Buena Vista Avenue, Yonkers, NY 10701
      View Details
    • $1,399,000
      3,700 SF

      Yonkers Two-Family Brick Residence

      Spacious, renovated two-family home in Bryn Mawr, Yonkers.
      185 Bennett Avenue, Yonkers, NY 10701
      View Details
    • $1,295,000
      3,511 SF

      915 Palmer Road; Bronxville, NY 10708

      Four-story, 3,511 SF medical/professional office near transportation and hospital.
      915 Palmer Rd, Unit Bronxville, Bronxville, NY 10708
      View Details
    • $950,000

      Yonkers Victorian Triplex Opportunity

      Historic triplex with investment upside in Yonkers, New York.
      354 Palisade Avenue, Yonkers, NY 10703
      View Details
    • $739,999

      Two-Family Home in Yonkers

      Two-family home near Metro-North with income potential.
      187 Woodland Ave, Yonkers, NY 10703
      View Details
    • $739,000

      Two-Family Colonial in Yonkers

      Spacious two-family home with investment potential in Northwest Yonkers.
      699 Palisade Avenue, Yonkers, NY 10703
      View Details
    • $1,649,000

      Yonkers Multifamily Home with Office

      Legal two-family home with additional living spaces and office.
      86 Smart, Yonkers, NY 10704
      View Details
    • $1,100,000
      3,316 SF

      Yonkers Multi-Family Home with Lot

      Three-family home with additional lot and ample parking.
      125 Woodland Ave, Yonkers, NY 10703
      View Details
    • $899,000

      Yonkers Commercial Opportunity For Sale

      Commercial property with high visibility and parking in Yonkers, NY.
      2070 Central Park Avenue, Yonkers, NY 10710
      View Details
    • $779,000

      Two-Family Home Near Manhattan

      Charming two-family home in Yonkers, 25 minutes from Manhattan.
      75 Woodlawn Avenue, Yonkers, NY 10704
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Restaurant/Bar business for sale in the Bryn Mawr area.
    Where is this bar & pub located?
    The property is located at 13-15 Lockwood Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $284,500.
    What are key features of this property?
    This property features: High‑traffic location in the Bryn Mawr area.; Large dining area with 90‑person capacity and space for music/DJ.; Functional kitchen with 2 refrigerators and 2 commercial stoves with broilers.
    (914) 793-8800
    We can help!
    Listing Contact
    Abraham Mathew
    Abraham Mathew
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13-15 Lockwood Ave, Yonkers, NY 10701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!