Corner Brick Restaurant and Bar
130 E 1st Street Mount Vernon, NY 10550
130 E 1st Street, Mount Vernon, NY, 10550
$865,000
For Sale
$865,000
MULTI_FAMILY - Mount Vernon, NY
Property Size3,000 SF
Lot Size0.03 Acres
Price / SF$288.33
Days on Market289
Property Features for 130 E 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- APN
- 0800-165-071-03164-000-0006
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17027
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1926
- Number of units
- 1
- Building materials
- Brick
Listing agency
RE/MAX Distinguished Hms.&Prop
(914) 346-8255
Listed by
Hermi Aquino · License #30AQ1103641
(646) 685-6269
Added: Oct 6, 2025 Updated: Jul 13 at 7:34AM Checked: Jul 21 at 6:06PM
MLS# 921193
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner brick building is presented as Elevate Bar & Lounge, offering indoor space suited for special events. The property includes bar equipment and additional unfinished basement space. The listing describes 2,000 square feet of main space, plus an additional 1,000 square feet in the unfinished basement.
The building is positioned with a train station parking lot across the street, and the remarks note easy access to major parkways and that it is minutes from Metro-North, with nearby shopping hubs.
The offering also mentions a food truck located in the rear of the building as an additional bonus at the right price.
The building is positioned with a train station parking lot across the street, and the remarks note easy access to major parkways and that it is minutes from Metro-North, with nearby shopping hubs.
The offering also mentions a food truck located in the rear of the building as an additional bonus at the right price.
Key Highlights
- Corner brick building with bar/equipment included for a hospitality/entertainment use
- 2,000 sq ft event space listed for hosting over 100 guests
- Additional 1,000 sq ft unfinished basement space included
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $24.00 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $68.8k | $22.92 |
| − OpEx | −$17.2k | −$5.73 |
| NOI | $51.6k | $17.19 |
3,000 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$736.7K
$644.6K – $859.5K
NOI $51,570 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$906.2K
$792.9K – $1.06M
NOI $63,433 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bass Line
Music Venue
Elevate Lounge and Event ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Dazzles — 130 S 4th Ave, Mt Vernon, NY 10550
- Moe Flava — 277 E 4th St, Mt Vernon, NY 10553
- Razzles — 130 S 4th Ave, Mt Vernon, NY 10550
- Club Universe Restaurant & Lounge — 44 E 3rd St, Mt Vernon, NY 10550
- Oracabessa Restaurant Bar & Lounge — 211 W 3rd St, Mt Vernon, NY 10550
FAQs
What type of property is this?
Bar & Pub - Corner brick building operating as Elevate Bar & Lounge, with bar equipment and an unfinished basement for additional space.
Where is this bar & pub located?
The property is located at 130 E 1st Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Corner brick building with bar/equipment included for a hospitality/entertainment use; 2,000 sq ft event space listed for hosting over 100 guests; Additional 1,000 sq ft unfinished basement space included
