Commercial Space with
For Sale
$3,300,000
Pending
112 North Ave, New Rochelle, NY 10801
8,300 SF commercial space with restaurant/bar and parking.
Property Size8,300 SF
Days on Market324
Property Features for 112 North Ave
General Information
Standard status
Pending
Size
8,300 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Century 21 Marciano
Listed By:
Pasquale A. Marciano (914) 235-4996 · License #37MA1101672
(914) 235-4996
Source:
Searchhomesinlongisland
Added: Oct 31, 2025
Changed: Sep 9
Last Checked: Sep 18 at 7:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Marciano
Investment Insights
Based on property information with market context.
This commercial property, built in 1950, offers 8,300 usable square feet of space across two levels on a 0.66-acre lot. The upper level features a 2,245 square feet auditorium along with 2,057 square feet of office space and conference rooms. The lower level includes a billiard room, storage areas, a bar/restaurant, bathrooms, and a full commercial kitchen. The property also features a large, level lot with 29 parking spaces. This property is being offered for sale for the first time since its construction.
Key Highlights
- 8,300 usable square feet of commercial space.
- Large 0.66 acre lot with 29 parking spaces.
- Upper level**: 2,245 sq ft auditorium plus 2,057 sq ft office/conference space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$175,499
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,509,980
$3.5M
Cap Rate 7%
$2,507,129
$2.5M
Cap Rate 9%
$1,949,989
$1.9M
Market Conditions
NOI Build-Up for 8,300 SF
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.
Gross rent
$288.8K $34.80/SF
− Vacancy
−$38.1K −$4.59/SF
EGI
$250.7K $30.21/SF
− OpEx
−$75.2K −$9.06/SF
NOI
$175.5K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,509,980
Cap Rate 7%
$2,507,129
Cap Rate 9%
$1,949,989
Alternative Uses
Best Use
Retail
$2.51M
$2.19M – $2.92M
NOI $175,499 @ 7.0% cap · market cap 5.32%
Second Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,677 @ 7.0% cap · market cap 4.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,468
Businesses Nearby
129k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 24%
Apparel 3%
Hotels & Casinos 3%
McDonald's
Dining
38,369 visits/mo
0.5 miles
Taco Bell
Dining
15,669 visits/mo
0.4 miles
Starbucks
Dining
13,566 visits/mo
0.4 miles
Sunoco
Shops & Services
13,442 visits/mo
0.5 miles
Dunkin' Donuts
Dining
10,959 visits/mo
0.1 miles
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - 8,300 SF commercial space with restaurant/bar and parking.
Where is this bar & pub located?
The property is located at 112 North Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 8,300 usable square feet of commercial space.; Large 0.66 acre lot with **29 parking spaces**.; Upper level**: 2,245 sq ft auditorium plus 2,057 sq ft office/conference space.
