Elevate Bar & Lounge
130 E 1st Street Mount Vernon, NY 10550
130 E 1st Street, Mount Vernon, NY, 10550
$865,000
For Sale
$865,000
Corner brick building, catering hall potential, commuter-friendly location.
Property Size2,000 SF
Lot Size0.03 Acres
Price / SF$432.50
Days on Market289
Property Features for 130 E 1st Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.03 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1926
Listing agency
RE/MAX DISTINGUISHED HMS.&PROP
(914) 346-8255
Listed by
HERMI AQUINO · License #30AQ1103641
Source
Corcoran
Added: Oct 6, 2025 Updated: Jul 6 at 10:01AM Checked: Jul 21 at 5:14AM
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 RE/MAX DISTINGUISHED HMS.&PROP
Investment Insights
Based on property information with market context.
This corner brick building, currently operating as Elevate Bar Lounge, offers a space suitable for a catering hall or special events venue. The property features 2,000 square feet of space with an additional 1 square foot in the unfinished basement. The venue can accommodate over 100 guests. A food truck and bar equipment are available. Situated in a highly visible location, the property is conveniently located across the street from a train station parking lot, making it accessible for NYC commuters. It also provides easy access to major parkways and is located minutes from the Metro North and shopping hubs.
Key Highlights
- Prime location in a highly visible area, ideal for attracting customers.
- Established venue with existing bar equipment included.
- Spacious 2,000 sq ft catering hall suitable for hosting over 100 guests.
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 | $48.0k | $24.00 |
| − Vacancy | −$2.2k | −$1.08 |
| EGI | $45.8k | $22.92 |
| − OpEx | −$11.5k | −$5.73 |
| NOI | $34.4k | $17.19 |
2,000 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$491.1K
$429.8K – $573.0K
NOI $34,380 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 4.89%
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, catering hall potential, commuter-friendly location.
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: Prime location in a highly visible area, ideal for attracting customers.; Established venue with existing bar equipment included.; Spacious 2,000 sq ft catering hall suitable for hosting over 100 guests.
