Corner Brick Bar &
For Sale
$865,000
130 E 1st Street, Mount Vernon, NY 10550
Established event-oriented venue with bar equipment, flexible gathering space, and convenient access to regional transportation.
Property Size2,000 SF
Days on Market38
Property Features for 130 E 1st Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$17,027
Building Details
Building Size
2,000 SF
Year Built
1926
Buildings
1
Units
1
Construction
brick
Listing Agency:
RE/MAX Distinguished Hms.&Prop
(646) 685-6269
Listed By:
Hermi Aquino · License #30AQ1103641
(646) 685-6269
Source:
Alexandermadisonhomes
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 10:19AM
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.
Elevate Bar & Lounge occupies a corner brick building constructed in 1926. The property provides approximately 2,000 square feet of interior space arranged for bar, lounge, and event use, with capacity for more than 100 guests. Bar equipment is included, and an unfinished basement adds supplementary space.
A train station parking lot sits directly across from the property, supporting access for local users and NYC commuters. The site is also positioned near Metro-North service, shopping hubs, and major parkways, creating convenient connections throughout the surrounding area.
A train station parking lot sits directly across from the property, supporting access for local users and NYC commuters. The site is also positioned near Metro-North service, shopping hubs, and major parkways, creating convenient connections throughout the surrounding area.
Key Highlights
- Corner brick building constructed in 1926
- Approximately 2,000 square feet of interior space
- Capacity for more than 100 guests
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
$34,380
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
3.97%
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%
$687,600
$687.6K
Cap Rate 7%
$491,143
$491.1K
Cap Rate 9%
$382,000
$382.0K
Market Conditions
NOI Build-Up for 2,000 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
$48.0K $24.00/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$45.8K $22.92/SF
− OpEx
−$11.5K −$5.73/SF
NOI
$34.4K $17.19/SF
Area
Westchester County, NY
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$687,600
Cap Rate 7%
$491,143
Cap Rate 9%
$382,000
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,686
Businesses Nearby
121k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 30%
Dining 15%
Apparel 8%
Food Bazaar Supermarket
Groceries
49,467 visits/mo
0.3 miles
BP
Shops & Services
9,249 visits/mo
0.5 miles
Gulf Oil
Shops & Services
8,519 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,852 visits/mo
0.2 miles
Dollar General
Shops & Services
7,451 visits/mo
0.3 miles
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Club Universe Restaurant & Lounge — 44 E 3rd St, Mt Vernon, NY 10550
- Moe Flava — 277 E 4th St, Mt Vernon, NY 10553
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established event-oriented venue with bar equipment, flexible gathering space, and convenient access to regional transportation.
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 constructed in 1926; Approximately 2,000 square feet of interior space; Capacity for more than 100 guests
