Corner Brick Bar and Lounge
130 E 1st Street Mount Vernon, NY 10550
New
For Sale
$865,000
MULTI_FAMILY - Mount Vernon, NY
Property Size3,000 SF
Lot Size0.03 Acres
Price / SF$288.33
Days on Market2
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
- Natural Gas, Forced Air
- 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: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 5:06PM
MLS# 1030440
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 bar and lounge building is offered with bar equipment and includes space described as suited for hosting special events. The offering is stated as 2,000 sq. ft. of built space, along with additional unfinished basement area. The remarks also note a food truck option positioned in the rear of the building.
The property at 130 E 1st Street is described as having a train station parking lot across the street and easy access to major parkways, with access to Metro-North noted in the remarks.
The property at 130 E 1st Street is described as having a train station parking lot across the street and easy access to major parkways, with access to Metro-North noted in the remarks.
Key Highlights
- 2,000 sq ft corner brick building with Elevate Bar & Lounge setup
- Unfinished basement addition totaling 1,000 sq ft (additional space)
- Well‑known venue setup including bar equipment and food truck (in the rear of the building)
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 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 with bar equipment and event-capable space, plus unfinished basement area.
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: 2,000 sq ft corner brick building with Elevate Bar & Lounge setup; Unfinished basement addition totaling 1,000 sq ft (additional space); Well‑known venue setup including bar equipment and food truck (in the rear of the building)
