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    Property profile & analytics
    OFF-MARKET
    Bars & Pubs

    191 S Main St, New City, NY 10956

    Entity Owned 9-yr Hold
    Property ID
    US63-2353230-01
    Property summary
    AI-generated overview

    Come in and continue to run this successful restaurant /bar that has been in business for years. Huge price reduction!!!! Successful Restaurant for sale in desirable well-established location in New City. Approx.3,500 Sq. Ft. Main dining room seats Approx. 80 people. Separate party area accommodates Approx.50 people. Large kitchen and 3 bars. Major renovations in 2017 including two brand new roof top AC units, 16 draft beer lines running to two different bars,5 POS stations, stage and lighting Popular location for live music and private events. Approximately 20 employees, Restaurant fits 130 people inside and can accomodate100+ on the outside patio bar. 26 flat screen Tv's and 100-inch projector screen.1.000 sq. ft. outside patio with a large bar and outdoor Tv's, back door leads to large outside storage area, approved plans for a rooftop deck above the patio, stage for band performances, DJ'S, and fund raisers, 200 parking spaces in a high traffic strip mall with additional parking possible across the street. This is a turnkey business.

    Property profile
    Verified
    Property type Bars & Pubs
    UPID US63-2353230-01
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Things I Love, Inc (Bike/Boat/Book/etc) Store
    • Blu Fig Cafe & Coffee Shop
    • Bobs Art & Framing (Bike/Boat/Book/etc) Store Home Decor Store
    • Dr. Natalie Eckstein Physician
    • The Official Cake Lady Bakery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Holland Realty LLC · 9 yrs held
    Holland Realty LLC
    since 2016
    1 recorded transaction
    2016
    $10.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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