Mixed-Use Property with Bar and
New
For Sale
$1,500,000
265 Tate Ave 263, Buchanan, NY 10511
The sale includes the operating bar-and-grill business alongside an upstairs residence.
Property Size3,300 SF
Days on Market3
Property Features for 265 Tate Ave 263
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Additional Details
Floor
Ground
Business Included
Yes
Multifamily Units
1
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$11,015
Building Details
Building Size
3,300 SF
Units
2
Listing Agency:
Real Broker NY LLC
Listed By:
Shpresa Camaj
(917) 645-6629
Source:
Elliman
Added: Nov 1
Last Checked: Nov 3 at 7:21AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
The property brings together a ground-floor bar and grill and a residential apartment on the upper level. The existing business is included in the sale with the real estate, combining the commercial operation and dwelling in one property. Any use is subject to applicable municipal approvals.
A municipal parking lot is located directly across the street.
A municipal parking lot is located directly across the street.
Key Highlights
- Existing bar‑and‑grill business included with the real estate
- Upper‑level residential apartment
- Municipal parking lot directly across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,727
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,540
$1.1M
Cap Rate 7%
$810,386
$810.4K
Cap Rate 9%
$630,300
$630.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$79.2K $24.00/SF
− Vacancy
−$3.6K −$1.08/SF
EGI
$75.6K $22.92/SF
− OpEx
−$18.9K −$5.73/SF
NOI
$56.7K $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 Rate 5%
$1,134,540
Cap Rate 7%
$810,386
Cap Rate 9%
$630,300
Alternative Uses
Best Use
Specialty Retail
$810.4K
$709.1K – $945.5K
NOI $56,727 @ 7.0% cap · market cap 3.78%
Second Best
Mixed Use
$683.3K
$597.9K – $797.2K
NOI $47,829 @ 7.0% cap · market cap 3.19%
Theoretical Best
Retail
$996.8K
$872.2K – $1.16M
NOI $69,777 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
6,827 visits/mo
0.1 miles
Demographics for 10511, NY
2,369
Population
849
Households
2.8
Avg Household Size
42
Median Age
46%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
1,579
Density / Sq Mi
$127,375
Median Household Income
$65,441
Median Earnings
$1,670
Median Rent
$492,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The sale includes the operating bar-and-grill business alongside an upstairs residence.
Where is this mixed-use property located?
The property is located at 265 Tate Ave 263 Buchanan, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Existing bar‑and‑grill business included with the real estate; Upper‑level residential apartment; Municipal parking lot directly across the street
