Mixed-Use Building in
For Sale
$1,195,000
33 W Central Avenue, Pearl River, NY 10965
Mixed-use building with bar/restaurant and boarding house units.
Property Size5,528 SF
Price / SF$216.17
Days on Market202
Property Features for 33 W Central Avenue
General Information
Standard status
Active
Size
5,528 SF
Property subtype
Retail
Building Details
Building Size
5,528 SF
Listing Agency:
Triforce Commercial RE LLC
Listed By:
Jason Horowitz · License #NY #10491207540
(845) 323-9177
Source:
Triforcecre
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 12 at 5:52PM
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 Triforce Commercial RE LLC
Investment Insights
Based on property information with market context.
This mixed-use building is located in downtown Pearl River. The property includes a bar and restaurant with an open serving area, a room with a stage, multiple restrooms, a turnkey kitchen, a bar, and a large outdoor patio. Additionally, there are six boarding house units, each with its own bathroom. The sale encompasses both the business and the property. The property size is 5528 square feet.
Key Highlights
- Prime downtown location in Pearl River
- Established and operational bar/restaurant business included in sale
- Turnkey kitchen and bar ready for immediate use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,243
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,860
$904.9K
Cap Rate 7%
$646,329
$646.3K
Cap Rate 9%
$502,700
$502.7K
Market Conditions
NOI Build-Up for 5,528 SF
Gross rent
$82.9K $15.00/SF
− Vacancy
−$10.5K −$1.91/SF
EGI
$72.4K $13.10/SF
− OpEx
−$27.1K −$4.91/SF
NOI
$45.2K $8.18/SF
Area
Rockland County, NY
Vacancy
12.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,860
Cap Rate 7%
$646,329
Cap Rate 9%
$502,700
Alternative Uses
Best Use
Specialty Retail
$3.65M
$3.20M – $4.26M
NOI $255,850 @ 7.0% cap · market cap 21.41%
Second Best
Mixed Use
$646.3K
$565.5K – $754.1K
NOI $45,243 @ 7.0% cap · market cap 3.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 40%
Groceries 16%
McDonald's
Dining
28,815 visits/mo
0.3 miles
Food Fair
Groceries
23,836 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
21,714 visits/mo
0.1 miles
Shell
Shops & Services
15,582 visits/mo
0.5 miles
76
Shops & Services
14,427 visits/mo
0.2 miles
Demographics for 10965, NY
15,342
Population
5,937
Households
2.6
Avg Household Size
44
Median Age
47%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$136,970
Median Household Income
$67,163
Median Earnings
$2,036
Median Rent
$560,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with bar/restaurant and boarding house units.
Where is this mixed-use property located?
The property is located at 33 W Central Avenue Pearl River, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Prime downtown location in Pearl River; Established and operational bar/restaurant business included in sale; Turnkey kitchen and bar ready for immediate use
