4572 Clark St, Hamburg, NY 14075
Restaurant with basement and apartment for sale.
- Added:
- May 13, 2022
- Days on Market:
- 1516
- Last Refresh:
- Mar 16 at 12:53 pm
Property Features for 4572 Clark St
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Retail
Listing office LoVallo Real Estate
Listing date May 13, 2022
Source Crexi
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 LoVallo Real Estate
HighLights
- Turnkey Restaurant: Ready for immediate operation.
- Substantial 2600 sq. ft. Restaurant with Bar.
- Basement with Storage, Cooler, Freezer, Prep Area & Office.
- Rent to Own: Opportunity to acquire ownership.
- Three Bedroom Apartment provides additional living space.
- $1300 Rental Income: Existing income stream from the apartment.
Overview
Local 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 | $46.8k | $18.00 |
| − Vacancy | −$5.1k | −$1.94 |
| EGI | $41.7k | $16.06 |
| − OpEx | −$10.4k | −$4.01 |
| NOI | $31.3k | $12.04 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Hamburg Gaming — 5820 South Park Ave, Hamburg, NY 14075
Location Insight
- Map
- Local Demand
- City
- Hamburg
- County
- Erie
- State
- New York
- Longitude
- -78.8123674
- Latitude
- 42.7324718
