Restaurant with Dining
New
For Sale
$2,500,000
47 Route 311, Carmel, NY 10512
A remodeled interior, kitchen and baking equipment, furniture, fixtures, and stock are included with the property.
Property Size3,900 SF
Price / SF$641.03
Days on Market5
Property Features for 47 Route 311
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$32,219
Amenities
Central air
Central Air Cooling
Electric Heating
Parking Lot
Listing Agency:
BRIANTE REALTY GROUP, LLC
(845) 225-2020
Listed By:
ANGELA J. BRIANTE · License #10491201787
(914) 806-1950
Source:
Corcoran
Added: Oct 25
Changed: Oct 27
Last Checked: Oct 28 at 8:11AM
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 BRIANTE REALTY GROUP, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,900-square-foot restaurant at 47 Route 311 in Carmel includes a patio with views of the lake. The interior has been remodeled, and the kitchen is equipped with cooking and baking equipment. Furniture, fixtures, equipment, and stock are included in the sale.
Key Highlights
- 3,900‑square‑foot restaurant at 47 Route 311, Carmel
- Patio with views of the lake
- Remodeled interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,502
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,610,040
$3.6M
Cap Rate 7%
$2,578,600
$2.6M
Cap Rate 9%
$2,005,578
$2.0M
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$257.4K $66.00/SF
− Vacancy
−$16.7K −$4.29/SF
EGI
$240.7K $61.71/SF
− OpEx
−$60.2K −$15.43/SF
NOI
$180.5K $46.28/SF
Area
Putnam County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,610,040
Cap Rate 7%
$2,578,600
Cap Rate 9%
$2,005,578
Alternative Uses
Best Use
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,502 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10512, NY
24,664
Population
9,874
Households
2.5
Avg Household Size
46
Median Age
42%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
472
Density / Sq Mi
$124,519
Median Household Income
$62,393
Median Earnings
$1,607
Median Rent
$401,800
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A remodeled interior, kitchen and baking equipment, furniture, fixtures, and stock are included with the property.
Where is this conventional restaurant located?
The property is located at 47 Route 311 Carmel, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3,900‑square‑foot restaurant at 47 Route 311, Carmel; Patio with views of the lake; Remodeled interior
