Lakefront Restaurant with
New
For Sale
$2,500,000
47 Route 311, Carmel, NY 10512
Commercial Sale, Carmel, NY
Property Size3,900 SF
Lot Size0.21 Acres
Price / SF$641.03
Days on Market5
Property Features for 47 Route 311
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking features
Parking Lot
View
Lake, Water
Elementary school district
Carmel
Middle school district
Carmel
High school district
Carmel
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
372200-022-082-0001-058-000-0000
Lot size
0.21 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
32219
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Well
Water front features
Lake Front, Waterfront
Water front
1
Building Details
Building materials
Frame
Listing Agency:
Briante Realty Group, LLC
Listed By:
Angela J. Briante
(845) 225-2020
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 1066621
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 includes a patio, a remodeled interior, and kitchen and baking equipment. Furniture, fixtures, equipment, and stock are included in the sale. The property has central air, electric heat, and a parking lot, with a well serving the site and septic service.
Set on 0.21 acres, the restaurant is waterfront on the lake. The property is zoned C.
Set on 0.21 acres, the restaurant is waterfront on the lake. The property is zoned C.
Key Highlights
- 3,900‑square‑foot restaurant with a patio
- Waterfront property with lake frontage
- Remodeled interior with kitchen and baking equipment
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, and included furnishings support restaurant operations beside the lake.
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 with a patio; Waterfront property with lake frontage; Remodeled interior with kitchen and baking equipment
