Building Details

Building Size 4,440 SF

Buildings 2

Stories 2

Listing Agency: Century 21 Geba Realty d***@century21.com Show Phone

Listed By: Elizabeth A Bernitt · License #38659 Show Phone

Source: Clairedleone

Added: Jun 19 Changed: Oct 23 Last Checked: Oct 23 at 5:37PM

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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 Century 21 Geba Realty

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Investment Insights

Based on property information with market context.

This mixed-use property combines a pub with a commercial kitchen, a separate barn, and lawn space. The building measures 4,440 square feet, and the property is zoned RR. The establishment has operated since the 1890s.

A three-bedroom, one-bath apartment is also part of the property, alongside the pub and its associated spaces.

Key Highlights

• 4,440‑square‑foot mixed‑use property
• Pub establishment operating since the 1890s
• Commercial kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,095

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$761,900 $761.9K

Cap Rate 7%

$544,214 $544.2K

Cap Rate 9%

$423,278 $423.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,440 SF

Gross rent

$69.3K $15.60/SF

− Vacancy

−$8.3K −$1.87/SF

EGI

$61.0K $13.73/SF

− OpEx

−$22.9K −$5.15/SF

NOI

$38.1K $8.58/SF

Area

Sullivan County, NY

Vacancy

12.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$761,900

Cap Rate 7%

$544,214

Cap Rate 9%

$423,278

Alternative Uses

Best Use

Specialty Retail

$820.3K

$717.8K – $957.1K (±1% cap)

NOI $57,423 @ 7.0% cap · market cap 12.09%

Second Best

Mixed Use

$544.2K

$476.2K – $634.9K (±1% cap)

NOI $38,095 @ 7.0% cap · market cap 8.02%

Theoretical Best

Office A

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,248 @ 7.0% cap · market cap 17.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Restaurant Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 12741, NY

251

Population

308

Households

0.8

Avg Household Size

50

Median Age

29%

College-Educated

100%

High-School Grad

9.2 sq mi

ZIP Area

27

Density / Sq Mi

$65,463

Median Household Income

$43,077

Median Earnings

$1,156

Median Rent

$356,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property includes a commercial kitchen, separate barn, lawn, and three-bedroom apartment.

Where is this mixed-use property located?

The property is located at 553 County Road 94 Hankins, NY.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 4,440‑square‑foot mixed‑use property; Pub establishment operating since the 1890s; Commercial kitchen