Vacant Border Restaurant
For Sale
$449,900
87 MAPLE AVE, Port Jervis, NY 12771
Restaurant facility with access from roads serving both New York and New Jersey.
Property Size2,545 SF
Price / SF$176.78
Days on Market69
Property Features for 87 MAPLE AVE
General Information
Standard status
Active
Size
2,545 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,027
Amenities
Central Air
3
Building Details
Year Built
1958
Listing Agency:
KW Hudson Valley United
(917) 747-6688
Listed By:
Jonathon Lee
(917) 747-6688
Source:
Xome
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 1:49PM
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 KW Hudson Valley United
Investment Insights
Based on property information with market context.
The property is a vacant restaurant facility comprising approximately 2,545 square feet, with central air conditioning and improvements dating to 1958. The building occupies a cross-border setting, with portions of the restaurant located in New York and New Jersey.
The New York component covers 0.48 acre, while approximately 1 acre in New Jersey includes part of the building and the parking lot. Access is available from South Maple Avenue on the New York side and River Road on the New Jersey side. The property is next to Interstate 84 and can serve residents of both states.
The New York component covers 0.48 acre, while approximately 1 acre in New Jersey includes part of the building and the parking lot. Access is available from South Maple Avenue on the New York side and River Road on the New Jersey side. The property is next to Interstate 84 and can serve residents of both states.
Key Highlights
- Approximately 2,545‑square‑foot vacant restaurant building
- Restaurant property extending across the New York–New Jersey border
- 0.48 acre on the New York side
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,914
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,280
$658.3K
Cap Rate 7%
$470,200
$470.2K
Cap Rate 9%
$365,711
$365.7K
Market Conditions
NOI Build-Up for 2,545 SF
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.
Gross rent
$45.8K $18.00/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$43.9K $17.24/SF
− OpEx
−$11.0K −$4.31/SF
NOI
$32.9K $12.93/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,280
Cap Rate 7%
$470,200
Cap Rate 9%
$365,711
Alternative Uses
Best Use
Specialty Retail
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$698.1K
$610.8K – $814.4K
NOI $48,864 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
84k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
McDonald's
Dining
24,862 visits/mo
0.5 miles
BP
Shops & Services
14,705 visits/mo
0.5 miles
Valero Energy
Shops & Services
14,526 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,676 visits/mo
0.5 miles
Shell
Shops & Services
8,860 visits/mo
0.4 miles
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant facility with access from roads serving both New York and New Jersey.
Where is this conventional restaurant located?
The property is located at 87 MAPLE AVE Port Jervis, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 2,545‑square‑foot vacant restaurant building; Restaurant property extending across the New York–New Jersey border; 0.48 acre on the New York side
