76 NY-214, Phoenicia, NY 12464
Landmark restaurant property in Phoenicia, NY with B&B potential.
- Added:
- Nov 17, 2022
- Days on Market:
- 1327
- Last Refresh:
- May 19 at 9:46 pm
Property Features for 76 NY-214
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1937
Listing office Win Morrison Realty (845) 901-6555
Listing date Nov 17, 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 Win Morrison Realty
HighLights
- Prime restaurant space in Phoenicia, NY, including all equipment.
- Expansive covered porch for stellar outdoor dining.
- Additional 1000 sq. ft. of flexible floor space.
- Upstairs space suitable for B&B revival (4 large rooms + additional space).
- Updated 1000 sq. ft. dining room with a beautiful bar.
- Ample parking and abundant growth potential.
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 | $68.4k | $18.00 |
| − Vacancy | −$2.9k | −$0.76 |
| EGI | $65.5k | $17.24 |
| − OpEx | −$16.4k | −$4.31 |
| NOI | $49.1k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenicia
- County
- Ulster
- State
- New York
- Longitude
- -74.3824
- Latitude
- 42.0431
