5335 Ny-23 Windham, NY 12496
- Retail properties
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 5335 Ny-23
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fully occupied, fee-simple restaurant property located at 5335 NY-23 in Windham, New York, Greene County, zip code 12496. The property boasts a current NOI of $96,500, yielding a 5.51% cap rate, with a pro-forma NOI of $133,100 and a pro-forma cap rate of 7.60%. The restaurant itself features 15 tables and 96 seats, including 16 bar seats, and underwent a complete renovation in 2021, including new bathrooms and equipment such as an oven and fireplace. Adding to the investment potential, the property includes two apartments above the restaurant, currently occupied by employees, ensuring consistent occupancy and convenience. A separate 2300 square foot house, with four bedrooms and three bathrooms (no basement), is also included on the property. This house can be owner-occupied or used as an additional rental unit. The property's prime location near Windham Mountain, a top-rated ski resort near New York City, makes it ideally situated to capitalize on weekend tourism and seasonal demand. The asking price for this turnkey operation is $1,750,000. This is a rare opportunity to acquire a profitable, established restaurant with significant upside potential in a desirable location. The property consists of four units in total.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Windham
- County
- Greene
- State
- New York
- Longitude
- -74.2497
- Latitude
- 42.3076
