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    Property profile & analytics

    115 Main St Chester, NY 10918-1326

    • Investment properties
    • 7,813 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $895,000
    Last Sale
    Jan 24, 2022
    $843,000
    Location Intelligence
    Property ID
    US63-0129885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Allan's Falafel / Mediterranean Restaurant

    Property Details for 115 Main St

    Year built
    1940
    Lot size
    0.37 lot acres
    Property size
    7,813 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    332201 111-2-42
    APU
    332201111242

    Description

    This thriving Israeli restaurant in Chester, NY, presents a unique investment opportunity. Located at 115 Main St., this 7,813 sq ft. property sits on a 0.37-acre lot and boasts a strong reputation, evidenced by over 400 five-star Google reviews and a loyal social media following exceeding 2000. The business operates with 20 full-time employees and benefits from an under-market-value lease with 20 years remaining, and zero debt. All equipment, furniture, and a custom-designed food truck are included in the sale. The chef-designed kitchen prioritizes efficiency, and the restaurant comfortably seats 76 inside, with additional outdoor seating. Ample parking is available on-site and on the street. The property is zoned B1 and features 220-volt power. The restaurant's current success, coupled with its established customer base and diverse revenue streams (including wholesale to local markets), positions it for continued growth and a rapid return on investment. This is a single-tenant property with significant potential for expansion.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $895,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $840,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $830,000
      Geo Method
      $840,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $950,000
      Mixed-Use
      $950,000
      Hospitality
      $745,000
      Educational
      $870,000
      Residential Income
      $905,000
      Energy
      $715,000
      Income-Based Land
      $895,000
      Food Service
      $885,000

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Orange
    State
    New York
    Longitude
    -74.2771
    Latitude
    41.3564
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $4,581
    $64,600
    $262,000
    $326,600
    -
    $157,564
    $639,036
    $796,600

    Comparable in this City

    • Value Estimation by Request
      1,932 SF

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      11 Main St, Chester, NY 10918-1472
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    • Value Estimation by Request
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      2 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      2 Main St, Chester, NY 10918-1255
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    • Value Estimation
      $480,000
      3,156 SF

      145 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,156 SF
      145 Main St, Chester, NY 10918-1326
      View Details
    • Value Estimation
      $280,000
      2,974 SF

      1379 Kings Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,974 SF
      1379 Kings Hwy, Chester, NY 10918
      View Details
    • Value Estimation
      $295,000
      2,450 SF

      1405 Kings Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,450 SF
      1405 Kings Hwy, Chester, NY 10918
      View Details
    • Value Estimation
      $305,000
      1,248 SF

      1836 Kings Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,248 SF
      1836 Kings Hwy, Chester, NY 10918-3014
      View Details

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    115 Main St
    Chester, NY 10918-1326
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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