Technical
Financial
Distress signals
Property profile

116 Division St Patchogue, NY 11772

OFF-MARKET
Turn key restaurants
Property ID
US63-5987591
0.23 ac lot
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000-square-foot restaurant in Patchogue, NY, presents a unique investment opportunity. Located at 116 Division St, this two-level establishment boasts stunning Patchogue River views and has been a thriving business for over 25 years, generating over $3.5 million in revenue in 2023. The property includes a newly renovated bar and lounge, a state-of-the-art kitchen, and ample seating for over 80 patrons outdoors. Four separate catering rooms are available, along with two bars perfect for live music. The property sits on a 2.07-acre lot zoned for Business and Industrial use and includes 50 boat slips generating an additional $90,000-$100,000 annually, plus a three-family house at 143 River Ave. that produces $50,000 in annual income. This prime location is adjacent to a proposed hotel site, offering significant future development potential. Ample parking is available. The current owner is open to a two-year sale/leaseback arrangement. This is a rare chance to acquire a well-established, high-revenue-generating waterfront property in the heart of Patchogue Village.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.23 ac (10,019 SF)
APN 0204-013.00-08.00-003.001
UPID US63-5987591

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trucking Company
  • Bar & Pub

Location

116 Division St Patchogue, NY 11772-3424
Patchogue metro Census 159000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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