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Property profile & analytics
FOR SALE
Turn key restaurants
3311 Route 23A, Palenville, NY 12463
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-6127880
For Sale
1 / 46
$1,950,000
3311 Route 23A, Palenville, NY 12463
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Total area
7,009 SF
Lot
1 ac (43,560 SF)
Zoning code
03 - MULTI-FAMILY
APN
192689 184.19-3-17
UPID
US63-6127880
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Laaterskil Hldgs E LLC · 3 yrs held
Laaterskil Hldgs E LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
03 - MULTI-FAMILY · Palenville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palenville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,605,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.30M (Jan 25 2023)
Last sale anchor
$1.30M
Jan 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$203 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Assessed land
$19,500
Assessed improvement
$280,500
Land market value
$53,793
Improvement market value
$773,793
Total market value
$827,586
Applied tax rate
192,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1947
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
7,009 SF
Lot
1 ac (43,560 SF)
Zoning code
03 - MULTI-FAMILY
APN
192689 184.19-3-17
UPID
US63-6127880
Jurisdiction
GREENE
Zoning & alternative use
03 - MULTI-FAMILY · Palenville, NY
Zoning 03 - MULTI-FAMILY · permitted uses
03 - MULTI-FAMILY · Palenville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palenville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
Laaterskil Hldgs E LLC
Entity
Mailing address
90 HIGH ROCKS RD, WOODSTOCK, NY 12498-2305
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$1,300,000
Laaterskil Hldgs E LLC
Lafayette Venture LLC
Deed
$1,200,000 · Lafayette Venture LLC
Nov 28, 2011
$199,000
Lafayette Ventures LLC
Petos Associates LLC
Grant Deed
related
—
Aug 2, 2011
$153,517
Petos Associates LLC
Kccc Ents LLC
Grant Deed
—
Aug 1, 2006
$300,000
Kccc Ents LLC
Petos Associates LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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