Property profile

40 Genesee St New Hartford, NY 13413

OFF-MARKET
Turn key restaurants
Property ID
US63-0631822
9,924 SF 0.25 ac lot Built 1970
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 40 Genesee Street in New Hartford, NY, presents a unique investment opportunity. For the first time in 75 years, the renowned Cavallo's Restaurant is available for acquisition. This established landmark boasts a rich history and strong community presence. The main floor features a large dining area with multiple rooms, accommodating various group sizes. Three bars—a main bar, a large deck bar, and a wine bar—cater to diverse clientele preferences. A state-of-the-art, 1,000 square foot commercial kitchen ensures efficient high-volume service. Upstairs, two elegant banquet rooms, complete with a full commercial kitchen and two portable bars, are perfect for weddings and large events. The substantial 2,000 square foot basement includes four walk-in coolers, ample dry storage, and a large prep area, ideal for supporting the restaurant's extensive menu and catering needs. The property encompasses a total of 16,924 square feet and is offered at $1,600,000. This is a rare chance to own a piece of New Hartford's history and a thriving, well-established business. The property is zoned for commercial use and is situated in Oneida County, NY, zip code 13413. This turnkey operation is ready for a new owner to continue its legacy.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 9,924 SF
Lot 0.25 ac (10,858 SF)
Zoning code 01 - NOT ZONED
APN 304801 329.014-2-14
UPID US63-0631822

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
  • Restaurant
  • Atm

Location

40 Genesee St New Hartford, NY 13413-2337
New Hartford metro Census 25100 UTICA-ROME, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2025
Last sale
$1.5M
2 recorded transactions
2025
$1.5M
2013
Price N/A

Zoning & alternative use

01 - NOT ZONED · New Hartford, NY

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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