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- LoopNet Team
33 W Central Ave
Pearl River, NY 10965
12.66 CAP RATE !! NOI: $139,233 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 12.66% cap rate
- Delivered with restaurant operator tenant, long term lease
- partner breakup creates motivated sellers
- Turnkey with 13+ beer taps, full kitchen and equipment, tables etc.
- 6 legal, 1 room apartments generating $4,000 / month (below market rents)
- great location in Restaurant District of Pearl River
PROPERTY FACTS
AMENITIES
- Restaurant
- Security System
- Storage Space
- Air Conditioning
ABOUT 33 W CENTRAL AVE , PEARL RIVER, NY 10965
12.66% cap rate, based on attached pro forma. Great investment. Great investment opportunity…there is an experienced restaurant operator willing to lease the restaurant and will bear the cost of improvements / repairs. There is additional income of $4,000 per month from legal, 1 room apartments on 2nd floor. All furniture fixtures and equipment are included in the sale: many sports TV’s, sound equipment for entertainment, bar and restaurant equipment including 13+ draft taps. Large vintage bar, restaurant area, and private party room. Take advantage of a partner break up and acquire this previously performing restaurant, with an income producing real estate asset. Motivated sellers. Also can be delivered vacant.
PROPERTY TAXES
| Parcel Number | 392489-068-016-0001-011-000-0000 | Improvements Assessment | $206,600 |
| Land Assessment | $65,000 | Total Assessment | $271,600 |
PROPERTY TAXES
