B&B Lounge | 5207 Route 32
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B&B Lounge 5207 Route 32
30 Unit Apartment Building $4,000,000 ($133,333/Unit) 8% Cap Rate Catskill, NY 12414
Investment Highlights
- Established Bar & Restaurant: B & B Lounge
- Motel Units
- 11.6 Acres
- Rental Units & Rental Income
- 37 Rental Units
- 4,500 sq ft Bar & Restaurant
Executive Summary
A Great Investment Property with a Bar, Restaurant, & Motel with up to 37 Rental Units on 11.6 Acres! There are 37 total units: 1 bar & restaurant, 31 residential rental units, 1 RV site, 3 garages, & 1 storage shed. The annual rent roll is $366,840 which does not include the commercial bar/restaurant, 2 garages, & 1 shed. There's additional income that comes from the vending machines & the coin-operated laundry. The bar/restaurant is 4,500 sq ft with a 2,500 sq ft apartment on the 2nd floor. The bar is 22 x 26 ft, the dining room is 24 x 45 ft, the commercial kitchen is 24 x 24 ft, along with 3 other dining & game rooms. The bar/restaurant is currently not operating under the pandemic. There are a total of 59 bedrooms, 34.5 baths, an outdoor pool, multiple parking areas, & an outdoor barbecue pavilion. There are 3 driveway entrances, 12 septic tanks, 6 wells, & purchased solar panels. There are lawns, yards, & space on the property to expand or subdivide. It's an Amazing Property! View our 3D virtual tour of the bar, restaurant, owner's apartment, 1 unit, and a garage.
Property Facts
| Price | $4,000,000 | Building Class | C |
| Price Per Unit | $133,333 | Lot Size | 11.60 AC |
| Sale Type | Investment | Building Size | 32,000 SF |
| Cap Rate | 8% | No. Stories | 1 |
| No. Units | 30 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 3.13/1,000 SF |
| Property Subtype | Apartment | Corridor | Interior |
| Apartment Style | Low Rise |
| Price | $4,000,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 11.60 AC |
| Building Size | 32,000 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 3.13/1,000 SF |
| Corridor | Interior |
Unit Amenities
- High Speed Internet Access
- Patio
Site Amenities
- Pool
- Smoke Detector
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zoning
| Zoning Code | 02 (The zoning code is 02-HC-.5. The zoning district is Highway Commercial and R/A Rural Residential/Agricultural) |
| 02 (The zoning code is 02-HC-.5. The zoning district is Highway Commercial and R/A Rural Residential/Agricultural) |
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B&B Lounge | 5207 Route 32
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