Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16124A Northern Blvd Northern Blvd, Unit 160-24A Flushing, NY 11358

    Sponsored
    For Sale
    $150,000

    SINGLE_FAMILY - Flushing, NY

    Type:Retail
    Lot size:
    0.05 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 23 at 6:06 am

    Property Features for 16124A Northern Blvd Northern Blvd

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Basement
    APN
    05335-0075
    Parking
    15
    Parking features
    Parking Lot
    Basement
    Full
    Lot size
    0.05 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1924
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Hye E. Moon

    Realty Plus Vision Group Inc. (917) 886-4005

    Listing agent Hye E. Moon (718) 344-6565

    Listing date Feb 7, 2026

    MLS# 943946

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Restaurant in Flushing

    This is an established restaurant opportunity located in Flushing, New York. The property is a restaurant selling chicken and pizza. It benefits from high traffic and curb appeal. The property includes a parking lot. A beer and wine license is available. The lot size is 0.0476 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.7962
    Latitude
    40.7605

    Nearby Similar for Sale

    • New
      $1,650,000
      0.04 Acres

      Turnkey Ridgewood Two-Family Home

      Meticulously maintained, vacant two-family home in prime Ridgewood location.
      6325 60Th Pl, Ridgewood, NY 11385
      View Details
    • New
      $1,849,000
      0.06 Acres

      New Woodside Two-Family Home

      Brand-new, two-family home with rooftop deck in Woodside, Queens.
      38-24 56Th St, Woodside, NY 11377
      View Details
    • New
      $2,147,000
      4,000 SF

      Ridgewood Multifamily in Historic District

      Well-maintained Ridgewood multifamily property near transportation and amenities.
      6046 Putnam Ave, Ridgewood, NY 11385
      View Details
    • $1,499,999
      0.15 Acres

      Two-Family Home in Rego Park

      Two-family brick home in the heart of Rego Park.
      66-11 Burns St, Rego Park, NY 11374
      View Details
    • $1,299,000
      0.06 Acres

      Six-Family Building in Woodside

      Six-family building near transportation, delivered mostly vacant.
      37-37 64Th St, Woodside, NY 11377
      View Details
    • $2,288,000

      New Brick Triplex in Ridgewood

      Newly built Ridgewood triplex with modern layouts and parking.
      6014 Menahan St, Ridgewood, NY 11385
      View Details
    • New
      $1,849,000
      0.06 Acres

      New Woodside Two-Family Home

      New brick two-family home with rooftop deck in Woodside.
      38-22 56Th St, Woodside, NY 11377
      View Details
    • $1,288,000
      Pending

      Two-Family Home in Fresh Meadows

      Charming two-family home in desirable Fresh Meadows neighborhood.
      183-11 64Th Ave, Fresh Meadows, NY 11365
      View Details
    • $1,650,000
      Pending

      Solid Stone Flushing Two-Family Home

      Two-family home in Flushing with strong rental income potential.
      154-39 64Th Ave, Flushing, NY 11367
      View Details
    • $2,090,000
      Pending

      New Maspeth Triplex For Sale

      Newly built triplex in prime Maspeth location with investment potential.
      6960 Caldwell Ave, Maspeth, NY 11378
      View Details
    • $2,380,000
      Pending

      Contemporary Two-Family Home in Bayside

      Luxurious, newly constructed two-family home in the heart of Bayside.
      46-38 204Th St, Bayside, NY 11361
      View Details
    • $1,800,000
      Pending

      Renovated Middle Village Three-Family Home

      Corner brick three-family home with garage, renovated, near Juniper Valley Park.
      7521 Caldwell Ave, Middle Village, NY 11379
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - High-traffic restaurant with loyal customer base and parking.
    Where is this turn key restaurant located?
    The property is located at 16124A Northern Blvd Northern Blvd, Unit 160-24A Flushing, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Established high-traffic restaurant in the heart of Flushing; - Includes a parking lot; - Beer and Wine license available
    (718) 445-0000
    Request Owner's contact information
    16124A Northern Blvd Northern Blvd, Unit 160-24A Flushing, NY 11358
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16124A Northern Blvd Northern Blvd, Unit 160-24A
    Flushing, NY 11358
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16124A Northern Blvd Northern Blvd, Unit 160-24A Flushing, NY 11358
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hye E. Moon
    Real Estate License ID: 10401211075
    (718) 445-0000 (718) 344-6565
    Learn more
    Google sign-in failed. Please try again or use another login method.