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    Turnkey Restaurant/Bar in Jackson Heights Title is generated by Realmo AI

    84-18 Northern Boulevard, Jackson Heights, NY 11372

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    Claim this Listing
    For Sale
    $250,000

    COMMERCIAL - Jackson Heights, NY

    Added:
    Feb 2, 2026
    Days on Market:
    97
    Last Refresh:
    May 10 at 8:06 am

    Property Features for 84-18 Northern Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Basement
    Full, Walk-Out Access
    Appliances
    Convection Oven, Cooktop, Dishwasher, Disposal, Gas Cooktop, Gas Range, Ice Maker, Refrigerator
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    64333

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Ana C. Rojas

    Listing agent Ana C. Rojas

    Listing office Real Estate Classic LLC 11123 Jamaica Ave, Richmond Hill, NY

    Listing date Feb 2, 2026

    MLS# 957791

    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.

    HighLights

    • Prime location in a high‑traffic, energetic nightlife neighborhood in Queens.
    • Fully renovated with upgraded systems (electricity, HVAC, gas) for a turnkey operation.
    • Existing full liquor license included.
    • Favorable lease terms: $6,750/month (including property taxes) until December 2031.
    • Fully renovated basement with walk‑in cooler/freezer, office, and prep area.
    • Flexible landlord willing to renegotiate/extend lease and cooperate with new permits.

    Overview

    This fully renovated restaurant, bar, and deli is situated in a high-traffic, energetic neighborhood known for its nightlife in Queens. The establishment is scheduled to open in June. It presents a turnkey opportunity with completely upgraded major systems, including electricity, HVAC, and gas. A full liquor license is in place. The property features a fully renovated basement that includes a new walk-in cooler and freezer, an office, and a prep area. The current lease extends to December 2031, with monthly rent at $6,750, including property taxes. The building owner is prepared to cooperate with new permits, offering flexibility for rebranding or concept changes. The existing infrastructure allows for a quick opening with minimal additional investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lhasa Fresh Food — 81-09 41st Ave, Queens, NY 11373
    • NEW UNITED MOBILE — 82-02 Roosevelt Ave, Jackson Heights, NY 11372
    • Como En El Barrio Comida Peruana — 90-30 Roosevelt Ave, Queens, NY 11372
    • Prado'sCatering — 81-38 Baxter Ave, Queens, NY 11373
    • Catering Equipment — 3753 90th St, Jackson Heights, NY 11372

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -73.8836
    Latitude
    40.7514

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    FAQs

    What type of property is this?
    Restaurant - Fully renovated restaurant/bar with full liquor license in high-traffic area.
    Where is this restaurant located?
    The property is located at 84-18 Northern Boulevard Jackson Heights, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime location in a high‑traffic, energetic nightlife neighborhood in Queens.; Fully renovated with upgraded systems (electricity, HVAC, gas) for a turnkey operation.; Existing full liquor license included.
    (646) 620-3093
    We can help!
    Listing Contact
    Ana C. Rojas
    Learn More
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    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.

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