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    4512 23Rd St Long Island City, NY 11101

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    For Lease
    $8,000 /Mo ($53 SF/Yr)

    Fully equipped restaurant space in Long Island City for rent.

    Property size:
    1,800 SF
    Lot size:
    0.08 Acres

    Property Features for 4512 23Rd St

    General Information

    Size
    1,800 SF
    Lot size
    0.08 Acres

    Source: Nest Seekers International - Corporate Agent Angelo Medda

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Equipped Restaurant Space Available

    This commercial restaurant space in Long Island City, New York, offers an incredible opportunity. The property features a 1,800 square-foot ground floor with very high ceilings and a full basement, totaling 3,600 square feet. The restaurant level and basement are fully equipped, and ventilation is in place. Situated in a very busy location close to the subway, the property benefits from high traffic. It is located across from a Citibank skyscraper and near the PS1 MOMA Museum, specifically across from court buildings and one block off of Jackson Avenue. The tenant will be responsible for 50% of the real estate tax, approximately $15,000 per year, and will also pay DEP for water consumption. Utilities are not included in the rent. There is an option to purchase the restaurant equipment. The property is located on Block 77, Lot 29.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Similar Places Nearby

    Y-Cats Craft Service & Jayse Catering, Little Urban Foods Catering, Nuhma Inflight Dining, Ask Chef Ryan | Personal Chef & Catering Services | ACR & Co., Kandja St.

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.94574
    Latitude
    40.746591

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    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant space in Long Island City for rent.
    Where is this restaurant located?
    The property is located at 4512 23Rd St Long Island City, NY.
    What is the lease rate?
    The lease rate is $53 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped restaurant space, ready for immediate operation.; - High-traffic location across from Citibank skyscraper and near PS1 MOMA Museum.; - Large space: 1,800 sq ft ground floor plus a full 1,800 sq ft basement (3,600 sq ft total).
    (917) 528-2691
    Request Owner's contact information
    4512 23Rd St Long Island City, NY 11101
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    Long Island City, NY 11101
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    Realmo Value Estimation

    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.

    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.

    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
    4512 23Rd St Long Island City, NY 11101
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