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    79-09 Roosevelt Ave Flushing, NY 11372

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    For Sale
    $215,000

    2,000 SF renovated restaurant with basement on Roosevelt Avenue.

    Lot size:
    0.04 Acres

    Property Features for 79-09 Roosevelt Ave

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1931

    Source: RE/MAX Team Agent Victor Weinberger

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

    Overview

    Renovated Restaurant on Roosevelt Avenue

    This is a 2,000 square foot renovated restaurant with a basement, situated on Roosevelt Avenue, which experiences heavy pedestrian traffic. The property is currently operating as Mister Cangrejo. The lease term is 10 years, consisting of a 5-year term plus a 5-year option. The monthly rent is $12,000, which equates to $72 per square foot. The tenant contributes $2,000 per month towards taxes. The first floor features a restaurant with a bar, a professionally updated kitchen, and seating areas. There is a rear seating section equipped with four large TV screens, and a front section that includes the bar area, customer tables, and four additional large TV screens. The large basement contains two walk-in refrigerators and one ice box. Additionally, the basement includes a half bath and an office equipped with security cameras. This property is suitable for restaurant, retail, or bar use.
    Location Intelligence

    Current Use by Public Records

    Arcia & Associates, P.C. Personal Injury Attorney

    Suggested Use

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

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

    Similar Places Nearby

    Did You Khado, Lee K of Ny Inc, Aramark, hibachi home, Amor Hibachi Catering Service & Outdoor BBQ

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.914257
    Latitude
    40.744008

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    FAQs

    What type of property is this?
    Restaurant - 2,000 SF renovated restaurant with basement on Roosevelt Avenue.
    Where is this restaurant located?
    The property is located at 79-09 Roosevelt Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Prime location on high-traffic Roosevelt Ave strip.; - Below-market rent of $12,000/month ($72/SF) compared to the area's $100/SF going rate.; - Recently renovated 2,000 Sq.Ft restaurant space with a basement.
    (917) 806-7040
    Request Owner's contact information
    79-09 Roosevelt Ave Flushing, NY 11372
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    Flushing, NY 11372
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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
    79-09 Roosevelt Ave Flushing, NY 11372
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