Single-Tenant Restaurant
138-58 Francis Lewis Boulevard, Rosedale, NY 11422
For Sale
Contact for pricing
Corner-site restaurant property with dedicated parking and an in-place lease extending through May 2029.
Property Size2,600 SF
Lot Size0.16 Acres
Price / SF$692.31
Days on Market104
Property Features for 138-58 Francis Lewis Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Corner Location
Building Details
Buildings
Units
Tenancy
Listing Agency:
Global Realty Services
Listed By:
Raj Whadwa · License NY #10401286837
(516) 316-0722
Source:
Crexi
Added: Aug 3
Changed: Nov 2
Last Checked: Nov 12 at 6:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Realty Services
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Investment Insights
Based on property information with market context.
This 2,600-square-foot restaurant building occupies a 6,908-square-foot corner parcel and is leased to a single restaurant operator. The current lease runs through May 31, 2029, with a potential 10-year extension under discussion. The property includes nine dedicated parking spaces, and the lot measures 60.4 feet by 114.6 feet.
Located at 138-58 Francis Lewis Boulevard in Rosedale, the property sits at the intersection with Brookville Boulevard along a commercial corridor serving surrounding one- and two-family neighborhoods in Rosedale, Laurelton, and Springfield Gardens. Nearby businesses include grocery, deli, dry-cleaning, optical, and quick-service food uses. MTA bus service is available at the corner, with access to the Belt Parkway, Sunrise Highway, and JFK International Airport approximately three miles away.
The property is 100% leased and reports a 7.34% actual cap rate before any lease extension.
Located at 138-58 Francis Lewis Boulevard in Rosedale, the property sits at the intersection with Brookville Boulevard along a commercial corridor serving surrounding one- and two-family neighborhoods in Rosedale, Laurelton, and Springfield Gardens. Nearby businesses include grocery, deli, dry-cleaning, optical, and quick-service food uses. MTA bus service is available at the corner, with access to the Belt Parkway, Sunrise Highway, and JFK International Airport approximately three miles away.
The property is 100% leased and reports a 7.34% actual cap rate before any lease extension.
Key Highlights
- 2,600 SF restaurant building on a 6,908 SF corner lot
- 100% leased to a single restaurant operator through May 31, 2029
- Nine dedicated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,335
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,406,700
$2.4M
Cap Rate 7%
$1,719,071
$1.7M
Cap Rate 9%
$1,337,056
$1.3M
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$171.6K $66.00/SF
− Vacancy
−$11.2K −$4.29/SF
EGI
$160.4K $61.71/SF
− OpEx
−$40.1K −$15.43/SF
NOI
$120.3K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,406,700
Cap Rate 7%
$1,719,071
Cap Rate 9%
$1,337,056
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.50M – $2.01M
NOI $120,335 @ 7.0% cap · market cap 6.69%
Second Best
Retail
$663.0K
$580.1K – $773.5K
NOI $46,410 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
Dunkin' Donuts
Dining
12,168 visits/mo
0.3 miles
Mobil
Shops & Services
2,600 visits/mo
0.3 miles
Demographics for 11422, NY
32,839
Population
10,694
Households
3.1
Avg Household Size
41
Median Age
33%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
15,638
Density / Sq Mi
$108,519
Median Household Income
$51,788
Median Earnings
$2,327
Median Rent
$629,100
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/SF for Conventional restaurants in Queens County, NY
Properties on Market for Conventional restaurants in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner-site restaurant property with dedicated parking and an in-place lease extending through May 2029.
Where is this conventional restaurant located?
The property is located at 138-58 Francis Lewis Boulevard Rosedale, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 2,600 SF restaurant building on a 6,908 SF corner lot; 100% leased to a single restaurant operator through May 31, 2029; Nine dedicated on‑site parking spaces
