Mixed-Use Restaurant
13889/91 Francis Lewis Boulevard, Rosedale, NY 11422
For Sale
$3,499,000
The property combines a restaurant and full bar with upstairs residences and a separate takeout area.
Property Size5,456 SF
Price / SF$641.31
Days on Market89
Property Features for 13889/91 Francis Lewis Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Raj Marajh Realty LLC
Listed By:
Raj Marajh
(718) 276-1493
Source:
Adamstreetrealty
Added: Aug 12
Changed: Nov 7
Last Checked: Nov 7 at 8:13PM
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 Raj Marajh Realty LLC
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Investment Insights
Based on property information with market context.
This 5,456-square-foot mixed-use property contains a Jamaican-Chinese restaurant with a full bar, a basement, and a takeout area separate from the dining operation. Two three-bedroom rental units occupy the second floor. The building dates to 1920 and is zoned R3-2.
Located at 13889/91 Francis Lewis Boulevard in Rosedale, the property brings restaurant and residential uses together in one address. Its existing configuration includes distinct takeout service, restaurant space, basement area, and upstairs rental units.
Located at 13889/91 Francis Lewis Boulevard in Rosedale, the property brings restaurant and residential uses together in one address. Its existing configuration includes distinct takeout service, restaurant space, basement area, and upstairs rental units.
Key Highlights
- 5,456‑square‑foot mixed‑use property
- Jamaican‑Chinese restaurant with a full bar
- Two second‑floor three‑bedroom rental units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,517
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,050,340
$5.1M
Cap Rate 7%
$3,607,386
$3.6M
Cap Rate 9%
$2,805,744
$2.8M
Market Conditions
NOI Build-Up for 5,456 SF
Gross rent
$360.1K $66.00/SF
− Vacancy
−$23.4K −$4.29/SF
EGI
$336.7K $61.71/SF
− OpEx
−$84.2K −$15.43/SF
NOI
$252.5K $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%
$5,050,340
Cap Rate 7%
$3,607,386
Cap Rate 9%
$2,805,744
Alternative Uses
Best Use
Specialty Retail
$3.61M
$3.16M – $4.21M
NOI $252,517 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$1.91M
$1.67M – $2.22M
NOI $133,369 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,556 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Explore this area
Business Placement
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
$629,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a restaurant and full bar with upstairs residences and a separate takeout area.
Where is this mixed-use property located?
The property is located at 13889/91 Francis Lewis Boulevard Rosedale, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 5,456‑square‑foot mixed‑use property; Jamaican‑Chinese restaurant with a full bar; Two second‑floor three‑bedroom rental units
