Restaurant Property with Takeout
For Sale
$2,500,000
139-20 243rd Street, Rosedale, NY 11422
Existing dining, bar, kitchen, and takeout areas support a functioning food-service operation.
Property Size2,625 SF
Days on Market13
Property Features for 139-20 243rd Street
General Information
Standard status
Active
Size
2,625 SF
Property subtype
Commercial
Zoning
R3-2
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$26,756
Amenities
basement storage
separate entrance
Building Details
Building Size
2,625 SF
Year Built
1949
Buildings
1
Listing Agency:
RE/MAX Southshore Realty
(516) 444-1423
Listed By:
Laxshmi Sookraj-Mohamed
(516) 444-1423
Source:
Mydreamhomerealty
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 5:06PM
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 RE/MAX Southshore Realty
Investment Insights
Based on property information with market context.
This restaurant property includes an established dining and takeout business, with dedicated areas for customer seating, a bar, and a functional kitchen. An existing takeout setup supports off-premises service, while the sale includes the restaurant’s equipment and furniture. Dedicated on-site parking is also part of the property.
A full basement provides additional storage and has a separate exterior entrance. The property is zoned R3-2 and was built in 1949. Its location is one block from the LIRR and minutes from Green Acres Shopping Mall and JFK Airport, with access and visibility identified as notable site characteristics.
A full basement provides additional storage and has a separate exterior entrance. The property is zoned R3-2 and was built in 1949. Its location is one block from the LIRR and minutes from Green Acres Shopping Mall and JFK Airport, with access and visibility identified as notable site characteristics.
Key Highlights
- Established dining and takeout restaurant business included
- Dining area, bar, functional kitchen, and takeout setup
- Equipment and furniture included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,492
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,429,840
$2.4M
Cap Rate 7%
$1,735,600
$1.7M
Cap Rate 9%
$1,349,911
$1.3M
Market Conditions
NOI Build-Up for 2,625 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$173.3K $66.00/SF
− Vacancy
−$11.3K −$4.29/SF
EGI
$162.0K $61.71/SF
− OpEx
−$40.5K −$15.43/SF
NOI
$121.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,429,840
Cap Rate 7%
$1,735,600
Cap Rate 9%
$1,349,911
Alternative Uses
Best Use
Specialty Retail
$1.74M
$1.52M – $2.02M
NOI $121,492 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$235.9K
$206.4K – $275.2K
NOI $16,514 @ 7.0% cap · market cap 0.66%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,463 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Minuteman Press
Shops & Services
1,118 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining, bar, kitchen, and takeout areas support a functioning food-service operation.
Where is this conventional restaurant located?
The property is located at 139-20 243rd Street Rosedale, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Established dining and takeout restaurant business included; Dining area, bar, functional kitchen, and takeout setup; Equipment and furniture included in the sale
