Korean Restaurant with Commercial
For Sale
$248,000
14409 41st Ave, Flushing, NY 11355
Established restaurant business with dining, storage, and full kitchen infrastructure in a transit-served commercial district.
Property Size1,500 SF
Price / SF$165.33
Days on Market9
Property Features for 14409 41st Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
COMMERCIAL
Restaurant
Seating Capacity
50
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Floor
Ground
Business Included
Yes
Building Details
Building Size
1,500 SF
Listing Agency:
Chase Global Realty Corp
(718) 355-8788
Listed By:
Sophia X. Yao · License #10311201216
Source:
Cbwarburg
Added: Jul 23
Changed: Jul 31
Last Checked: Jul 31 at 2:06PM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
Established Korean cuisine and late-night dining restaurant in Flushing’s Murray Hill commercial district. The approximately 1,500 SF ground-floor space provides seating for about 50 guests, while an approximately 1,500 SF full basement adds a walk-in cooler and ample refrigeration and storage space.
The fully equipped commercial kitchen includes a BBQ hood and ventilation system, with existing kitchen equipment and fixtures included in the sale. The business is surrounded by residential neighborhoods, restaurants, the LIRR station, and bus stops. The lease has 2 years remaining with a 5-year renewal option.
The fully equipped commercial kitchen includes a BBQ hood and ventilation system, with existing kitchen equipment and fixtures included in the sale. The business is surrounded by residential neighborhoods, restaurants, the LIRR station, and bus stops. The lease has 2 years remaining with a 5-year renewal option.
Key Highlights
- Approximately 1,500 SF ground‑floor restaurant with seating for about 50 guests
- Approximately 1,500 SF full basement with walk‑in cooler, refrigeration, and storage
- Fully equipped commercial kitchen with BBQ hood and ventilation system
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.2k | $9.48 |
| − Vacancy | −$739 | −$0.49 |
| EGI | $13.5k | $8.99 |
| − OpEx | −$4.0k | −$2.70 |
| NOI | $9.4k | $6.29 |
1,500 SF · lease $9.48/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 27.99%
Second Best
Industrial
$134.8K
$118.0K – $157.3K
NOI $9,436 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 31.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
8,547
Businesses Nearby
206k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 47%
Electronics 18%
Shops & Services 18%
Dining 10%
The Home Depot
Home Improvements & Furnishings
95,673 visits/mo
0.2 miles
Best Buy
Electronics
37,064 visits/mo
0.1 miles
Chase Bank
Shops & Services
19,494 visits/mo
0.5 miles
Mobil
Shops & Services
15,325 visits/mo
0.3 miles
Best Western Queens Court Hotel
Hotels & Casinos
14,763 visits/mo
0.4 miles
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
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.
Similar Off Market Nearby
- Picnic Garden BBQ BUFFET — 154-05 Northern Blvd, Flushing, NY 11354
- East Buffet — 4207 Main St, Queens, NY 11355
- Sea & Sky Feast Buffet 海天盛宴 — 133-38 Sanford Ave, Flushing, NY 11355
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant business with dining, storage, and full kitchen infrastructure in a transit-served commercial district.
Where is this conventional restaurant located?
The property is located at 14409 41st Ave Flushing, NY.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Approximately 1,500 SF ground‑floor restaurant with seating for about 50 guests; Approximately 1,500 SF full basement with walk‑in cooler, refrigeration, and storage; Fully equipped commercial kitchen with BBQ hood and ventilation system
