Street-Level Restaurant
For Sale
$429,999
20815 LINDEN BLVD, Jamaica, NY 11411
First-floor commercial space with central air, positioned directly across from the Q4 bus stop.
Property Size1,079 SF
Price / SF$398.52
Days on Market225
Property Features for 20815 LINDEN BLVD
General Information
Standard status
Active
Size
1,079 SF
Property subtype
Retail
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$7,196
Amenities
Central Air
3
Building Details
Year Built
1952
Listing Agency:
EXP Realty
(917) 702-5370
Listed By:
Sarsha Laguerre · License #10401303417
(917) 702-5370
Source:
Xome
Added: Jan 18
Changed: Aug 31
Last Checked: Aug 31 at 12:41PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a commercial storefront at street level with central air. The building was constructed in 1952 and is identified as a restaurant-oriented commercial asset.
Located at 20815 Linden Blvd in Jamaica, the property sits across from the Q4 bus stop. Its storefront configuration places the commercial space directly along the avenue, with public transit immediately opposite the building.
Located at 20815 Linden Blvd in Jamaica, the property sits across from the Q4 bus stop. Its storefront configuration places the commercial space directly along the avenue, with public transit immediately opposite the building.
Key Highlights
- First‑floor commercial storefront
- Central air conditioning
- Across from the Q4 bus stop
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
$19,260
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
4.48%
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%
$385,200
$385.2K
Cap Rate 7%
$275,143
$275.1K
Cap Rate 9%
$214,000
$214.0K
Market Conditions
NOI Build-Up for 1,079 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
$32.4K $30.00/SF
− Vacancy
−$4.9K −$4.50/SF
EGI
$27.5K $25.50/SF
− OpEx
−$8.3K −$7.65/SF
NOI
$19.3K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$385,200
Cap Rate 7%
$275,143
Cap Rate 9%
$214,000
Alternative Uses
Best Use
Specialty Retail
$713.4K
$624.2K – $832.3K
NOI $49,939 @ 7.0% cap · market cap 11.61%
Second Best
Retail
$275.1K
$240.8K – $321.0K
NOI $19,260 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$795.5K
$696.0K – $928.0K
NOI $55,682 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
11,808 visits/mo
0.5 miles
Dollar General
Shops & Services
9,246 visits/mo
0.4 miles
Demographics for 11411, NY
19,579
Population
6,775
Households
2.9
Avg Household Size
45
Median Age
36%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
16,316
Density / Sq Mi
$118,393
Median Household Income
$52,378
Median Earnings
$1,605
Median Rent
$621,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- 229 Linden — 22902 Linden Blvd, Queens, NY 11411
Frequently Asked Questions
What type of property is this?
Conventional restaurant - First-floor commercial space with central air, positioned directly across from the Q4 bus stop.
Where is this conventional restaurant located?
The property is located at 20815 LINDEN BLVD Jamaica, NY.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: First‑floor commercial storefront; Central air conditioning; Across from the Q4 bus stop
