Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Ice Cream Shop Title is generated by Realmo AI

    42-16 Greenpoint Avenue, Sunnyside, NY 11104

    View on Map
    Claim this Listing
    For Sale
    $45,000

    Commercial Business - Sunnyside, NY

    Property size:
    600 SF
    Price / SF:
    $75/SF
    Added:
    Apr 22, 2026
    Days on Market:
    43
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 42-16 Greenpoint Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Garage
    Standard status
    Active
    Size
    600 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hans Campana

    Listing agent Hans Campana

    Listing office ONE STOP MULTISERVICE INC 41-39 54 ST SUITE 4, WOODSIDE, NY

    Listing date Apr 22, 2026

    MLS# 11736371 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully equipped, ready‑to‑operate ice cream shop storefront at 42‑16 Greenpoint Avenue, Sunnyside, Queens
    • Rent is $4,235/month with a 4‑year lease term remaining and a 5‑year renewal option
    • Directly across from Thomas P. Noonan Jr. Playground
    • Busy commercial corridor location, about one block from the 7 train

    Overview

    This turnkey ice cream shop is built out and ready for immediate operation. The space is fully equipped, positioned for an owner-operator who wants to step in and continue business with minimal setup, or for an investor looking for a low-entry opportunity. The offering emphasizes convenience and functionality, presenting a ready-to-run layout rather than raw or underdeveloped space.

    Located on Greenpoint Avenue in Sunnyside, the storefront benefits from strong neighborhood visibility. The property sits directly across from Thomas P. Noonan Jr. Playground and is surrounded by schools, supporting a consistent base of foot traffic. It is also positioned in a busy commercial corridor, with the 7 train approximately one block away, providing convenient transit access for daily customers.

    With 4 years remaining on the existing lease and a 5-year renewal option, this purchase can align well with buyers seeking continuity and reduced ramp-up time. Current rent is listed at $4,235 per month. Overall, the combination of turnkey operations, prominent storefront location, and neighborhood demand makes this an appealing fit for an operator or investor focused on maintaining steady, pedestrian-driven business activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sunnyside Tattoo Tattoo & Piercing Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyside
    County
    Queens
    State
    New York
    Longitude
    -73.922502
    Latitude
    40.740528

    Nearby Similar for Sale

    • $4,599,000
      5,220 SF

      Sunnyside Corner Commercial Property

      Income-producing property with gas station, store, and repair shop.
      39-04 Skillman Avenue, Sunnyside, NY 11104
      View Details
    • $210,000

      Established Laundromat in Sunnyside

      Turnkey laundromat business for sale in a desirable location.
      43-45 41 Street, Sunnyside, NY 11104
      View Details
    • $2,290,000

      Renovated Mixed-Use Income Property

      Three-unit mixed-use property in Sunnyside, near transportation and amenities.
      39-31 47th Avenue, Sunnyside, NY 11104
      View Details
    • $110,000

      Restaurant Business Opportunity in Sunnyside

      Restaurant space for sale in high-traffic Sunnyside location.
      41-02 Greenpoint Avenue, Sunnyside, NY 11104
      View Details
    • $2,695,000

      Sunnyside Mixed-Use Building For Sale

      Mixed-use building with commercial space and residential units in Sunnyside.
      4311 Queens Boulevard, Sunnyside, NY 11104
      View Details
    • $1,600,000

      Sunnyside Triplex with Renovated Units

      Spacious Sunnyside triplex with renovated units and convenient location.
      45-47 43 Street, Sunnyside, NY 11104
      View Details
    • $1,325,000

      Sunnyside Two-Family Brick House

      Two-family brick house in the heart of Sunnyside Gardens.
      3921 48th Street, Sunnyside, NY 11104
      View Details
    • $85,000
      700 SF

      Established Beauty & Skin Care Spa

      Well-established spa with private treatment rooms, modern equipment, and a long-running client base in a high-foot-traffic area.
      44-16 Greenpoint Avenue, Sunnyside, NY 11104
      View Details
    • $1,150,000

      Sunnyside Six-Unit Residential Building

      Six-unit residential building in Sunnyside, Queens.
      47-49 44th St, Sunnyside, NY 11377
      View Details
    • $3,770,000
      11,000 SF

      Established Sunnyside Anti-Aging Skin Care

      Fully functioning skin care center with established client base.
      4408-4424 Greenpoint Ave, Sunnyside, NY
      View Details
    • $1,425,000
      4,974 SF

      Sunnyside Multifamily 6-Unit Walk-Up

      Multifamily 6-unit walk-up building in Sunnyside, New York.
      41-45 49th St, Sunnyside, NY 11104
      View Details
    • Contact for pricing
      10,148 SF

      Sunnyside Industrial Space Available

      10,148 SF industrial space for sale in Sunnyside.
      52-25 Barnett Avenue, Sunnyside, NY 11104
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped, ready-to-operate ice cream parlor with a high-visibility storefront in a busy Queens commercial corridor.
    Where is this conventional restaurant located?
    The property is located at 42-16 Greenpoint Avenue Sunnyside, NY.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Fully equipped, ready‑to‑operate ice cream shop storefront at 42‑16 Greenpoint Avenue, Sunnyside, Queens; Rent is $4,235/month with a 4‑year lease term remaining and a 5‑year renewal option; Directly across from Thomas P. Noonan Jr. Playground
    (917) 816-3200
    We can help!
    Listing Contact
    Hans Campana
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    42-16 Greenpoint Avenue, Sunnyside, NY 11104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!