Building Details

Building Size 2,890 SF

Year Built 1930

Buildings 1

Stories 3

Units 3

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: May 23 Changed: Oct 26 Last Checked: Oct 26 at 3:42AM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

The property combines a restaurant-equipped commercial space on the ground floor and basement with two upper residential levels. The restaurant setup includes kitchen equipment, two walk-in boxes, seating furniture, and two bathrooms. Each residential floor has three bedrooms, a full bathroom, a living and dining area, and a kitchen.

Built in 1930, the building is on Queens Boulevard, with a train station and bus service nearby.

Key Highlights

• Restaurant setup includes kitchen equipment, two walk‑in boxes, tables, chairs, and 2 bathrooms
• Two upper floors, each with 3 bedrooms, a full bathroom, living and dining areas, and a kitchen
• 2,890 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$133,756

Cap Rate

4.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,675,120 $2.7M

Cap Rate 7%

$1,910,800 $1.9M

Cap Rate 9%

$1,486,178 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,890 SF

Gross rent

$190.7K $66.00/SF

− Vacancy

−$12.4K −$4.29/SF

EGI

$178.3K $61.71/SF

− OpEx

−$44.6K −$15.43/SF

NOI

$133.8K $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%

$2,675,120

Cap Rate 7%

$1,910,800

Cap Rate 9%

$1,486,178

Alternative Uses

Best Use

Specialty Retail

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,756 @ 7.0% cap · market cap 4.96%

Second Best

Apartment 5plus

$1.01M

$883.1K – $1.18M (±1% cap)

NOI $70,644 @ 7.0% cap · market cap 2.62%

Theoretical Best

Office A

$2.13M

$1.86M – $2.49M (±1% cap)

NOI $149,138 @ 7.0% cap · market cap 5.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

BLVD DINER Restaurant

Suggested Use

Top Pick Law Firm Nursing Home Acupuncture (Bike/Boat/Book/etc) Store Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,897

Businesses Nearby

Explore this area Business Placement

Demographics for 11104, NY

27,407

Population

13,224

Households

2.1

Avg Household Size

39

Median Age

51%

College-Educated

93%

High-School Grad

0.4 sq mi

ZIP Area

68,518

Density / Sq Mi

$84,716

Median Household Income

$60,346

Median Earnings

$1,924

Median Rent

$665,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground and basement commercial space is equipped for restaurant use, with two residential floors above.

Where is this mixed-use property located?

The property is located at 4311 Queens Boulevard Sunnyside, NY.

What is the asking price?

The asking price for this property is $2,695,000.

What are key features of this property?

This property features: Restaurant setup includes kitchen equipment, two walk‑in boxes, tables, chairs, and 2 bathrooms; Two upper floors, each with 3 bedrooms, a full bathroom, living and dining areas, and a kitchen; 2,890 square feet