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Restaurant Business with Equipped Kitchen
New
For Sale
$288,800

72-06 Austin Street, Forest Hills, NY 11375

Commercial Sale, Forest Hills, NY

Property SizeContact for details
Days on Market7

Property Features for 72-06 Austin Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Basement Storage Space
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Directions see google map
Standard status Active

Utilities

Utilities Water Available
Heating system Oil
Water source Private

Amenities

street parking

Building Details

Building materials Block
Listing Agency: B Square Realty
Listed By: Zhong Jin Chen · License #10401370753
Added: Sep 18 Changed: Sep 20 Last Checked: Sep 24 at 2:06AM
MLS# 1053087

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

Investment Insights

Based on property information with market context.

This restaurant business sale includes approximately 2,000 SF of restaurant space plus a basement. The premises feature a fully equipped commercial kitchen and a beer and wine license. A 7+5 year lease with 3% annual increases is in place, and the transaction is for the business only.

The property is located at 72-06 Austin Street in Forest Hills, NY 11375. Street parking is available, and the surrounding area includes supermarkets, pharmacies, restaurants, national retailers, and residential communities. The property has block construction, oil heating, water available, and a private water source.

Key Highlights

  • Approximately 2,000 SF plus basement
  • Fully equipped commercial kitchen
  • Beer and wine license

Property Analytics

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Current Use

Spy C Cuisine Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Hotel & Motel Auto Parts Store Barber Shop Furniture & Home Goods Grocery & Convenience Store

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4,816
Businesses Nearby
498k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Apparel 28% Shops & Services 23% Groceries 7%
JCPenney Apparel
137,981 visits/mo 0.4 miles
Olive Garden Dining
72,662 visits/mo 0.3 miles
Dunkin' Donuts Dining
41,038 visits/mo 0.3 miles
BP Shops & Services
32,450 visits/mo 0.2 miles
7-Eleven Shops & Services
22,657 visits/mo 0.5 miles

Demographics for 11375, NY

72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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 - Restaurant business with a fully equipped kitchen, beer and wine license, and a 7+5 year lease structure.
Where is this conventional restaurant located?
The property is located at 72-06 Austin Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $288,800.
What are key features of this property?
This property features: Approximately 2,000 SF plus basement; Fully equipped commercial kitchen; Beer and wine license
More about this property
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