Equipped Restaurant in Jackson
For Sale
$430,000
80-26 Roosevelt Ave Ave, Long Island City, NY 11372
Operating restaurant with liquor license near 82nd Street subway.
Property Size2,000 SF
Days on Market267
Property Features for 80-26 Roosevelt Ave Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Other
Building Details
Building Size
2,000 SF
Year Built
2016
Listing Agency:
MY BOROUGH REALTY LLC
(347) 489-1618
Listed By:
Osmar Dos Reis
(347) 489-1618
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 21 at 12:09PM
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 MY BOROUGH REALTY LLC
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a fully equipped restaurant with a liquor license, currently open and operating. The restaurant is located in the Jackson Heights neighborhood, at the corner of Roosevelt Avenue and 81st Street, and is situated one block from the 82nd Street subway station serving the 7 train. Established in 2016, the restaurant previously operated as a Brazilian restaurant, specializing in Brazilian BBQ sold by the pound, with a buffet of Brazilian dishes. The landlord is willing to negotiate a new lease with the new owner for a term of 10 or 15 years.
Key Highlights
- Prime location in Jackson Heights at the corner of Roosevelt Ave and 81st Street.
- Existing restaurant business with a liquor license.
- One block from the 82nd Street subway station (7 Train).
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
$35,700
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
8.30%
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%
$714,000
$714.0K
Cap Rate 7%
$510,000
$510.0K
Cap Rate 9%
$396,667
$396.7K
Market Conditions
NOI Build-Up for 2,000 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
$60.0K $30.00/SF
− Vacancy
−$9.0K −$4.50/SF
EGI
$51.0K $25.50/SF
− OpEx
−$15.3K −$7.65/SF
NOI
$35.7K $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%
$714,000
Cap Rate 7%
$510,000
Cap Rate 9%
$396,667
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,565 @ 7.0% cap · market cap 21.53%
Second Best
Retail
$510.0K
$446.3K – $595.0K
NOI $35,700 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 24.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,269
Businesses Nearby
328k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 27%
Dining 24%
Apparel 7%
Super Foodtown
Groceries
26,968 visits/mo
0.4 miles
McDonald's
Dining
24,424 visits/mo
0.2 miles
Chase Bank
Shops & Services
22,417 visits/mo
0.5 miles
Chase Bank
Shops & Services
20,943 visits/mo
0.5 miles
Key Food Supermarkets
Groceries
20,764 visits/mo
0.3 miles
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
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.
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- Catering Equipment — 3753 90th St, Jackson Heights, NY 11372
Frequently Asked Questions
What type of property is this?
Restaurant - Operating restaurant with liquor license near 82nd Street subway.
Where is this restaurant located?
The property is located at 80-26 Roosevelt Ave Ave Long Island City, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Prime location in Jackson Heights at the corner of Roosevelt Ave and 81st Street.; Existing restaurant business with a liquor license.; One block from the 82nd Street subway station (7 Train).
