Restaurant Space with Prep
For Sale
Contact for pricing
8317 Broadway, Elmhurst, NY 11373
Basement and mezzanine areas supplement dedicated food-preparation rooms.
Property Size8,600 SF
Price / SF$2.21
Days on Market57
Property Features for 8317 Broadway
General Information
Standard status
Active
Size
8,600 SF
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Sep 3
Changed: Oct 28
Last Checked: Oct 28 at 3:36PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
An 8,600 SF restaurant space at 8317 Broadway includes a basement, mezzanine, and prep rooms. The space is presented for food-service or retail use, with medical offices also identified as a possible use. Lease terms are modified net.
The property is on Broadway in Elmhurst, New York.
The property is on Broadway in Elmhurst, New York.
Key Highlights
- 8,600 SF restaurant space
- Includes basement, mezzanine, and prep rooms
- Modified net lease terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$398,030
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,960,600
$8.0M
Cap Rate 7%
$5,686,143
$5.7M
Cap Rate 9%
$4,422,556
$4.4M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$567.6K $66.00/SF
− Vacancy
−$36.9K −$4.29/SF
EGI
$530.7K $61.71/SF
− OpEx
−$132.7K −$15.43/SF
NOI
$398.0K $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%
$7,960,600
Cap Rate 7%
$5,686,143
Cap Rate 9%
$4,422,556
Alternative Uses
Best Use
Specialty Retail
$5.69M
$4.98M – $6.63M
NOI $398,030 @ 7.0% cap · market cap 2,094.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.55M – $7.40M
NOI $443,801 @ 7.0% cap · market cap 2,335.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,526
Businesses Nearby
180k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 34%
Home Improvements & Furnishings 9%
Groceries 5%
McDonald's
Dining
42,064 visits/mo
0.3 miles
Chase Bank
Shops & Services
20,943 visits/mo
0.4 miles
Speedway
Shops & Services
19,441 visits/mo
0.4 miles
Citibank
Shops & Services
16,364 visits/mo
0.4 miles
TD Bank
Shops & Services
16,130 visits/mo
0.4 miles
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
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
Similar Off Market Nearby
- Pakshala Dine — 8112 Broadway, Elmhurst, NY 11373
- icook buffet (好客火锅烧烤） — 81-17 broadway, queens, ny 11373
- Indian Taj — 3725 74th street, jackson heights, ny 11372
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Basement and mezzanine areas supplement dedicated food-preparation rooms.
Where is this conventional restaurant located?
The property is located at 8317 Broadway Elmhurst, NY.
What are key features of this property?
This property features: 8,600 SF restaurant space; Includes basement, mezzanine, and prep rooms; Modified net lease terms
