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    29-05 23Rd Ave Queens, NY 11105

    Sponsored
    For Sale
    $750,000

    Established eatery, high potential, $750,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional opportunity presents a well-established Greek restaurant for sale in the vibrant Queens, New York neighborhood. Located at 29-05 23rd Ave, Queens, NY 11105, this business boasts a prime location within Queens County. The asking price for this turnkey operation is $750,000. The restaurant is categorized as a "Business Only" sale, meaning the sale focuses solely on the established business and its operational assets. Further details regarding the specifics of the business's operational aspects, including financials, inventory, and lease terms, are available upon request. This presents a unique chance for an experienced restaurateur or a savvy investor to acquire a profitable and well-regarded establishment in a high-traffic area of Queens. The property's precise geographic coordinates are 40.7750384 latitude and -73.913409 longitude. Serious inquiries only. Contact us to schedule a viewing and explore this exciting investment opportunity. This is a business-only sale

    Property Features for 29-05 23Rd Ave

    General Information

    Property type
    Investment properties

    HighLights

    • Established Greek restaurant for sale in prime Queens, NY location.
    • Asking price: $750,000.
    • Business‑only sale; operational assets only.
    • Located at 29‑05 23rd Ave, Queens, NY 11105.
    • Financial details and lease terms available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zorbas Greek Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.913409
    Latitude
    40.7750384

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    FAQs

    What type of property is this?
    Investment property - Established eatery, high potential, $750,000
    Where is this investment property located?
    The property is located at 29-05 23Rd Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Established Greek restaurant for sale in prime Queens, NY location.; Asking price: $750,000.; Business-only sale; operational assets only.
    (347) 665-8019
    Request Owner's contact information
    29-05 23Rd Ave Queens, NY 11105
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    Queens, NY 11105
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    Realmo Value Estimation

    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.

    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.

    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
    29-05 23Rd Ave Queens, NY 11105
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