Gourmet Deli Store
For Sale
Contact for pricing
6121 Fresh Pond Rd, Middle Village, NY 11379
Turn-key deli store in a high-traffic commercial area.
Property Size1,100 SF
Price / SF$226.36
Days on Market723
Property Features for 6121 Fresh Pond Rd
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Business for Sale, Retail
Zoning
R4-1
Building Details
Year Built
1930
Listing Agency:
PRIME AMERICA REAL ESTATE INC
(646) 371-6141
Listed By:
Gobinda Lama · License #10401321138
Source:
Crexi
Added: Aug 28, 2024
Changed: Aug 11
Last Checked: Aug 19 at 6:47AM
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 PRIME AMERICA REAL ESTATE INC
Investment Insights
Based on property information with market context.
The Freshpond Corp. Gourmet Deli store, situated at 6121 Fresh Pond Rd., presents a business opportunity at the junction of Middle Village, Maspeth, and Ridgewood. The store is surrounded by brands such as Wendy's, Dunkin' Donuts, Taco Bell, Subway, Wingstop, and Popeyes. The property includes 1,100 sq. ft. of retail space, along with an additional 1,100 sq. ft. basement used for storage. The location has a 9-year lease in place and a monthly rent of $3,400.
Key Highlights
- Prime location at the junction of Middle Village, Maspeth, and Ridgewood with high visibility and foot traffic.
- Turn‑key gourmet deli store ready for immediate operation.**
- Low rent of $3,400 per month with a secure 9‑year lease.
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
$19,635
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
7.89%
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%
$392,700
$392.7K
Cap Rate 7%
$280,500
$280.5K
Cap Rate 9%
$218,167
$218.2K
Market Conditions
NOI Build-Up for 1,100 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
$33.0K $30.00/SF
− Vacancy
−$5.0K −$4.50/SF
EGI
$28.1K $25.50/SF
− OpEx
−$8.4K −$7.65/SF
NOI
$19.6K $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%
$392,700
Cap Rate 7%
$280,500
Cap Rate 9%
$218,167
Alternative Uses
Best Use
Specialty Retail
$727.3K
$636.4K – $848.5K
NOI $50,911 @ 7.0% cap · market cap 20.45%
Second Best
Retail
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,765 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,232
Businesses Nearby
172k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 39%
Groceries 5%
Home Improvements & Furnishings 4%
McDonald's
Dining
26,349 visits/mo
0.4 miles
Wendy's
Dining
22,550 visits/mo
0.1 miles
TD Bank
Shops & Services
15,017 visits/mo
0.2 miles
Dunkin' Donuts
Dining
13,192 visits/mo
0.3 miles
Citgo
Shops & Services
11,444 visits/mo
0.0 miles
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turn-key deli store in a high-traffic commercial area.
Where is this grocery and convenience store located?
The property is located at 6121 Fresh Pond Rd Middle Village, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Prime location at the junction of Middle Village, Maspeth, and Ridgewood with high visibility and foot traffic.; Turn‑key gourmet deli store ready for immediate operation.**; Low rent of $3,400 per month with a secure 9‑year lease.
