Property profile

35-11 Queens Blvd Queens, NY 11101

OFF-MARKET
Retail properties & Spaces
12,500 SF Built 1931
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Property summary

AI-generated overview

This exceptional 12,500 square foot restaurant space, located at 35-11 Queens Boulevard in Queens, NY 11101, presents a remarkable opportunity for a discerning restaurateur. Built in 1931, this single-story, five-unit property boasts a fully equipped kitchen featuring top-of-the-line appliances including two pizza ovens, multiple fryers, a charcoal grill, and extensive refrigeration (including a new $28,000 walk-in box). The dining area is elegantly appointed with 14 tables and 60 indoor chairs, plus an additional 60 chairs for outdoor seating. Significant recent upgrades include new lighting ($21,000), drop ceilings ($5,700), and floor tiles ($17,000), all enhancing the upscale ambiance. The property also includes a full bar, a waterfall feature with remote-controlled lighting, two bathrooms, USB charging at every table, and a state-of-the-art security system with 16 cameras and an ADT alarm. New windows (remote controlled) and front doors are currently being installed, along with a new kitchen door. Two parking spaces are available, and the property comes with a 9-year lease remaining. The asking price is $900,000, with the owner open to a partnership arrangement.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1931
Total area 12,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Wine and Liquor Store
  • Restaurant
  • Medical Clinic Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store

Location

35-11 Queens Blvd Queens, NY 11101
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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