0 44Th Dr, Queens, NY 11101
This thriving Long Island City bar and restaurant, located at 44th Dr in Queens, NY 11101, presents a unique turnkey investment opportunity. The 1,900 square foot space is currently operating under a gross lease with a remaining term of approximately 3.7 years, expiring July 31, 2028, with a 10-year lease option available. Priced at $369,000 ($194.21/sq ft), this single-unit establishment boasts a strong, established customer base and consistent year-over-year growth. All furniture, fixtures, kitchen equipment, and inventory (including wine, liquor, and mixers) are included in the asking price. The business benefits from its prime location on a high-traffic connector road, enhanced by the recent opening of a trade school across the street, driving increased foot traffic and potential clientele. The current owner, retiring after building a loyal customer base with minimal advertising, is willing to provide support and training to ensure a smooth transition for the new owner. Significant upside potential exists through the implementation of an online marketing strategy and social media presence to further expand the already profitable operation. This is an exceptional opportunity for an owner/user to acquire a well-established business with immediate profitability and significant growth potential in a vibrant Long Island City location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.