Property profile

42-60 Crescent St Queens, NY 11101

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This newly renovated restaurant in Long Island City, Queens offers a fantastic turnkey opportunity for a discerning restaurateur. Located at 42-60 Crescent Street, this single-tenancy space boasts a prime corner location with the added benefit of outdoor seating, perfect for maximizing capacity and creating a vibrant atmosphere. The kitchen is fully equipped and properly vented, ensuring a smooth and efficient operation. The property is conveniently situated near multiple subway lines, including the E, F, M, R, 7, G, N, and W trains, providing exceptional accessibility for both staff and customers. This ensures a high volume of foot traffic and easy commuting options. The asking price includes key money, the details of which are available upon request. This exceptional restaurant space presents a rare opportunity to acquire a fully operational and well-located business in a thriving neighborhood. The property is situated in Queens County, New York, with a zip code of 11101. The property type is retail and restaurant, specifically categorized as a restaurant. This is a single-tenancy space, ideal for an owner-operator or a small restaurant group. Serious inquiries only.

Property profile

Verified
Property type Retail properties & Spaces

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
  • (Bike/Boat/Book/etc) Store
  • Condominium Complex
  • Cafe & Coffee Shop
  • (Bike/Boat/Book/etc) Store Florist

Location

42-60 Crescent St Queens, NY 11101
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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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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