Property profile

0 Roosevelt Ave Queens, NY 11354

OFF-MARKET
Commercial real estate
8,000 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Chinese restaurant opportunity is located in the heart of Flushing, Queens, at a prime location just one block from Macy's and Main Street. Boasting a generous 8,000 square feet of space, this newly renovated establishment offers a first floor and basement layout, providing ample room for operations. The property includes five private party rooms and two large rooms equipped for karaoke/KTV entertainment, catering to diverse customer preferences. A fully functional kitchen is situated on both the first floor and in the basement, ensuring efficient food preparation and service. The asking price is $490,000, translating to $61.25 per square foot. This turnkey business presents a unique chance to acquire a well-established and profitable restaurant in a high-traffic area with excellent accessibility and visibility. The recent renovation ensures modern aesthetics and functionality, minimizing immediate capital expenditure needs. The strategic location near major retail anchors like Macy's guarantees high foot traffic and convenient access for customers. This is an ideal investment for experienced restaurateurs seeking a profitable venture in a vibrant and densely populated neighborhood. The property is zoned for business use only.

Property profile

Verified
Property type Commercial real estate
Total area 8,000 SF

Cap rate & NOI

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

Location

Roosevelt Ave Queens, NY 11354
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Roosevelt Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message