Technical
Financial
Distress signals
Property profile

192-12 Northern Blvd Queens, NY 11358

OFF-MARKET
Retail properties & Spaces
3,040 SF Built 1928
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This thriving Flushing ramen izakaya, located on Northern Boulevard at 192-12, presents a unique investment opportunity. The 3,040 square foot space, built in 1928, sits on a 2,253 square foot lot and boasts a strong track record of success. Currently generating a gross annual income of $500,000, this well-established restaurant (operating for 10 years) benefits from a prime location in a mixed-use area of Queens, New York, with ample parking. The property includes a 1,100 square foot main floor, a 1,100 square foot basement, and a backyard. The current lease is 5+5 years, with a monthly rent of $4,800 and monthly taxes of $342. A three-month security deposit is required. The restaurant is fully equipped and holds a liquor license, offering potential for expansion into sushi or other cuisines. Asking price is $288,000, representing a price per square foot of $94.74. This is an exceptional opportunity to acquire a profitable, established business in a high-demand area. The property is zoned for retail use and is located in zip code 11358, Queens County, New York.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1928
Total area 3,040 SF

Cap rate & NOI

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

Location

192-12 Northern Blvd Queens, NY 11358
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 192-12 Northern Blvd?
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