Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 0 58 St
- Property type
- Restaurants
- Property subtype
- Commercial kitchens
Description
This exceptional Queens catering hall presents a unique investment opportunity. Located at 58th St, near Maspeth Ave in Queens County, New York (zip code 11377), this single-tenant property boasts over 10,000 square feet of space. The current tenant operates a thriving restaurant with a capacity exceeding 500 guests, making it ideal for large-scale events and catering services. The property is offered at a significantly reduced price of $1,285,000. A key advantage is the low monthly rent of $14,000, which includes real estate taxes, providing a strong cash flow potential for the investor. The lease has over 20 years remaining, offering long-term stability and predictable income. This well-established business enjoys a prime location in Queens, benefiting from high visibility and easy access. The property's substantial size and established clientele make it an attractive proposition for discerning investors seeking a stable and profitable venture in the vibrant New York City restaurant market. The property is classified as a restaurant with a catering subtype. This is a single-tenant occupancy. The property's latitude and longitude coordinates are 40.7432194 and -73.9071687 respectively.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9072
- Latitude
- 40.7432
