Property summary
This exceptional Long Island City deli presents a lucrative investment opportunity. The property boasts a prime location and a substantial 1,400 square foot space, operating under a single-tenant lease with 10 years remaining. Currently generating a gross weekly income between $38,000 and $44,000, this well-established business translates to a monthly net income ranging from $35,000 to $40,000. The monthly rent is $16,000, providing a strong cash flow and significant return on investment. The asking price, including key money, is $849,000. This turnkey operation is ideal for an investor seeking a high-income-producing retail asset in a vibrant and densely populated area. The property's strong performance history and long-term lease provide financial stability and significant upside potential. The established customer base and proven business model ensure a seamless transition for the new owner. This is a rare opportunity to acquire a high-performing deli in a prime Long Island City location with exceptional financial prospects. The property's size and layout are well-suited for continued success, offering a significant advantage in a competitive market. This is a truly exceptional investment opportunity not to be missed.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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