Property profile

26-20 Jackson Ave Queens, NY 11101

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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

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
  • Restaurant
  • Corporate Office

Location

26-20 Jackson Ave Queens, NY 11101
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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