163-08 Northern Blvd, Queens, NY 11358
This exceptional 4,000 square foot commercial land parcel, located at 163-08 Northern Boulevard in Queens, New York, presents a unique investment opportunity. The property boasts a prominent location on a busy commercial thoroughfare, offering high visibility and excellent foot traffic. Currently operating as a thriving coffee and bar establishment, the property includes a substantial 3,500 square foot basement and terrace, adding significant potential for expansion or alternative uses. The existing business benefits from a recently completed high-end renovation, featuring a modern and stylish design, and is equipped with a new, energy-efficient HVAC system. The current lease agreement provides a stable income stream of $8,030 per month, with an 8.5-year term and a 5-year renewal option. Some kitchen equipment and tables/chairs are included in the sale. The property is zoned for a variety of uses, including but not limited to snacks, BBQ, Japanese cuisine, and bubble tea. A liquor license is currently in place. The asking price for this remarkable property is $250,000. Serious inquiries only. Please do not contact the current business.
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Say Hi Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.