Property profile

160-24 Willets Pt Blvd Restaurant Whitestone, NY 11357

OFF-MARKET
Specialty properties
3,000 SF
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Property summary

AI-generated overview

This exceptional opportunity presents a thriving restaurant business for sale in Whitestone, Queens, New York. Located at 160-24 Willets Point Blvd., this turnkey operation boasts approximately 72 indoor seats and the potential for additional outdoor seating during summer months. The current lease has eight years remaining, extending to 2034, at a monthly rent of $2900. The property itself is not included in the sale; this offering focuses solely on the established business. The restaurant features high-end, recent renovations, making it move-in ready for a new owner. Ample parking is available, with both a dedicated parking lot and convenient street parking. The owner is retiring, presenting a unique chance to acquire a well-established and profitable restaurant in a prime location. The business occupies 3,000 square feet and is categorized as a special purpose commercial property. This is a truly exceptional opportunity for a motivated buyer seeking a successful, established restaurant with significant remaining lease term. The asking price for this turnkey business is $190,000. Don't miss this chance to own a thriving restaurant in a desirable area.

Property profile

Verified
Property type Specialty properties
Total area 3,000 SF

Cap rate & NOI

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

Location

160-24 Willets Pt Blvd Restaurant Whitestone, NY 11357
Whitestone metro
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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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