34-39 31St St Queens, NY 11106
This exceptional opportunity presents a well-established Japanese ramen restaurant for sale in the vibrant Astoria, Queens neighborhood. Located at 34-39 31st Street, 11106, this turnkey business occupies approximately 2,000 square feet of prime commercial space. The restaurant boasts a strong track record, generating approximately $50,000 in monthly revenue. The current lease has nine years remaining, offering significant long-term stability. Monthly rent is $10,000, inclusive of property taxes. Its strategic location at a major intersection, directly adjacent to a bus stop and within one block of a subway station, ensures high foot traffic and accessibility. The surrounding area is densely populated, with numerous schools and residential buildings providing a consistent customer base. The restaurant features upscale interior décor and is fully equipped for immediate operation, requiring no additional investment in equipment or renovations. This is a rare chance to acquire a profitable and established business in a highly desirable location within one of Astoria's most sought-after commercial districts. The asking price for this thriving enterprise is $100,000.
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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.