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Property profile & analytics
OFF-MARKET
Commercial real estate

34-39 31St St Queens, NY 11106

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mister Everything Bar & Pub Nightclub
  • Arepa Lady Astoria Restaurant
  • Sotto la Luna Restaurant
  • Sala Astoria Restaurant
  • World Artisan Market Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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