Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1680 Madison St Queens, NY 11385
    Property profile & analytics

    1680 Madison St, Queens, NY 11385

    View on Map
    • Retail properties & Spaces
    • 2,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1680 Madison St

    Property type
    Retail properties & Spaces
    Property subtype
    Bars & Pubs

    Description

    This exceptional opportunity presents the chance to acquire a thriving bar located at 1680 Madison Street in Queens, New York, zip code 11385. The property, zoned C4-3A, boasts 2,000 square feet of space and is currently operating under a modified lease with a single tenant, expiring June 30, 2025 (approximately 1.4 years remaining). The asking price is $499,000, translating to $250 per square foot. The bar's strong financial performance is evidenced by a Net Operating Income (NOI) of $206,000. This established business features a spacious layout ideal for hosting various events, including weddings and private parties. Amenities include a dedicated dance floor, a DJ booth, a comfortable lounge area, and a fully equipped food preparation area capable of providing regular food service and catering for special occasions. The bar also benefits from a brand new walk-in refrigerator, two bathrooms (one ADA compliant), a 16-line draft system, and two bar wells. The property's prime location in the heart of Ridgewood, Queens, ensures high visibility and consistent customer traffic. This turnkey operation offers a unique blend of live music, specialty drinks (craft beer and cocktails), and a vibrant atmosphere, making it an attractive investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9075
    Latitude
    40.7006

    Comparable in this City

    • Value Estimation by Request
      6,800 SF

      62-42 Frst Ave

      Restaurants
      62-42 Frst Ave, Queens, NY 11385
      View Details
    • Value Estimation by Request
      138,204 SF

      350 St Nicholas Ave

      Restaurants
      350 St Nicholas Ave, Queens, NY 11385
      View Details
    • Value Estimation by Request
      1,500 SF

      69-06 Myrtle Ave

      Restaurants
      69-06 Myrtle Ave, Queens, NY 11385
      View Details
    • Value Estimation by Request

      59-15 71 Ave

      Restaurants
      59-15 71 Ave, Queens, NY 11385
      View Details
    • Value Estimation by Request

      176 Woodward Ave

      Restaurants
      176 Woodward Ave, Queens, NY 11385
      View Details
    • Value Estimation by Request
      4,768 SF

      69-20 Myrtle Ave

      Day care centers
      69-20 Myrtle Ave, Queens, NY 11385
      View Details

    Similar Nearby for Sale

    • $1,650,000
      Pending

      Mixed-Use Property in Queens

      Mixed-use property featuring a restaurant, bakery, and residential units.
      55-01 Metropolitan Ave, Queens, NY 11385
      View Details
    • $2,200,000

      Ridgewood Mixed-Use Investment Opportunity

      Mixed-use property in Ridgewood with commercial and residential units.
      552 Grandview Ave, Ridgewood, NY 11385
      View Details
    • Contact for pricing
      832 SF

      Ridgewood Commercial Space with Kitchen

      Prime Myrtle Avenue location, fully equipped kitchen, turnkey restaurant opportunity.
      6019 Myrtle Ave, Ridgewood, NY 11385
      View Details
    • Contact for pricing

      Corner Mixed-Use Building For Sale

      Income-producing, gut-renovated mixed-use building in a strong residential corridor.
      5-66 Onderdonk Ave, Ridgewood, NY 11385
      View Details
    • Contact for pricing
      5,000 SF

      Prime Ridgewood Retail Opportunity

      Recently renovated retail building with excellent transit access and future potential.
      5738 Myrtle Ave, Ridgewood, NY 11385
      View Details
    • New
      $2,400,000
      4,000 SF

      Ridgewood Mixed-Use Investment Opportunity

      Mixed-use property with restaurant and residential units in prime location.
      59-09 71St Ave, Ridgewood, NY 11385
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Queens, NY.
      55-60 Myrtle Ave, Queens, NY 11385
      View Details
    • Contact for pricing
      29,755 SF

      Retail Space with Manhattan Views

      New retail development with rooftop space and large terrace.
      350 St. Nicholas Ave, Ridgewood, NY 11385
      View Details
    • Contact for pricing
      3,766 SF

      Mixed-Use Neighborhood Center Space

      Retail and office space in a large shopping center.
      80-00 Cooper Ave, Queens, NY 11385
      View Details
    • $6,000 /Mo
      2,500 SF

      Ridgewood Commercial Space for Lease

      Commercial space in the heart of Ridgewood, close to L train.
      377 Seneca Ave, Ridgewood, NY 11385
      View Details
    • $10,000 /Mo
      7,100 SF

      Ridgewood Commercial Space For Lease

      Versatile commercial space in high-traffic Ridgewood location.
      62-42 Forest Ave, Ridgewood, NY 11385
      View Details
    • $2,300 /Mo
      376 SF

      Ridgewood Retail/Office Space For Lease

      376 SF retail/office space in Ridgewood, well-trafficked corridor.
      1829 Grove St, Ridgewood, NY 11385
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1680 Madison St
    Queens, NY 11385
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1680 Madison St, Queens, NY, 11385
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!