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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

62-42 Frst Ave Queens, NY 11385

6,800 SF Built 1935
Property ID
Property summary
AI-generated overview

This exceptional turn-key restaurant and bar opportunity is located at 62-42 Forest Avenue, Queens, NY 11385, a prime location in Ridgewood. The 6,800 square foot, two-story building, constructed in 1935, boasts an extra-wide frontage on a busy block of Forest Avenue, just off Metropolitan Avenue, ensuring high foot and vehicle traffic. The property features a beautifully designed and fully equipped kitchen, complete with a full hood, gas, and venting system. The layout includes a spacious dining room, a full bar, and four additional rooms, offering versatility for expansion or use as private party spaces. Currently, one room is sublet to another food tenant, generating $1,000 in monthly income, which can be retained or incorporated into the main business. The property includes a full active liquor license. This single-tenant retail space presents a unique opportunity for a thriving food and beverage establishment. The building is situated in Queens County and offers significant potential for a new owner. The property's size and location make it an ideal investment for an experienced restaurateur looking to establish or expand their business in a high-traffic area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1935
Total area 6,800 SF
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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