62-42 Frst Ave Queens, NY 11385
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.
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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
Similar Nearby for Lease
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.