Property profile

650 Lee Blvd Yorktown Heights, NY 10598

OFF-MARKET
Super regional malls
Property ID
US63-4441252
38.76 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This thriving Flame Asian Bistro, located in the bustling JV Mall in Yorktown Heights, NY, presents a unique opportunity for a savvy investor. The 5,862 square foot, single-story restaurant boasts a 200-person capacity (approximately 150 seats), featuring a fully furnished, high-end interior. The impressive setup includes a full-service kitchen equipped with a walk-in cooler and freezer, grill, char broiler, deep fryer, and ice maker. A raw and sushi bar, beautiful custom bar, two private party rooms, and outdoor seating add to its appeal. Currently operating under a gross lease with a monthly rent of $14,900, the lease expires June 30, 2027, with a five-year option extending to June 30, 2032. The asking key money is $80,000. The restaurant enjoys a prime location with direct access from both the parking lot and the mall interior, benefiting from high traffic counts in the area. Situated in affluent Northern Westchester County, the JV Mall is anchored by major retailers such as Macy's, Dick's Sporting Goods, and ULTA, ensuring consistent foot traffic. The property's strategic location offers easy access from Route 6 and close proximity to the Taconic State Parkway, with daily traffic counts exceeding 20,000 vehicles on Route 6, 52,000 on the Taconic State Parkway, and over 3,500 on Lee Boulevard. This turnkey operation is ready for immediate success.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Lot 38.76 ac (1,688,386 SF)
Zoning code CRC
APN 555400 16.12-1-24
UPID US63-4441252

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Discount Store Clothing & Fashion Store
  • Clothing Store Fashion Accessories Store
  • Department Store Grocery & Convenience Store
  • (Bike/Boat/Book/etc) Store

Location

650 Lee Blvd Yorktown Heights, NY 10598-1100
Yorktown Heights metro Census 14806 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k

Owner & transaction history

since 2019
2 recorded transactions
2019
$17.8M
2014
Price N/A

Zoning & alternative use

CRC · Yorktown Heights, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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