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    Property profile & analytics
    OFF-MARKET Estimated value $550,000
    Super regional malls

    650 Lee Blvd, Yorktown Heights, NY 10598-1100

    38.76 ac lot
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-4441252
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • LOFT Clothing & Fashion Store
    • Express Factory Outlet Discount Store Clothing & Fashion Store
    • Hot Topic Clothing Store Fashion Accessories Store
    • As Seen On TV and Much More Department Store Grocery & Convenience Store
    • Sunglass Hut (Macy’s) (Bike/Boat/Book/etc) Store
    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
    Mall Ground Portfolio LLC · 6 yrs held
    Mall Ground Portfolio LLC
    since 2019
    2 recorded transactions
    2019
    $17.8M
    2014
    Zoning & alternative use
    CRC · Yorktown Heights, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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