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30897656
30897658

3519 Ditmars Boulevard, New York, NY 11105

KC
NY 10491211571, CT REB.0794912
Vential LLC
Listed by Vential LLC
$300,000
96 days on market
Updated 10 days ago

Tru Astoria @ 3519 Ditmars Boulevard

Details
APN 00824-0066
Property Type Business for Sale, Retail
Sub Type Business Only, Bar (+1)
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 1
Cap Rate 60.33%
NOI $181,000
Lease Type NNN
Lease Term 29.2
Lease Expiration 12/31/2042
Remaining Term 16.6
Rent Bumps Yes
Pro-Forma NOI $499,999
Broker Co-Op Yes
Class A
Year Built 1931
Year Renovated 2013
Stories 2
Acreage 0.046
Zoning R5D
Investment Type Value Add
Lease Commencement 11/01/2013
Ownership Corporation
Sale Condition For sale by owner

Prime Astoria corner bar/restaurant, 157 seats, 17-year lease, $55K+/week potential, strong upside.

Marketing description

Prime corner hospitality opportunity in Astoria. Turnkey cafe/bar/restaurant formerly operating as Tru Cafe at 35-19 Ditmars Blvd. Approx. 4,000 SF total—about 2,000 SF ground floor plus 2,000 SF basement utilized for back-of-house—with strong street presence and excellent visibility. Seating for 87 indoors and ~70 outdoors. Long-term lease with approximately 17 years remaining provides rare stability for a buyer seeking to build long-term value. Fully built-out space with existing infrastructure in place, allowing for a seamless transition or rebranding. The business is currently closed, and all financial figures reflect the most recent period of operation. Prior to closing, hours were limited (generally 5 PM–12 AM), with weekly gross sales in the ~$30K–$35K range. With expanded hours and full utilization of the prime corner location, the space is projected to support at least ~$55K in weekly gross sales. Owner is selling to focus on other ventures aligned with core competencies. Ideal for an experienced operator or concept looking to capitalize on a high-traffic Ditmars Blvd corridor location with significant upside. Additional information available upon qualified buyer review (including proof of funds and standard confidentiality requirements).

Investment highlights

$55K/week potential = ~$2.85M annual revenue

Attractive Entry Price Relative to Potential Revenue

At the asking price of $500,000, the acquisition cost represents a small fraction of the potential annual revenue (~$2.8M if operating at $55K/week), offering meaningful upside for an experienced operator.

Immediate Revenue Expansion Opportunities

  • Brunch and daytime café service
  • Expanded late-night hours
  • Private events / parties
  • Catering and delivery platforms
  • Optimized beverage program

Significant Revenue Growth Potential

Most recent weekly sales average approximately $30K–$35K, primarily driven by limited operating hours (generally 5 PM – midnight). Expanding to full lunch, brunch, and late-night operations could materially increase revenue.

Proven Astoria Hospitality Corridor

Located on busy Ditmars Blvd in Astoria, a corridor where well-operated bars and restaurants regularly generate $50K–$70K+ in weekly sales depending on concept and operating hours.

Operational Leverage Opportunity

The existing build-out, seating capacity (87 indoor + ~70 outdoor), and large kitchen/back-of-house allow a new operator to scale revenue without significant additional capital investment.

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Listing Contacts

KC
NY 10491211571, CT REB.0794912
Vential LLC
Listed by Vential LLC

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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$181,000.00
$15,083.33/mo

Valuation Metrics

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DSCR
60.33%
Cap Rate
60.33%
ROI

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Additional Information

Name
Konstantinos Christoforakis
License
10491211571
Brokerage
WealthWise Realty
Brokerage Phone
917-719-1715
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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