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Owner Retiring-- Turnkey operation with proven cash flow
LOCATION LOCATION LOCATION!!!
Rare opportunity to acquire Madera Cuban Grill, a beloved Cuban restaurant with over a decade of proven success in the heart of Long Island City. Established in 2010, Madera is known for its authentic cuisine, vibrant atmosphere, and loyal customer base. Situated in a high-foot-traffic area near Manhattan, the restaurant benefits from strong daily exposure to local residents, commuters, and tourists.
The neighborhood's rapid residential and commercial growth continues to drive demand for culturally rich dining experiences, positioning Madera perfectly for expansion. Immediate revenue growth opportunities include expanding catering services, online delivery, and private event hosting. The business features a fully equipped kitchen, stylish build-out, and a transferable lease with favorable terms.
Highlights:
Turnkey operation with established brand and reputation
Prime location in a booming neighborhood
Strong delivery, takeout, and catering potential
Consistent customer traffic and loyal clientele
Growth-ready concept ideal for franchising or scaling
Perfect for experienced restaurateurs or investors seeking a scalable, culturally vibrant concept with strong roots and exciting growth prospects.
Serious inquiries only. NDA required for financials and additional information.
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Marketing Description
Ripco Real Estate has been retained on an exclusive basis to arrange for the sale of 47-29 Vernon Blvd —
a mixed use building in Long Island City, Queens.
47-29 Vernon Blvd is approximately 3,081 SF with a ground floor commercial unit and an above residential apartment. The ~1,000 SF, 3-bedroom apartment will be delivered vacant allowing for added value for a new owner to lease the apartment portion at competitive market rent. The Ground floor commercial unit is occupied by a Cuban restaurant with a lease in-place through August 2024. However, the space could be vacated on 60-day notice.
The Subject Property is located along one of Long Island City’s most desirable thoroughfares - Vernon Boulevard. Its neighbors include some of the areas most frequented bars and restaurants including the Baroness, Gantry Bar & Kitchen, Fifth Hammer Brewing Company and many more. The building is a short walk to the waterfront and Gantry State Park with impeccable views of the Manhattan skyline. Lastly, the property’s location offers convenient and walkable transportation options with the 7-line a few blocks away, multiple ferry stops with access to Midtown East, Wall Street, Roosevelt Island, and the Upper East Side, and the LIC Long Island Railroad station close by.
Investment Highlights
- Ground Floor currently leased to a Cuban Restaurant. Could be Vacated on 60-Day Notice.
- Centrally Located on Vernon Boulevard Surrounded by Bustling Bars, Restaurants, and Shops
- Three blocks to the 7 Subway Station on Vernon Boulevard, and Less Than a Half-Mile to the LIC Ferry in Gantry Plaza State Park
- 2nd Floor Apartment is Vacant & Gutted
Loan History
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Contact Information
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Ownership Information
Property Details
Contacts
Sold on
BY:
Stephen R. Preuss PRO
LIC: NY
•••.•••.2639
srp@•••••••.com
Sold on
BY:
Kevin Schmitz PRO
LIC: NY 10401284640
•••.•••.2644
••••mitz@•••••••.com
Sold on
BY:
Andreas Efthymiou
LIC: NY 10401281448
•••.•••.2643
•••reas@•••••••.com
Sold on
BY:
Christian Allimonos
LIC: NY
•••.•••.2651
••••••onos@•••••••.com
Sold on
BY:
Steven Sperandio
LIC: NY
•••.•••.3260
sls@•••••••.com
Sold on
BY: Matthew Shatz
LIC: NY
•••.•••.0078
mas@•••••••.com
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