21-72 21st Street, Astoria, NY, 11105 | $199,000

Prime Deli & Grocery Opportunity in the Heart of Astoria! Sherpaz Deli and Grocery, located at 21-72 21st Street, Astoria, NY 11105, presents a rare chance to acquire a well-established, high-performing business directly in front of PS122Q, one of the area’s busiest and most visible locations. Surrounded by residential buildings and thriving local businesses, this prime spot benefits from constant foot and vehicle traffic with excellent access to public transportation and major local roads. The store offers approximately 3, 143 sq ft of total usable space, including 1, 220 sq ft of ground-floor retail, a full 1, 220 sq ft basement, and a 743 sq ft usable porch area, a combination that is extremely hard to find in today’s Astoria market. Monthly rent is just 3, 887 including tax, making it an exceptional value in this rapidly growing part of Queens. The store holds multiple valuable licenses allowing the sale of alcohol, tobacco, lottery, juices, snacks, and more, and features a fully operational commercial kitchen with hood and sprinkler system, a single main gas line with three branches for equipment, its own hot water heater, and three sinks including a bathroom sink, all connected to one water main—supporting an expanded food menu and strong daily revenue. The business generates consistent, top-tier income, fixtures, furniture, equipments and inventories all included in the sale. Fully equipped with a 4-door walk-in cooler, 8 sliding-door refrigerators, deli display case, under-counter refrigerator, 3 frozen food refrigerators, 4 single-door refrigerators, 6-burner stove with oven, 36 inch of commercial griddle, 2 soup station hot tables, steam table, and meat slicing machine, the interior is clean, bright, and efficiently designed for smooth customer flow, with air conditioning and excellent sightlines. A private basement provides generous storage, while wide frontage and large display windows deliver strong curb appeal on this active commercial strip. With repeat customers, low overhead, multiple income streams, and an unbeatable Astoria location, this is a rare turnkey opportunity to own and operate a profitable business in one of Queen's most vibrant communities.

Features

  • Property Type: Business Opportunity
  • Construction: Brick
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: None
  • Cooling: Electric
  • Year Built: 1940
  • Acreage: 0.05
  • Est. Taxes: $12,306
  • MLS#: 952393
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/952393/217221ststreet_astoria_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Prime America Real Estate Inc   Phone: 347-725-3142

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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21-72 21st Street, Astoria, NY, 11105

$199,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $159,200 $159,200 $159,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.875% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.112% 6.520% 5.415%
Monthly Tax Payment $1,026 $1,026 $1,026
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $879 $942 $1,269
Total Monthly Payment $1,980 $2,043 $2,370

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.