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$325,000
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Property Description
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.
Full Property Details
Full Property Details for 47-29 Vernon Blvd
General
- Price: $325,000
- Taxes: $15,869
- Status: Active
- Type: Business
- Source: Long_Island
- MLS ID: 877021
- Updated: 1/8/2026
- Added to Site: 276 day(s) ago
Business
- Name: Madera Cuban Grill & Steakhouse
- Business Type: Restaurant
Location
- County: Queens
Structural Information
- Detached/Attached: Detached
- Basement: Yes
- Basement Desc.: Finished, Storage Space, Walk-Out Access
- Building Size: 3066
- Square Feet: 3,066
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
Financial Considerations
- Tax Amount: $15,869.36
Disclosures and Reports
- Special Conditions: None
- Property ID: 00045-0047
Listed by Bouklis Group Marketing Corp
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Schools
Schools serving 47-29 Vernon Blvd
School District:New York City Geographic School District 30
| Name | Grades | Distance |
|---|---|---|
P.S. 78 48-09 Center Blvd, Queens, NY 11109 | PK-5 | 0.2 mi |
Is 204 Oliver W Holmes 36-41 28th St, Queens, NY 11106 | 6-8 | 1.4 mi |
Long Island City High School 14-30 Broadway, Queens, NY 11106 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 47-29 Vernon Blvd
Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$325,000
-6.88%
MLS
10/06/2025
Price Reduced
$349,000
-6.93%
MLS
8/25/2025
Price Reduced
$375,000
-24.24%
MLS
6/12/2025
Listed
$495,000
-81.14%
MLS
1/18/2023
Sold
$2,624,200
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 47-29 Vernon Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,399
35%
$198,842
-24%
2024
$15,869
47%
$262,800
158%
2023
$10,792
67%
$101,887
-52%
2022
$6,472
33%
$211,500
294%
2021
$4,864
-1%
$53,640
58%
2020
$4,892
1%
$33,960
15%
2019
$4,855
17%
$29,520
36%
2017
$4,162
—
$21,639
6%
2017
$4,162
8%
$20,415
6%
2016
$3,850
2%
$19,260
—
2015
$3,766
9%
$19,260
—
2014
$3,454
-9%
$19,260
—
2013
$3,803
—
$19,260
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 47-29 Vernon Blvd
4729 Vernon Boulevard, Long Island City, NY 11101 (MLS# 877021) is a Business property. 4729 Vernon Boulevard is currently listed for $325,000 and was received on June 12, 2025. Want to learn more about 4729 Vernon Boulevard? Do you have questions about finding other Business real estate for sale in Long Island City? You can browse all Long Island City real estate or contact a Coldwell Banker agent to request more information.

