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Forest Hills, Queens, NY 11375
Property Type
Mixed Use
Central AC
No
Year Built
1931
Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp.
Calling All Investors, Developers & End-Users!!! 100% Occupied New Mini Mall In Forest Hills For Sale!!! The Property Is Located In The Heart Of Forest Hills On 71st Avenue Just Off Queens Blvd. Only Minutes From Forest Hills Stadium & Queens Center!!! The Property Is Situated On A 6,600+ Sqft. Lot Only Minutes From The Grand Central Pkwy., Van Wyck Expy. & Jackie Robinson Pkwy.!!! The Building Features Excellent Signage, Great Exposure, Long Term Leases, C4-5X/R7X Zoning, High 8’ Ceilings, 3 Stories, 2 Lots, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, Chevrolet, Costco, The Home Depot, P.C. Richard & Son, Best Buy, Target, Planet Fitness, Shake Shack, The Vitamin Shoppe, Trader Joe’s, Regal Cinemas, Walgreens, Dunkin’, Jersey Mike’s Subs, Chick-fil-A, Wendy’s, +++!!! The Property Has 49’ Of Frontage On 71st Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Pizzeria (Front): $168,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032. Pizzeria Restaurant (Rear): $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032. Azad Coffee: $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/2030. Royal Beauty Spa: $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2/1/2031. Expenses: Electric: $0 Ann. Water & Sewer: $0 Ann. Insurance: $6,825 Ann. Maintenance & Repairs: $250 Ann. Taxes: $171,378 Ann. Gross Income: $672,000 Ann. Total Expenses: $178,453 Ann. Net Operating Income (NOI): $493,547 Ann.
0.0746 Acres
0
Queens
Forest Hills
Mixed Use
1931
Block
4
1931
Forest Hills
Queens
Full
Yes - Electric
Yes
Yes - Electric
0
Public
Total$57,662.81/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
10727 + 10729 71st Avenue, Forest Hills, NY
Open in Google Maps| Address | Size | Sold For |
|---|---|---|
| 110-11 Queens Blvd, #9E #9EForest Hills | 1 BR / 1 BA | $588,000 |
| 110-11 Queens Boulevard #21A #21AForest Hills | 1 BR / 1 BA | $555,000 |
| 110-11 Queens Blvd, #9F #9FForest Hills | 1 BR / 1 BA | $489,000 |
| 110-11 Queens Blvd, #28F #28FForest Hills | 1 BR / 1 BA | $483,000 |
| 110-11 Queens Blvd, #18F #18FForest Hills | 1 BR / 1 BA | $465,000 |
| 110-11 Queens Blvd, #33M #33MForest Hills | 1 BR / 1 BA | $465,000 |
| 110-11 Queens Blvd, #33J #33JForest Hills | 1 BR / 1 BA | $449,000 |
| 73 -20 Austin Street, #5K #5KForest Hills | 1 BR / 1 BA | $380,000 |
| 69 -60 108th St, #509 #509Forest Hills | 1 BR / 1 BA | $368,000 |
| 73 -20 Austin Street, #3O #3OForest Hills | 1 BR / 1 BA | $366,000 |
| 70-25 Yellowstone Boulevard #21Q #21QForest Hills | 1 BR | $329,000 |
| 110-15 71st Road #3M #3MForest Hills | 1 BR / 1 BA | $345,000 |
Closed sales recorded by Brown Harris Stevens agents.
Forest Hills, Queens, is a charming, tree-lined neighborhood that blends suburban tranquility with urban convenience.
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.