See all 24 photos
24 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$11,000,000
Est. payment /mo
3,249 Sqft Lot
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 963741
Rental Info No
Year Built 1931
Annual Tax Amount $171,378
Lot Size 3,249 Sqft
Acres 0.0746
Property Sub-Type Mixed Use
Source onekey2
Property Description
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: $44,000 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.
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: $44,000 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.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Special Listing Condition None
Read Less Info
Listed by All Island Estates Realty Corp • Richard Matt Shane
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716