10727 + 10729 71st AVE, Forest Hills, NY 11375
10727 + 10729 71st AVE, Forest Hills, NY 11375
10727 + 10729 71st AVE, Forest Hills, NY 11375
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$11,000,000
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3,249 Sqft Lot
Active

10727 + 10729 71st AVE Forest Hills, NY 11375

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Jose Agudo

Jose Agudo

+1(917) 674-8131

UPDATED:

Key Details

Property Type 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: $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.

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

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by All Island Estates Realty Corp • Richard Matt Shane

NEARBY SCHOOL & BUSINESS

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Jose Agudo

Jose Agudo

Agent

+1(917) 674-8131

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10727 + 10729 71st AVE

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