Forest Hills Homes with Mixed Use Subtype

Forest Hills Homes with Mixed Use Subtype

Forest Hills is a vibrant neighborhood located in the borough of Queens, New York. Known for its tree-lined streets, beautiful parks, and diverse community, Forest Hills offers a unique blend of suburban tranquility and urban conveniences.

Situated in Queens County, Forest Hills is just a short distance away from Manhattan, making it an ideal location for those who want to enjoy the best of both worlds. With its excellent transportation links, residents can easily access the city's bustling business districts, cultural attractions, and world-class entertainment venues.

One of the notable features of Forest Hills is its homes with mixed-use subtype. This means that in addition to residential properties, there are also commercial spaces within the same buildings. This allows for a variety of businesses to coexist alongside residential units, creating a dynamic and convenient living environment.

The mixed-use properties in Forest Hills offer a range of benefits. Residents can enjoy the convenience of having shops, restaurants, and other amenities right on their doorstep. This not only saves time but also adds to the overall vibrancy and liveliness of the neighborhood.

Whether you're looking for a cozy apartment, a spacious townhouse, or a charming single-family home, Forest Hills has a diverse range of housing options to suit different preferences and budgets. The neighborhood's architectural styles vary from Tudor and Colonial to modern designs, adding to its unique charm.

With its excellent location, diverse community, and homes with mixed-use subtype, Forest Hills is a desirable place to call home in Queens, New York.

Newest Forest Hills Homes with Mixed Use Subtype

$11,000,000
963741 MLS
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.

10727 + 10729 71st Avenue, Forest Hills

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.