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$1,088,000
1013526 MLS
Prime mixed-use property located along the bustling Metropolitan Avenue corridor in Forest Hills.. Situated on a 16' x 100' lot (1,600 square feet) with a building size of 16' x 68' (2,176 square feet), this well-maintained building offers an excellent investment or owner-user opportunity. The exterior features aluminum cladding on the first floor and concrete block construction on the second floor. The ground-floor commercial space is currently vacant and in excellent condition, featuring high ceilings, central air conditioning, a half bathroom, and direct access to a fully finished partial basement. The basement includes a recreation area, meter room, and boiler room. The second floor consists of a renovated studio apartment with a full bathroom, currently rented for $1,800 per month. Tenant leaving September 1st. Property will be delivered fully vacant.

107-17 Metropolitan Avenue, Forest Hills

$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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