71-43/55 Yellowstone Boulevard #71-43 45 47 49 51 55 Forest Hills, NY 11375
Multi-Unit (5+), Low-rise - Forest Hills, NY
Property size:
6,255 SFLot size:
0.23 Acres- Added:
- Mar 30, 2026
- Days on Market:
- 9
- Last Refresh:
- Apr 7 at 6:06 am
Property Features for 71-43/55 Yellowstone Boulevard #71-43 45 47 49 51 55
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 200
- Bathrooms
- 6
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 03190-0001
- Size
- 6,255 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 68997
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1951
- Year renovated
- 1951
- Floors in Building
- 1
- Building materials
- Brick
- Architectural style
- Other
Listing agent Chung Rhee (646) 251-4448
Listing office HANMI REALTY 37 17 UNION ST, FLUSHING, NY (718) 961-8801
Listing date Mar 30, 2026
MLS# 11686595
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Forest Hills Shopping Plaza Opportunity
Located in the Forest Hills and Rego Park neighborhood, this fully occupied, six-unit shopping plaza offers significant net income and development potential. The property benefits from high foot and car traffic due to its location on a street intersection, featuring 100 feet of frontage and sign visibility. The well-maintained shopping plaza, built in 1951, spans approximately 6,255 square feet and includes access to storage in spacious cellars. The lot size is around 10,000 square feet, which includes a rear parking lot of approximately 3,500 square feet accommodating 11 cars. The property houses long-term, loyal tenants on five-year net leases, who are responsible for taxes and utilities. Tenants include Yellowstone laundromat, Sushi Akio, Red House Kitchen, Little Tigers Martial Arts, Bombay Grill House, each occupying around 900 square feet, and New Paragon Cleaners occupying around 1,750 square feet. The current gross yearly rental income is approximately $378,000, with a yearly net income around $288,000 at a 4.6% cap rate. Yearly taxes are $68,997. The property presents a development opportunity of up to 20,000 square feet. The location is near the QM12 & QM42 express buses to midtown Manhattan, Q23 bus to LaGuardia Airport, mid-rise coop buildings, Evoke electric vehicle charging station, Austin Street police station, Forest Hills youth athletic association fields, family-owned groceries and pharmacies, and Dunkin Donuts. The property is located at 71-43/55 Yellowstone Boulevard, which is the same address as 6761-6773 Dartmouth Street.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shopping centers
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Location Insight
- Map
- Local Demand
- City
- Forest Hills
- County
- Queens
- State
- New York
- Longitude
- -73.854759
- Latitude
- 40.721272
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully occupied, six-unit shopping plaza with development potential.
Where is this shopping center located?
The property is located at 71-43/55 Yellowstone Boulevard #71-43 45 47 49 51 55 Forest Hills, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Significant current net income of approximately $288k per year with a 4.6% cap rate.; Prime corner location in Forest Hills/Rego Park with high foot and car traffic, offering excellent frontage and visibility.; Fully occupied six‑unit shopping plaza with long‑term, reputable tenants on net leases.
