Mixed-Use Brick Building with
103-11 Metropolitan Avenue, Forest Hills, NY 11375
MULTI_FAMILY - Contemporary, Modern - Forest Hills, NY
Property size:
2,800 SFLot size:
0.05 AcresPrice / SF:
$562/SF- Added:
- May 15, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 1 at 2:06 pm
Property Features for 103-11 Metropolitan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Window features
- Double Pane Windows
- Basement
- Partially Finished
- Standard status
- Active
- APN
- 03240-0048
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8658
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Oil
- Cooling system
- Central Air, Wall/Window Unit(s), Separate Meters, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Architectural style
- Modern, Contemporary
Listing agent Marisa VanWinckle (347) 267-8000
Listing office NY Metro Realty Group Ltd 8803 69th Ave Ste 1, Forest Hills, NY (718) 544-2883
Listing date May 15, 2026
MLS# 1000506
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick mixed‑use building on Metropolitan Ave: recently renovated office plus 2 apartments and a full basement
- Approx. 2,800 sq ft building size with 1,400 sq ft on lower/first floors and 1,400 sq ft on the second floor
- Second‑floor apartments to be delivered vacant; lower basement space used by the first‑floor tenant
- Hardwood floors throughout; storefront includes a bathroom and pantry
- Heating: oil. Cooling includes central air and wall/window unit(s); separate meters reported
- Tenants pay electricity and cooking gas; office pays electricity. Landlord pays heat, water, sewer, taxes, and insurance
Overview
Brick mixed-use building built in 1920 offering office space alongside two apartments. The property includes a full basement and a backyard. The office area features hardwood floors throughout, with a storefront that includes a bathroom and pantry. The office configuration totals approximately 1,400 square feet on the lower level and 1,400 square feet on the first floor, with an additional approximately 1,400 square feet on the second floor. The lower level space in the basement is used by the first floor tenant. The second-floor apartments are to be delivered vacant, providing flexibility for an owner-operator or new occupants.
Located at 103-11 Metropolitan Avenue in Forest Hills, Queens, the building is positioned for visibility and accessibility with heavy vehicular traffic. The property has sunny southern exposures. Tenants pay electricity and cooking gas, while the office pays electricity. The landlord pays heat and water and sewer, along with taxes and insurance.
This setup can fit tenants seeking a mixed-use environment where an office can operate alongside residential units. With the second-floor apartments available vacant, the property supports owner-occupancy or coordinated leasing while keeping operating responsibilities clearly divided between tenant and landlord for utilities and key building services. Showings are by appointment.
Located at 103-11 Metropolitan Avenue in Forest Hills, Queens, the building is positioned for visibility and accessibility with heavy vehicular traffic. The property has sunny southern exposures. Tenants pay electricity and cooking gas, while the office pays electricity. The landlord pays heat and water and sewer, along with taxes and insurance.
This setup can fit tenants seeking a mixed-use environment where an office can operate alongside residential units. With the second-floor apartments available vacant, the property supports owner-occupancy or coordinated leasing while keeping operating responsibilities clearly divided between tenant and landlord for utilities and key building services. Showings are by appointment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.1k | $50.40 |
| − Vacancy | −$18.2k | −$6.50 |
| EGI | $122.9k | $43.90 |
| − OpEx | −$30.7k | −$10.97 |
| NOI | $92.2k | $32.92 |
2,800 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,187 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Arbie Real Estate ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Forest Hills
- County
- Queens
- State
- New York
- Longitude
- -73.849373
- Latitude
- 40.710474
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Brick mixed-use building with a recently renovated office and two apartments, plus basement and backyard.
Where is this live-work space located?
The property is located at 103-11 Metropolitan Avenue Forest Hills, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Brick mixed‑use building on Metropolitan Ave: recently renovated office plus 2 apartments and a full basement; Approx. 2,800 sq ft building size with 1,400 sq ft on lower/first floors and 1,400 sq ft on the second floor; Second‑floor apartments to be delivered vacant; lower basement space used by the first‑floor tenant
