Forest Hills Mixed-Use
103-11 Metropolitan Avenue, Forest Hills, NY 11375
New
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:
- 2
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 103-11 Metropolitan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
- Window features
- Double Pane Windows
- Basement
- Partially Finished
- Standard status
- Active
- APN
- 03240-0048
- Size
- 2,800 SF
- 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
- Window Unit(s), Separate Meters, Central Air, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Architectural style
- Contemporary, Modern
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
- Mixed‑use building with a renovated office and two apartments in Forest Hills.
- High‑visibility location on Metropolitan Ave with heavy vehicular traffic.
- Total building size of approximately 2,800 square feet with a full basement and backyard.
- Separate meters for tenants to pay electricity and cooking gas.
- Hardwood floors throughout the building.
- Brick construction.
Overview
Located in Forest Hills, this mixed-use brick building on Metropolitan Avenue features a recently renovated office, two apartments, a full basement, and a backyard. The building has a total area of approximately 2,800 square feet and is situated on a 2,043-square-foot lot. Both the lower and first floors offer 1,400 square feet of space, with an additional 1,400 square feet on the second floor. The lower level space in the basement is used by the first-floor tenant. The property benefits from high visibility and accessibility due to heavy vehicular traffic in a desirable Forest Hills location. It features sunny Southern exposures and hardwood floors throughout. The storefront includes a bathroom and pantry. Built in 1920, the building dimensions are 20 x 70, and the lot size is 20 x 102.17. The zoning is R3-2. Tenants are responsible for electricity and cooking gas, with the office tenant paying their electricity. The landlord covers heat, water, sewer, taxes, and insurance. This property is suitable for various commercial and residential purposes.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.02M
NOI $92,187 @ 9.00% cap · cautious / downside scenario
Moderate
$1.32M
NOI $92,187 @ 7.00% cap · market / base-case scenario
Aggressive
$1.84M
NOI $92,187 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
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
Insight Report
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?
Mixed-use property - Mixed-use building with office, apartments, basement, and backyard.
Where is this mixed-use property 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: Mixed‑use building with a renovated office and two apartments in Forest Hills.; High‑visibility location on Metropolitan Ave with heavy vehicular traffic.; Total building size of approximately 2,800 square feet with a full basement and backyard.
