Mixed-Use Building with
For Sale
$999,000
107-17 Metropolitan Avenue, Forest Hills, NY 11375
Delivered vacant, the property pairs street-level commercial space with a renovated studio apartment.
Property Size2,112 SF
Lot Size0.04 Acres
Price / SF$473.01
Days on Market132
Property Features for 107-17 Metropolitan Avenue
General Information
Standard status
Active
Size
2,112 SF
Lot size
0.04 Acres
Property subtype
Commercial
Zoning
R3-2
Site & Location
Frontage
16 ft
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$21,147
Amenities
high ceilings
central air conditioning
half bathroom
finished partial basement
recreation area
Building Details
Building Size
2,112 SF
Year Built
1905
Buildings
1
Stories
2
Construction
concrete block
Tenancy
Multi
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Mitra Hakimi · License #49HA1019118
(718) 268-5588
Source:
Croninreale
Added: Jun 15
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mitra Hakimi Realty Group LLC
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Investment Insights
Based on property information with market context.
This mixed-use property has a ground-floor commercial space with high ceilings, central air conditioning, and a half bathroom. The space connects directly to a finished partial basement containing a recreation area, meter room, and boiler room. Upstairs, a renovated studio apartment includes a full bathroom. The building dates to 1905 and will be delivered vacant.
The parcel measures 16 feet by 100 feet, totaling 1,600 square feet, along Metropolitan Avenue in Forest Hills. Zoning is R3-2.
The parcel measures 16 feet by 100 feet, totaling 1,600 square feet, along Metropolitan Avenue in Forest Hills. Zoning is R3-2.
Key Highlights
- 16‑foot‑by‑100‑foot lot totaling 1,600 square feet
- Ground‑floor commercial space with high ceilings, central air conditioning, and a half bathroom
- Renovated second‑floor studio apartment with a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,699
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,980
$754.0K
Cap Rate 7%
$538,557
$538.6K
Cap Rate 9%
$418,878
$418.9K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$63.4K $30.00/SF
− Vacancy
−$9.5K −$4.50/SF
EGI
$53.9K $25.50/SF
− OpEx
−$16.2K −$7.65/SF
NOI
$37.7K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,980
Cap Rate 7%
$538,557
Cap Rate 9%
$418,878
Alternative Uses
Best Use
Retail
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 3.77%
Second Best
Mixed Use
$388.3K
$339.8K – $453.0K
NOI $27,181 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,989 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Groceries 28%
Dining 9%
Western Beef
Groceries
25,623 visits/mo
0.1 miles
Chase Bank
Shops & Services
17,906 visits/mo
0.3 miles
BP
Shops & Services
14,392 visits/mo
0.3 miles
Sunoco
Shops & Services
10,256 visits/mo
0.2 miles
Citibank
Shops & Services
9,799 visits/mo
0.3 miles
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Delivered vacant, the property pairs street-level commercial space with a renovated studio apartment.
Where is this mixed-use property located?
The property is located at 107-17 Metropolitan Avenue Forest Hills, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 16‑foot‑by‑100‑foot lot totaling 1,600 square feet; Ground‑floor commercial space with high ceilings, central air conditioning, and a half bathroom; Renovated second‑floor studio apartment with a full bathroom
