Three-Story Retail
For Sale
$11,000,000
10727 + 10729 71st Avenue, Forest Hills, NY 11375
Four occupied storefronts operate under leases with scheduled annual rent increases.
Property Size3,563 SF
Price / SF$3,087
Days on Market246
Property Features for 10727 + 10729 71st Avenue
General Information
Standard status
Active
Size
3,563 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
C4-5X
Occupancy
100%
Net Operating Income
$493,547
Site & Location
Frontage
49 ft
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$171,378
Amenities
Excellent Signage
Great Exposure
High Ceilings
3 Phase Power
All New LED Lighting
CAC
Building Details
Building Size
3,563 SF
Year Built
1931
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Feb 20
Changed: Oct 23
Last Checked: Oct 23 at 3:12PM
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 All Island Estates Realty Corp
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Investment Insights
Based on property information with market context.
This three-story retail property contains 3,563 square feet across two lots on a 6,600+ square foot site. The building has 8-foot ceilings, three-phase power, central air conditioning, and LED lighting. Four businesses occupy the property: two pizzerias, Azad Coffee, and Royal Beauty Spa. Their leases include 3% annual increases and expire in 2030, 2031, and 2032.
The property has 49 feet of frontage on 71st Avenue in Forest Hills, just off Queens Boulevard. The listing identifies C4-5X zoning and also references R7X zoning.
The property has 49 feet of frontage on 71st Avenue in Forest Hills, just off Queens Boulevard. The listing identifies C4-5X zoning and also references R7X zoning.
Key Highlights
- 3,563‑square‑foot, three‑story retail property on two lots
- 6,600+ square‑foot site with 49 feet of frontage on 71st Avenue
- C4‑5X zoning; source also references R7X
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,472
Businesses Nearby
252k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 19%
Apparel 13%
Beauty & Spa 12%
Citibank
Shops & Services
32,744 visits/mo
0.1 miles
Sephora
Beauty & Spa
20,831 visits/mo
0.2 miles
Paris Baguette
Dining
19,621 visits/mo
0.1 miles
TD Bank
Shops & Services
16,948 visits/mo
0.1 miles
Key Food
Groceries
15,703 visits/mo
0.0 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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Four occupied storefronts operate under leases with scheduled annual rent increases.
Where is this strip mall located?
The property is located at 10727 + 10729 71st Avenue Forest Hills, NY.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 3,563‑square‑foot, three‑story retail property on two lots; 6,600+ square‑foot site with 49 feet of frontage on 71st Avenue; C4‑5X zoning; source also references R7X
