Three-Story Mixed-Use
For Sale
$11,000,000
10727 + 10729 71st Avenue, Forest Hills, NY 11375
Fully leased commercial building with prominent signage, three-phase power, CAC, and multiple established business occupants.
Property Size3,563 SF
Days on Market190
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
Taxes and HOA fees
Annual Taxes
$171,378
Amenities
LED Lighting
Central Air Conditioning
3 Phase Power
Excellent Signage
Building Details
Building Size
3,563 SF
Year Built
1931
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Maurafinnegan
Added: Feb 20
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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
Investment Insights
Based on property information with market context.
This three-story mixed-use property comprises two lots and sits on a 6,600+ square foot parcel. The building offers high 8-foot ceilings, CAC, three-phase power, new LED lighting, and signage along 71st Avenue. Four commercial operations occupy the property, including two pizzeria spaces, a coffee shop, and a beauty spa. Each lease includes a 3% annual increase, with expiration dates extending through 2032.
The property is positioned in Forest Hills on 71st Avenue, just off Queens Boulevard. Forest Hills Stadium and Queens Center are minutes away, while the Grand Central Parkway, Van Wyck Expressway, and Jackie Robinson Parkway provide regional access. Surrounding businesses include Starbucks, Costco, The Home Depot, Target, Trader Joe’s, Walgreens, Dunkin’, Chick-fil-A, and Regal Cinemas.
C4-5X/R7X zoning, 49 feet of avenue frontage, and existing commercial occupancy provide a combination of current operations and future development flexibility.
The property is positioned in Forest Hills on 71st Avenue, just off Queens Boulevard. Forest Hills Stadium and Queens Center are minutes away, while the Grand Central Parkway, Van Wyck Expressway, and Jackie Robinson Parkway provide regional access. Surrounding businesses include Starbucks, Costco, The Home Depot, Target, Trader Joe’s, Walgreens, Dunkin’, Chick-fil-A, and Regal Cinemas.
C4-5X/R7X zoning, 49 feet of avenue frontage, and existing commercial occupancy provide a combination of current operations and future development flexibility.
Key Highlights
- C4‑5X/R7X zoning across 2 lots
- 6,600+ Sqft. lot with 49’ of frontage on 71st Avenue
- Three‑story building with high 8’ ceilings
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial building with prominent signage, three-phase power, CAC, and multiple established business occupants.
Where is this mixed-use property 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: C4‑5X/R7X zoning across 2 lots; 6,600+ Sqft. lot with 49’ of frontage on 71st Avenue; Three‑story building with high 8’ ceilings
