Three-Story Neighborhood Shopping
For Sale
$11,000,000
10727 + 10729 71st Avenue, Forest Hills, NY 11375
Commercial Sale, Forest Hills, NY
Property SizeContact for details
Lot Size0.07 Acres
Days on Market185
Property Features for 10727 + 10729 71st Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4-5X
Rooms
Basement
Parking
6
Basement
Full
Standard status
Active
APN
03239-0015
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
171378
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
3 Phase Power
All New LED Lighting
CAC
Building Details
Year built
1931
Floors in Building
3
Number of units
4
Building materials
Block
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Feb 20
Changed: Aug 19
Last Checked: Aug 24 at 8:06AM
MLS# 963741
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.
Investment Insights
Based on property information with market context.
This three-story shopping center comprises two lots and sits on a 6,600+ square foot site. The 1931 block building is fully occupied and features 8-foot ceilings, 3-phase power, new LED lighting, and CAC. Public water and sewer serve the property, with electric heating and cooling. Current occupants include two pizzeria operations, Azad Coffee, and Royal Beauty Spa, supported by long-term leases.
The property fronts 71st Avenue in Forest Hills, just off Queens Boulevard, with 49' of frontage. Forest Hills Stadium and Queens Center are minutes away, while the Grand Central Parkway, Van Wyck Expressway, and Jackie Robinson Parkway provide access to surrounding areas. Nearby commercial operators include Starbucks, Costco, The Home Depot, Target, Trader Joe’s, Walgreens, and Regal Cinemas.
The property fronts 71st Avenue in Forest Hills, just off Queens Boulevard, with 49' of frontage. Forest Hills Stadium and Queens Center are minutes away, while the Grand Central Parkway, Van Wyck Expressway, and Jackie Robinson Parkway provide access to surrounding areas. Nearby commercial operators include Starbucks, Costco, The Home Depot, Target, Trader Joe’s, Walgreens, and Regal Cinemas.
Key Highlights
- Fully occupied three‑story shopping center on two lots
- 6,600+ square foot site with 49' of frontage on 71st Avenue
- Current occupants include two pizzerias, Azad Coffee, and Royal Beauty Spa
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,472
Businesses Nearby
252k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied center with food, coffee, and beauty-service tenants.
Where is this shopping center 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: Fully occupied three‑story shopping center on two lots; 6,600+ square foot site with 49' of frontage on 71st Avenue; Current occupants include two pizzerias, Azad Coffee, and Royal Beauty Spa
