Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    69-47 Austin St Forest Hills, NY 11374

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner property suitable for investor or owner-user, health club.

    Property size:
    27,066 SF
    Lot size:
    0.13 Acres

    Property Features for 69-47 Austin St

    General Information

    Size
    27,066 SF
    Lot size
    0.13 Acres

    We can help!

    Listing Contact
    Matthew Colantonio
    Matthew Colantonio
    Source: Moodyscre

    Listing Agency: Schuckman Realty Inc. Listing Agent: Matthew Colantonio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Corner Property For Sale

    This corner property presents an opportunity for an investor or owner-user. The property is suited for a health club, corporate headquarters, medical use, or school. The property has a size of 27066 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forest Hills
    County
    Queens
    State
    New York
    Longitude
    -73.869231
    Latitude
    40.729559

    Nearby Similar for Sale

    • $398,000

      Turnkey Medical Office in Forest Hills

      Professional medical office for sale in prime Forest Hills location.
      69-40 Yellowstone Blvd, Forest Hills, NY 11375
      View Details
    • New
      $329,000

      Move-in Ready Forest Hills Office

      Ground-floor professional office near transportation and amenities.
      11045 71St Rd, Forest Hills, NY 11375
      View Details
    • $397,000

      Medical Office Condo on Queens Blvd

      Prime medical office condo near subway and hospital in Forest Hills.
      100-25 Queens Blvd, Forest Hills, NY 11375
      View Details
    • $84,900
      1,171 SF

      Profitable Salon on Queens Boulevard

      Established salon for sale in prime Forest Hills location.
      116 Queens Blvd, Forest Hills, NY 11375
      View Details
    • $1,498,000
      0.05 Acres

      Renovated Two-Family Home in Forest Hills

      Updated two-family home with modern kitchens and parking in prime location.
      10201 62Nd Rd, Forest Hills, NY 11375
      View Details
    • $1,288,000
      0.06 Acres

      Forest Hills Brick Duplex

      Two-family brick duplex in Forest Hills with finished basement.
      108-34 63Rd Dr, Forest Hills, NY 11375
      View Details
    • $1,098,000
      Pending

      Well-Maintained Two-Family Home

      Two-family brick home in Forest Hills, close to transportation.
      111-09A 62Nd Dr, Forest Hills, NY 11375
      View Details
    • $1,300,000
      0.11 Acres

      Forest Hills Multifamily Investment Opportunity

      Six-family brick building in desirable Forest Hills neighborhood.
      6361 110Th St, Forest Hills, NY 11375
      View Details
    • $1,498,000
      Pending

      Renovated Two-Family Home, Forest Hills

      Renovated two-family home in Forest Hills with modern amenities.
      10201 62Nd Rd, Forest Hills, NY 11375
      View Details
    • $1,050,000
      Pending

      Charming Forest Hills Legal Duplex

      Well-maintained two-family home with modern updates and convenient location.
      68-37 Kessel St, Forest Hills, NY 11375
      View Details
    • $1,399,000
      Pending

      Forest Hills Two-Family Brick Residence

      Meticulously maintained two-family brick home in prime Forest Hills location.
      11141 77Th Ave, Forest Hills, NY 11375
      View Details
    • $299,000
      Pending

      Forest Hills Office Suite For Sale

      Centrally located office suite near Austin Street shopping district.
      110-20 71St Rd, Forest Hills, NY 11375
      View Details

    FAQs

    What type of property is this?
    Retail property - Corner property suitable for investor or owner-user, health club.
    Where is this retail property located?
    The property is located at 69-47 Austin St Forest Hills, NY.
    What are key features of this property?
    This property features: - Prime corner property location.; - Ideal opportunity for investor or owner-user.; - Suitable for health club.
    (516) 496-8888 Call to check price and availability
    Request Owner's contact information
    69-47 Austin St Forest Hills, NY 11374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    69-47 Austin St
    Forest Hills, NY 11374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    69-47 Austin St Forest Hills, NY 11374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Colantonio
    Matthew Colantonio
    (516) 496-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!