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    105-16 Metropolitan Ave Flushing, NY 11375

    For Sale
    $1,350,000

    Mixed-use property with storefront and residential unit in Forest Hills.

    Building Details

    Year built
    1920

    Source: Sold By Bart R E Partners Inc Agent Bartosz Olszewski

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

    Overview

    Forest Hills Mixed-Use Investment

    Located in Forest Hills, this mixed-use property presents an investment opportunity. The property features a large street-level storefront and a residential unit on the second floor, complete with outdoor space. Upgrades include updated plumbing in the storefront and apartment, new appliances, and new electrical wiring and panel for the storefront. The residential apartment was updated in 2021 and features parquet floors, with laminate flooring in the stairwell. A deck is accessible from the apartment. The roofing was redone and resealed in 2022. A Nest thermostat is installed for convenience and energy efficiency. Situated on a busy section of Metropolitan Avenue, the property may offer potential for increased value.
    Location Intelligence

    Current Use by Public Records

    Forest Hills Lilies ... Florist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.921646
    Latitude
    40.714092

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with storefront and residential unit in Forest Hills.
    Where is this mixed-use property located?
    The property is located at 105-16 Metropolitan Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Large street-level storefront and residential unit offer immediate income and long-term investment potential.; - Prime location on a busy stretch of Metropolitan Avenue, promising future appreciation.; - Updated plumbing and electrical wiring/panel in the storefront.
    (917) 449-4101
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    Realmo Value Estimation

    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.

    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.

    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
    105-16 Metropolitan Ave Flushing, NY 11375
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