Brick Mixed-Use
4010 Forley Street, Elmhurst, NY 11373
For Sale
$1,897,000
Commercial Sale, Elmhurst, NY
Property Size3,060 SF
Lot Size0.05 Acres
Price / SF$619.93
Days on Market119
Property Features for 4010 Forley Street
General Information
Property type
Property subtype
Subdivision
High school district
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Listing Agency:
NY SUPERIOR REALTY
(718) 205-7770
Listed By:
Nora Avalos
Added: Jul 14
Changed: Oct 1
Last Checked: Nov 9 at 5:06AM
MLS# 11885517
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,060-square-foot brick mixed-use property was built in 1955 on a 0.0468-acre lot. The first floor contains a medical office, while the second floor provides office space scheduled for vacant delivery. A third-floor three-bedroom apartment is also available for vacant delivery. Two front parking spaces serve the property, and heating is provided by natural gas with public water service.
Located at 4010 Forley Street in Elmhurst, the property is near restaurants, shopping, medical offices, and daily conveniences. Roosevelt Avenue is a few blocks away, with access to the 7 train and Q32 and Q29 bus lines. The combination of medical, office, and residential components supports multiple occupancy configurations within one building.
Located at 4010 Forley Street in Elmhurst, the property is near restaurants, shopping, medical offices, and daily conveniences. Roosevelt Avenue is a few blocks away, with access to the 7 train and Q32 and Q29 bus lines. The combination of medical, office, and residential components supports multiple occupancy configurations within one building.
Key Highlights
- 3,060‑square‑foot mixed‑use building on 0.0468 acres
- Solid brick construction completed in 1955
- First‑floor medical office and second‑floor office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,747
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,940
$2.0M
Cap Rate 7%
$1,439,243
$1.4M
Cap Rate 9%
$1,119,411
$1.1M
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$154.2K $50.40/SF
− Vacancy
−$19.9K −$6.50/SF
EGI
$134.3K $43.90/SF
− OpEx
−$33.6K −$10.97/SF
NOI
$100.7K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,940
Cap Rate 7%
$1,439,243
Cap Rate 9%
$1,119,411
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,747 @ 7.0% cap · market cap 5.31%
Second Best
Healthcare Medical
$1.01M
$882.0K – $1.18M
NOI $70,557 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,911 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
8,506
Businesses Nearby
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Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level building with medical, office, and residential space plus two front parking spaces.
Where is this mixed-use property located?
The property is located at 4010 Forley Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,897,000.
What are key features of this property?
This property features: 3,060‑square‑foot mixed‑use building on 0.0468 acres; Solid brick construction completed in 1955; First‑floor medical office and second‑floor office space
