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Mixed-Use Building with Retail
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71-41 Austin Street, Flushing, NY 11375

Mixed-use property includes a ground-floor retail unit with a full basement and two vacant two-bedroom apartment units above.

Property Size4,064 SF
Days on Market135

Property Features for 71-41 Austin Street

General Information

Standard status Active
Size 4,064 SF
Property subtype Mixed Use

Additional Details

Multifamily Units 2

Building Details

Stories 3
Listing Agency: RIPCO Real Estate New York
Listed By: Kevin Schmitz · License #NY 10401284640
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 5:49AM

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 RIPCO Real Estate New York

Investment Insights

Based on property information with market context.

71-41 Austin Street is a mixed-use building with a ground-floor retail unit and two full-floor two-bedroom apartments on the second and third floors. The ground floor is approximately 1,600 square feet and includes a full basement for storage; it is currently occupied by a convenience and gift store and will be delivered vacant. The second and third floors each offer two-bedrooms and are approximately 1,232 square feet, and are currently vacant.

The building is located on Austin Street in Forest Hills, an area described as having high foot traffic and numerous national retailers. Surrounding tenants listed include Sephora, Bareburger, Starbucks, Shake Shack, Victoria’s Secret, Buffalo Wild Wings, Banana Republic, and Chipotle.

The property is offered for sale and may be purchased as a package with the adjacent building at 71-43/45 Austin Street, which is described as an opportunity for re-positioning. Inspections are by appointment only.

Key Highlights

  • Mixed‑use building with ground‑floor retail and two full‑floor 2‑bedroom apartments on the 2nd/3rd floors
  • Ground‑floor retail is ~1,600 SF with a full basement for storage; currently occupied and will be delivered vacant
  • Two apartment units (2nd and 3rd floors) are vacant, each approximately ~1,232 SF, and each offers 2 bedrooms

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Hotel & Motel Big Box & Wholesale Store Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

4,816
Businesses Nearby
Under-served
Demand for This Use

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Mixed-use property includes a ground-floor retail unit with a full basement and two vacant two-bedroom apartment units above.
Where is this storefront property located?
The property is located at 71-41 Austin Street Flushing, NY.
What are key features of this property?
This property features: Mixed‑use building with ground‑floor retail and two full‑floor 2‑bedroom apartments on the 2nd/3rd floors; Ground‑floor retail is ~1,600 SF with a full basement for storage; currently occupied and will be delivered vacant; Two apartment units (2nd and 3rd floors) are vacant, each approximately ~1,232 SF, and each offers 2 bedrooms
(516) 647-7155 Call to check price and availability
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