Corner Shopping
For Sale
$6,200,000
71-43/55 Yellowstone Boulevard #71-43 45 47 49, Forest Hills, NY 11375
Six occupied retail units are supported by cellar storage and a rear parking area.
Property Size6,255 SF
Lot Size0.23 Acres
Price / SF$991.21
Days on Market209
Property Features for 71-43/55 Yellowstone Boulevard #71-43 45 47 49
General Information
Standard status
Active
Size
6,255 SF
Total Parking Spaces
11
Lot size
0.23 Acres
Property subtype
Multi Family Home
Zoning
R4 with C1-2 commercial overlay
Occupancy
100%
Net Operating Income
$288,000
Financials
Cap Rate
4.6%
Gross Income
$378,000
Site & Location
Frontage
100 ft
Corner Location
Yes
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1951
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
HANMI REALTY
Listed By:
Chung Rhee
(718) 961-8801
Source:
Crystinandcorealty
Added: Mar 30
Changed: Oct 23
Last Checked: Oct 23 at 4:15PM
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 HANMI REALTY
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Investment Insights
Based on property information with market context.
This one-story retail center contains six occupied units totaling approximately 6,255 square feet, with additional storage in the cellars. The property was built in 1951 and includes a rear parking area measuring approximately 3,500 square feet, with capacity for 11 cars. The tenants occupy five-year net leases and pay property taxes and utilities. Zoning is R4 with a C1-2 commercial overlay.
At 71-43/55 Yellowstone Boulevard, the center has a corner location and 100 feet of frontage. Nearby transit includes the Forest Hills LIRR station, Q23, Q60, QM4, QM11, QM12, QM42 and QM44 buses, and the E, F, M and R subway lines. The property is also near Grand Central Parkway, Jackie Robinson Parkway, the Van Wyck Expressway and Metropolitan Avenue.
At 71-43/55 Yellowstone Boulevard, the center has a corner location and 100 feet of frontage. Nearby transit includes the Forest Hills LIRR station, Q23, Q60, QM4, QM11, QM12, QM42 and QM44 buses, and the E, F, M and R subway lines. The property is also near Grand Central Parkway, Jackie Robinson Parkway, the Van Wyck Expressway and Metropolitan Avenue.
Key Highlights
- Six occupied retail units across approximately 6,255 square feet
- Five‑year net leases; tenants pay taxes and utilities
- 100 feet of frontage at a corner location
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,733
Businesses Nearby
650k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Superstores 18%
Home Improvements & Furnishings 14%
Dining 12%
BJ's Wholesale Club
Superstores
119,525 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
93,325 visits/mo
0.3 miles
H Mart
Groceries
69,262 visits/mo
0.4 miles
Marshalls
Apparel
66,127 visits/mo
0.4 miles
Michaels
Shops & Services
48,052 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Six occupied retail units are supported by cellar storage and a rear parking area.
Where is this shopping center located?
The property is located at 71-43/55 Yellowstone Boulevard #71-43 45 47 49 Forest Hills, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Six occupied retail units across approximately 6,255 square feet; Five‑year net leases; tenants pay taxes and utilities; 100 feet of frontage at a corner location
