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Six-Unit Corner Shopping Center

71-43/55 Yellowstone Boulevard #71-43 45 47 49, Forest Hills, NY 11375

For Sale
$6,200,000

Business Opportunity, Forest Hills, NY

Property Size6,255 SF
Lot Size0.23 Acres
Price / SF$991.21
Days on Market223

Property Features for 71-43/55 Yellowstone Boulevard #71-43 45 47 49

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 6
Half bathrooms 6
Rooms Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 6
Subdivision Rego Park & Forest HIlls
Standard status Active
APN 03190-0001
Size 6,255 SF
Lot size 0.23 Acres

Additional Details

Tenant in Place Yes
Corner Location Yes

Taxes and HOA fees

Tax Annual Amount 68997

Utilities

Water source Public

Amenities

access to storage in the spacious cellars

Building Details

Year built 1951
Floors in Building 1
Building materials Masonite, Brick
Architectural style Other
Listing Agency: HANMI REALTY
Listed By: Chung Ill Rhee
Added: Mar 30 Changed: Oct 30 Last Checked: Nov 7 at 8:06AM
MLS# 11686595

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.

Rey
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Investment Insights

Based on property information with market context.

This one-story retail center contains six occupied storefronts and totals 6,255 square feet. Cellar areas provide storage. Five businesses occupy spaces of around 900 square feet each, while New Paragon Cleaners occupies a corner suite of about 1,750 square feet. The building dates to 1951 and has R4 zoning with a C1-2 commercial overlay.

The property sits at the corner of Yellowstone Boulevard and Dartmouth Street in Forest Hills. It has 100 feet of frontage and a rear parking area measuring around 3,500 square feet, with space for 11 cars. The site is 0.2332 acres and is served by nearby bus routes, the Forest Hills LIRR station, and E, F, M, and R subway service. Grand Central Parkway, Jackie Robinson Parkway, Van Wyck Expressway, and Metropolitan Avenue are also nearby.

The leases are five-year net leases, with tenants responsible for taxes and utilities. The property information also identifies development potential of up to 20,000 square feet, subject to review by an architect and attorney.

Key Highlights

  • Six occupied retail suites in a 6,255‑square‑foot, one‑story center
  • 100 feet of frontage at the Yellowstone Boulevard and Dartmouth Street corner
  • 0.2332‑acre site with a rear parking area of around 3,500 square feet and capacity for 11 cars

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store Hotel & Motel Auto Parts Store HVAC Service Hair Salon Auto Repair Shop

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

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,453
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 44% Dining 36% Groceries 17% Home Improvements & Furnishings 3%
Starbucks Dining
19,072 visits/mo 0.4 miles
Vitelio's Marketplace Groceries
10,334 visits/mo 0.1 miles
7-Eleven Shops & Services
8,283 visits/mo 0.5 miles
Chase Bank Shops & Services
7,836 visits/mo 0.4 miles
7-Eleven Shops & Services
5,338 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Rego Park Plaza — 96-18, 96-32 Queens Blvd, Flushing, NY 11375
  • Condicioner — Address is, 92-63 Queens Blvd, Rego Park, NY 11374, United States
  • Rego Center Mall - Lot #24 — 96-5 Queens Blvd, Rego Park, NY 11374
  • Wired Shops — 95-22 63rd Rd Suite 422, Rego Park, NY 11374
  • Angels Consultant Services Inc. — 1145, 95-20 63rd Rd, Rego Park, NY 11374

Frequently Asked Questions

What type of property is this?
Shopping center - Six occupied retail suites have net leases, with additional storage available in the cellars.
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 suites in a 6,255‑square‑foot, one‑story center; 100 feet of frontage at the Yellowstone Boulevard and Dartmouth Street corner; 0.2332‑acre site with a rear parking area of around 3,500 square feet and capacity for 11 cars
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