Six-Unit Neighborhood Shopping
For Sale
$6,200,000
Pending
71-43/55 Yellowstone Boulevard #71-43 45 47 49, Forest Hills, NY 11375
Business Opportunity, Forest Hills, NY
Property Size6,255 SF
Lot Size0.23 Acres
Days on Market178
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 6, Bathroom 5
Subdivision
Rego Park & Forest HIlls
Standard status
Pending
APN
03190-0001
Size
6,255 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
68997
Utilities
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Building materials
Masonite, Brick
Architectural style
Other
Listing Agency:
HANMI REALTY
(718) 961-8801
Listed By:
Chung Ill Rhee
(646) 251-4448
Added: Mar 30
Changed: Sep 17
Last Checked: Sep 23 at 2:06AM
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.
Investment Insights
Based on property information with market context.
This one-story shopping center contains six retail storefronts totaling 6,255 square feet, with additional storage access in the cellars. The building was constructed in 1951 and features brick and masonite construction, public water service, six bathrooms, and a rear parking area accommodating 11 cars. The property occupies approximately 0.2332 acres and provides 100 feet of frontage with visible signage at a corner intersection.
The center is fully occupied by established retail and service tenants under five-year net leases, with individual store areas generally near 900 square feet and one corner space measuring approximately 1,750 square feet. Zoning is identified as R4 with a C1-2 commercial overlay. The property is positioned near multiple bus routes, Forest Hills LIRR station, and the Queens Boulevard E, F, M, and R subway lines, with access to Grand Central Parkway, the Jackie Robinson Parkway, the Van Wyck Expressway, and Metropolitan Avenue.
The center is fully occupied by established retail and service tenants under five-year net leases, with individual store areas generally near 900 square feet and one corner space measuring approximately 1,750 square feet. Zoning is identified as R4 with a C1-2 commercial overlay. The property is positioned near multiple bus routes, Forest Hills LIRR station, and the Queens Boulevard E, F, M, and R subway lines, with access to Grand Central Parkway, the Jackie Robinson Parkway, the Van Wyck Expressway, and Metropolitan Avenue.
Key Highlights
- Six‑unit shopping center totaling 6,255 square feet
- Approximately 0.2332 acres with 100 feet of frontage
- Fully occupied retail and service tenant roster
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,453
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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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 - Fully occupied retail center with six storefronts and five-year net leases.
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‑unit shopping center totaling 6,255 square feet; Approximately 0.2332 acres with 100 feet of frontage; Fully occupied retail and service tenant roster
