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Two-Building Mixed-Use Retail Package
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71-43 & 71-45 Austin Street, Forest Hills, NY 11375

Ground-floor retail is paired with upper-level office and residential space.

Property SizeContact for details
Days on Market144

Property Features for 71-43 & 71-45 Austin Street

General Information

Standard status Active
Property subtype Retail, Mixed Use
Listing Agency: RIPCO Real Estate New York
Listed By: Kevin Schmitz · License #NY 10401284640
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 8:47PM

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.

This offering combines two adjoining mixed-use buildings with approximately 7,775 square feet of gross building area. Retail space totals approximately 5,297 square feet, while residential space accounts for approximately 2,479 square feet. One building includes ground-floor retail, three upper stories of commercial and office space, and a full basement for storage. The second building contains ground-floor retail and two upper-level residential units, each configured with two bedrooms.

The retail areas in both buildings are delivered vacant. The residential units are occupied under month-to-month leases. The properties are positioned along Austin Street in Forest Hills, with surrounding retailers including Sephora, Bareburger, Starbucks, Shake Shack, Victoria’s Secret, Buffalo Wild Wings, Banana Republic, and Chipotle. The addresses are 71-43 and 71-45 Austin Street, Forest Hills, NY 11375.

Key Highlights

  • Approximately 7,775 SF across two adjoining mixed‑use buildings
  • Approximately 5,297 SF of retail area and 2,479 SF of residential area
  • 71‑43 Austin Street includes three upper stories of commercial and office space

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.

Location Intelligence

Trade Area within ½ mile

4,816
Businesses Nearby

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 Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail is paired with upper-level office and residential space.
Where is this mixed-use property located?
The property is located at 71-43 & 71-45 Austin Street Forest Hills, NY.
What are key features of this property?
This property features: Approximately 7,775 SF across two adjoining mixed‑use buildings; Approximately 5,297 SF of retail area and 2,479 SF of residential area; 71‑43 Austin Street includes three upper stories of commercial and office space
(516) 647-7155 Call to check price and availability
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