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Six-Unit Corner Shopping Center
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71-43 Yellowstone Blvd, Forest Hills, NY 11375

Fully occupied neighborhood retail center with cellar storage, rear parking, and R4 zoning with a C1-2 commercial overlay.

Property Size6,255 SF
Price / SF$991.21
Days on Market150

Property Features for 71-43 Yellowstone Blvd

General Information

Standard status Active
Size 6,255 SF
Total Parking Spaces 11
Property subtype Land, Office, Retail
Zoning R4, C1-2
Occupancy 100%
Lease Type Net
Net Operating Income $288,000

Building Details

Year Built 1951
Buildings 1
Stories 1
Units 6
Tenancy Multi
Listing Agency: Hanmi Realty
Listed By: Jack Chung Rhee · License #10401222178
Source: Crexi
Added: Apr 4 Changed: Aug 30 Last Checked: Aug 30 at 8:56PM

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

Investment Insights

Based on property information with market context.

This one-story retail center contains six storefronts totaling 6,255 square feet, with additional storage access in the cellars. The building was constructed in 1951 and is fully occupied under five-year net leases, with tenants responsible for taxes and utilities. Store sizes range from approximately 900 square feet to 1,750 square feet, supporting a varied neighborhood retail and service mix.

The property occupies a corner position at 71-43/55 Yellowstone Boulevard, also addressed as 6761-6773 Dartmouth Street, with 100 feet of frontage and a rear parking area measuring approximately 3,500 square feet for 11 cars. The approximately 10,000-square-foot lot is zoned R4 with a C1-2 commercial overlay. Transit access includes nearby QM12, QM42, Q23, Q60, QM4, QM11, and QM44 bus service, as well as Forest Hills LIRR and Queens Boulevard E, F, M, and R subway stations. The source information also identifies development potential of up to 20,000 square feet, subject to review by an architect and attorney.

Key Highlights

  • Six storefronts totaling 6,255 square feet in a one‑story retail building
  • Fully occupied with five‑year net leases; tenants pay taxes and utilities
  • 100 feet of frontage at Yellowstone Boulevard and Dartmouth Street

Property Analytics

Current Use

Shopping centers

Suggested Use

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

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

3,877
Businesses Nearby
144k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 65% Dining 18% Groceries 17%
7-Eleven Shops & Services
26,318 visits/mo 0.2 miles
Mobil Shops & Services
26,211 visits/mo 0.1 miles
Key Food Supermarkets Groceries
16,072 visits/mo 0.3 miles
Chase Bank Shops & Services
14,249 visits/mo 0.4 miles
Taco King Dining
11,595 visits/mo 0.3 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

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
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied neighborhood retail center with cellar storage, rear parking, and R4 zoning with a C1-2 commercial overlay.
Where is this shopping center located?
The property is located at 71-43 Yellowstone Blvd 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 storefronts totaling 6,255 square feet in a one‑story retail building; Fully occupied with five‑year net leases; tenants pay taxes and utilities; 100 feet of frontage at Yellowstone Boulevard and Dartmouth Street
More about this property
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