For Sale
$6,200,000
7143 Yellowstone Blvd, Flushing, NY 11375
Significant Current Net Income and Development Opportunity Forest Hills Shopping Plaza!
Property Size6,255 SF
Lot Size0.23 Acres
Price / SF$991.21
Days on Market193
Property Features for 7143 Yellowstone Blvd
General Information
Standard status
Active
Property type
Grocery and convenience stores, Shopping centers, Conventional restaurants, Retail properties & Spaces, Restaurants
Size
6,255 SF
Net Rentable
6,255 SF
Total Parking Spaces
11
Elevators
No
Lot size
0.23 Acres
Occupancy
100%
Net Operating Income
$288,000
Building Details
Year Built
1951
Buildings
1
Stories
1
Units
6
Listed By:
Jack Chung Rhee
(646) 251-4448
Added: Apr 6
Investment Insights
Based on property information with market context.
Key Highlights
- Significant current net income and development fully occupied brick corner stores opportunity in the Forest hills and Rego park neighborhood up to 20k square feet!
- Very good foot and car traffic with great street intersection, 100 feet of frontage and sign visibility next to QM12, QM42 amd Q23 buses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,497
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,789,940
$5.8M
Cap Rate 7%
$4,135,671
$4.1M
Cap Rate 9%
$3,216,633
$3.2M
Market Conditions
NOI Build-Up for 6,255 SF
Gross rent
$412.8K $66.00/SF
− Vacancy
−$26.8K −$4.29/SF
EGI
$386.0K $61.71/SF
− OpEx
−$96.5K −$15.43/SF
NOI
$289.5K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,789,940
Cap Rate 7%
$4,135,671
Cap Rate 9%
$3,216,633
Alternative Uses
Best Use
Specialty Retail
$4.14M
$3.62M – $4.82M
NOI $289,497 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$1.60M
$1.40M – $1.86M
NOI $111,652 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
NOI $322,788 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,412
Businesses Nearby
192k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 30%
Apparel 15%
Electronics 7%
Citibank
Shops & Services
32,744 visits/mo
0.4 miles
Paris Baguette
Dining
19,621 visits/mo
0.5 miles
Starbucks
Dining
19,072 visits/mo
0.3 miles
Bank of America
Shops & Services
15,369 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
13,330 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- I.o.g supermarket — 69th Ave, Forest Hills, NY 11375
- Foodtown of Forest Hills — 110-44 Queens Blvd, Queens, NY 11375
- Vitelio's Marketplace — 7176 Yellowstone Blvd, Forest Hills, NY 11375
- Target Grocery — 7000 Austin St, Forest Hills, NY 11375
- Trader Joe's — 69-65 Yellowstone Blvd, Queens, NY 11375
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Significant Current Net Income and Development Opportunity Forest Hills Shopping Plaza!
Where is this grocery and convenience store located?
The property is located at 7143 Yellowstone Blvd Flushing, 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: Significant current net income and development fully occupied brick corner stores opportunity in the Forest hills and Rego park neighborhood up to 20k square feet!; Very good foot and car traffic with great street intersection, 100 feet of frontage and sign visibility next to QM12, QM42 amd Q23 buses.
