71-09 Austin St Queens, NY 11375
- Mixed-use properties
- 15,000 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 71-09 Austin St
- Property size
- 15,000 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Forest Hills, Queens boasts 15,000 square feet across four stories and a lower level. Located on Austin Street, it offers 50 feet of prime retail frontage, currently occupied by Ann Taylor since 2004 under a lease extending with an option to 2033. The building includes seven free-market residential units, six of which have been recently renovated. A convenient handicap elevator connects all floors. Its strategic location is just one block from the E, F, M, and R subway lines and the Forest Hills Long Island Rail Road station, ensuring high visibility and accessibility. The asking price is $7,850,000, translating to $523.33 per square foot. This trophy asset presents a compelling investment opportunity in a thriving Queens neighborhood. The building's strong tenant history and prime location make it an attractive prospect for discerning investors seeking a stable, high-return property. The combination of retail and residential income streams provides a diversified revenue base, further enhancing its investment appeal. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable area with excellent transportation links.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8444
- Latitude
- 40.72
