68-60 Austin St Queens, NY 11375
This exceptional retail or restaurant opportunity is located on Austin Street in the heart of Forest Hills, Queens. The property boasts 842 square feet of space in a single building, perfectly situated in a high-traffic area surrounded by offices, retail shops, and popular attractions, ensuring consistent customer flow. Its prime location directly across from multiple offices and neighboring retail establishments provides significant daily visibility to both local residents and visitors. The business has cultivated a loyal customer base through its vendor status at the renowned Forest Hills Stadium. A newly negotiated, advantageous 10-year lease provides exceptional long-term stability, making this a compelling investment prospect for those seeking to thrive in Forest Hills' dynamic commercial landscape. The property is zoned R5D, C2-3, and FH, and is located in Queens County, with Yellowstone Blvd as a cross street. The building underwent renovations in 2020. The asking price for the business is $175,000. This is a rare chance to acquire a well-established business with significant growth potential in a highly desirable location. Don't miss this opportunity to own a piece of Forest Hills' vibrant commercial scene.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.