Richard Lease - John J Lease Realtors Logo
$11,000,000
( $3087.29Per Sq Foot )
 $59,050 est/mo Sourced by Back At You

10727 + 10729 71st Avenue,Forest Hills, NY 11375

Forest Hills, NY 11375

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Description

Calling All Investors, Developers & End-Users!!! 100% Occupied New Mini Mall In Forest Hills For Sale!!! The Property Is Located In The Heart Of Forest Hills On 71st Avenue Just Off Queens Blvd. Only Minutes From Forest Hills Stadium & Queens Center!!! The Property Is Situated On A 6,600+ Sqft. Lot Only Minutes From The Grand Central Pkwy., Van Wyck Expy. & Jackie Robinson Pkwy.!!! The Building Features Excellent Signage, Great Exposure, Long Term Leases, C4-5X/R7X Zoning, High 8’ Ceilings, 3 Stories, 2 Lots, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, Chevrolet, Costco, The Home Depot, P.C. Richard & Son, Best Buy, Target, Planet Fitness, Shake Shack, The Vitamin Shoppe, Trader Joe’s, Regal Cinemas, Walgreens, Dunkin’, Jersey Mike’s Subs, Chick-fil-A, Wendy’s, +++!!! The Property Has 49’ Of Frontage On 71st Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Pizzeria (Front): $168,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032. Pizzeria Restaurant (Rear): $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032. Azad Coffee: $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/2030. Royal Beauty Spa: $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2/1/2031. Expenses: Electric: $0 Ann. Water & Sewer: $0 Ann. Insurance: $6,825 Ann. Maintenance & Repairs: $250 Ann. Taxes: $171,378 Ann. Gross Income: $672,000 Ann. Total Expenses: $178,453 Ann. Net Operating Income (NOI): $493,547 Ann.

Details

MLS #963741
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1931
Days On Site183
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet3,563
BasementY
Story(s)3
Units4
ZoningC4-5X
Acreage0.07

Interior

CoolingElectric
HeatingElectric

Exterior

Construction MaterialsBlock

Utilities

UtilitiesElectricity Connected, Sewer Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value171378
Tax Annual Amount171378

Area Information

StateNY
CountyQueens
CityForest Hills
Zip Code11375
Listing VS Median (in 11375)
Price:
$11,000,000
low | high
Med:
$370,000
100% of Average
sqft:
3,563
low | high
Med:
750
100% of Average
$ / sqft:
$3,087
low | high
Med:
$493
100% of Average
On site:
183
low | high
Med:
117
100% of Average
Sourced by Back At You

Market Activity 11375

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Learn More About This Property

Richard Lease

Richard Lease

John J Lease REALTORS

 (845) 565-2800richardlease@johnjleaserealtors.com
StateNY
CountyQueens
CityForest Hills
Zip Code11375
Listing VS Median (in 11375)
Price:
$11,000,000
low | high
Med:
$370,000
100% of Average
sqft:
3,563
low | high
Med:
750
100% of Average
$ / sqft:
$3,087
low | high
Med:
$493
100% of Average
On site:
183
low | high
Med:
117
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $8.25M - $13.75M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
942 72nd Street Property Photo 1
$2,888,000
942 72nd Street
Brooklyn, NY 11228
Listing Updated: July 9, 2026 at 3:29:48 PM PDT

Richard Lease - John J Lease Realtors