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

$11,000,000

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MLS#963741

STATUSActive PROPERTY TYPECommercial - Multiple

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Property 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.

10727 + 10729 71st Avenue | MLS# 963741

This commercial property located at 10727 + 10729 71st Avenue, Forest Hills, NY 11375 is currently listed for sale with an asking price of $11,000,000. Search Forest Hills real estate on www.laffey.com today.

Property Features

Property Type: Commercial - Multiple

Basement: Yes

Basement: Full

Cooling: Electric

Heating: Electric

Lot Size: 0.07 Acres

Taxes: $171,378

Year Built: 1931

Feature Descriptions

Building Area Total: 3563

Business Type: Restaurant

Days on Site: 101

Exterior: Block

On Market Date: 2026-02-20

Parcel Number: 03239-0015

Parking Total: 6

Property Attached Y/N: 1

Rental Term: Monthly

Sewer: Public Sewer

Units: 4

Utilities: Electricity Connected, Sewer Connected

Water: Public

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55 Northern Blvd
Greenvale, NY 11548

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

Property Description

10727 + 10729 71st Avenue | MLS# 963741

Property Features

Feature Descriptions

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

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