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

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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: $44,000 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 $13,800,000. Search Forest Hills real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Multiple
Basement: Yes
Basement: Full
Cooling: Electric
Heating: Electric
Lot Size: 0.07 Acres
Taxes: $85,443
Year Built: 1931

Feature Descriptions

Building Area Total: 3563
Business Type: Restaurant
Days on Site: 12
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

Demographics

Listed By / Shown By

Listing By

Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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