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Commercial: MLS #881052 Forest Hills, NY $ 2,500,000
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Commercial: MLS #881052
$ 2,500,000
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Commercial: MLS #881052

Forest Hills, NY, 11374
$ 2,500,000
Bedrooms-- Baths-- Sq 6,020

Monthly Estimate*

$ 15,597

MLS #/Web ID: 881052 - Image 1
MLS #/Web ID: 881052 - Image 2
MLS #/Web ID: 881052 - Image 3
MLS #/Web ID: 881052 - Image 4
MLS #/Web ID: 881052 - Image 5
MLS #/Web ID: 881052 - Image 6
MLS #/Web ID: 881052 - Image 7
MLS #/Web ID: 881052 - Image 8

Commercial Property for sale in Forest Hills, NY

for $2,500,000. This 6,020 square foot building was built in 1983 on a lot size of 0.0872.

3 Story Apartments building built in 1983, it consists of EIGHT units. This well-positioned property offers Free Market rents, providing a balanced income stream with upside potential. With low operating expenses and an attractive Cap Rate, this asset delivers strong cash flow and long-term value. Don’t miss this turnkey opportunity to add a high-performing asset to your portfolio.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 43,411

Style

Multi Family

Lot Size

0.0872

Year Built

1983

Town/City

Forest Hills

County/Region

Queens

MLS | Web ID

881052
Features
General
Sewer Public Sewer
Heating Baseboard Natural Gas
Cooling None
Utilities Cable Available Electricity Connected Natural Gas Available Natural Gas Connected Sewer Connected Trash Collection Public Water Available Water Connected
Appliances Cooktop ENERGY STAR Qualified Appliances Gas Cooktop Gas Oven Gas Range Microwave Oven Refrigerator Stainless Steel Appliance(s) Gas Water Heater
Zoning R4
Security Features Building Security Fire Alarm Fire Escape Smoke Detector(s) Window Bars
Construction Materials Block Brick
Year Built 1983
Property Subtype Multi Family
Tax Year 2025
Parcel Number 02122-0010
Gross Income 159300
Accessibility Visitor Bathroom
County Queens
Operating Expense 16666
Insurance Expense 6984
Property Type Commercial Sale
Facing Direction North
Building Features Balcony Laundry Walk Up
High School Forest Hills High School
City New York
High School District Queens 28
Number Of Units Total 8
Elementary School Ps 220 Edward Mandel
Property Attached Y/N Y
Tax Annual Amount 43411
Showing Instructions Call/Text LA
Middle/Junior High School Jhs 157 Stephen A Halsey
Property Condition Actual
Water Sewer Expense 6482
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens 28
Elementary School District Queens 28
Cap Rate 4
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Interior
Basement Finished Storage Space
Flooring Carpet Concrete Hardwood Tile
Total Stories 3
Basement Features Finished Storage Space
Basement (Y/N) Y
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Exterior
Fencing Front Yard
Water Source Public
Foundation Details Brick/Mortar Concrete Perimeter Other
Building Area Total 6020
Waterfront Y/N N
Road Frontage Type Municipal
Other Equipment Intercom
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Internal Only
Street Number 1 6229
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* Excluded Features
List By
John Z. Liu CBR

Listing Agent

Chase Global Realty Corp

Broker

718-355-8788

Contact

Affordability Calculator

$19,214
Per Month
81%
19%
0%
Monthly Principal & Interest
$15,597
Monthly Property Taxes
$3,618
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4100343 Elementary School
4098777 Middle School
Forest Hills High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/23/2025$2,500,000 Listed Price

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