10727 + 10729 71st Avenue
Forest Hills, NY, 11375 $ 11,000,000
Bedrooms-- Baths-- Sq 3,563 Monthly Estimate*
$ 67,729
for $11,000,000. This 3,563 square foot building was built in 1931 on a lot size of 0.0746.
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.
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Electric
Utilities Electricity Connected Sewer Connected
Zoning C4-5X
Construction Materials Block
Year Built 1931
Stories Count 3
Property Subtype Mixed Use
Tax Year 2025
Parcel Number 03239-0015
Gross Income 672000
Business Type Restaurant
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 4
Property Attached Y/N Y
Tax Annual Amount 171378
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 171378
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InteriorBasement Full
Basement Features Full
Basement (Y/N) Y
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ExteriorWater Source Public
Total Parking 6
Parking Spaces 6
Building Area Total 3563
Waterfront Y/N N
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $67,729
- Monthly Property Taxes
- $14,282
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Forest Hills, NY
Average List Price $1,388,350
Percent of Sale Price 87%
About Forest Hills, NY 69,853 Population
0% Since 2002
$ 76,299 Median Income
44.17 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/15/2026 | $11,000,000 | -20.29% | Price Down |
| 2/20/2026 | $13,800,000 | | Listed Price |