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$ 6,200,000
Est. payment /mo
Active
71-43/55 Yellowstone Boulevard #71-43, 45, 47, 49 Forest Hills, NY 11375
3 Baths
6,255 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,255 sqft
Price per Sqft $991
MLS Listing ID 11686595
Style Low-rise
Half Baths 6
Year Built 1951
Annual Tax Amount $68,997
Lot Size 10,158 Sqft
Property Description
Significant current net income and development brick corner stores opportunity in the Forest hills & Rego park neighborhood! Very good foot and car traffic with great street intersection, 100 feet of frontage and sign visibility. Well maintained, clean, fully occupied, six unit, shopping plaza around 6,255 square feet with access to storage in the spacious cellars. Long term, loyal and reputable tenants on five year net leases paying taxes and utilities. Yellowstone laundromat, Sushi Akio, Red house kitchen, Little tigers martial arts, Bombay grill house each occupy around 900 sq ft per store and New Paragon cleaners on the corner store occupies around 1,750 sq ft. Current gross yearly rental income around $378k and yearly net income around $288k @ 4.6% cap. Yearly taxes are $68,997. Spacious lot around 10k sq ft includes a rear parking lot around 3,500 sq ft for 11 cars. Great development opportunity up to 20k sq ft (please consult with an architect & attorney)! Next to QM12 & QM42 express to midtown Manhattan, Q23 to LaGuardia airport, many mid rise coop buildings, Evoke electric vehicle charging station, Austin street police station, Forest Hills youth athletic association soccer, baseball and footbal fields, family owned groceries/ pharmacies and Dunkin donuts. Near Q60, QM4, QM11 & QM44 buses, Forest Hills LIRR train station, Queens blvd E,F,M,R subways, Trader Joe's,Target grocery, Stop & shop, Martha's country bakery, Manor Oktoberfest, Chili's grill & bar, Panera bread, Wendy's, Chik fil A, Shake shack, Citi, TD, Flagstar & Flushing banks, Four leaf federal credit union, Ups store, Tmobile, Verizon, Spectrum store, J crew, Banana republic, Gap, Sephora, Northwell Goheath urgent care, Walgreens, Regal UA midway cinemas, Home depot, Q686 Queens Metropolitan High School, Forest hills stadium, West side tennis club, Forest & Yellowstone park, Impact Sports Club and Queens public library. Conveniently off the major junction of Grand central & Mr. Jackie Robinson parkways, Van Wyck expressway and Metropolitan avenue. Located at 71-43/55 Yellowstone Boulevard which is the same address as 6761-6773 Dartmouth street. Built in 1951 with an R4 zoning and a C1-2 commercial overlay. Building Class K1 - One Story Retail. Please do not disturb tenants.
Location
State NY
County 36081
Rooms
Dining Room 0
Kitchen 0
Building
Story 1
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick
Tenisha Davis, Licensed Real Estate Broker
Licensed Real Estate Broker - GRI, ABR, CBR, SFR, SRS - Notary Public