FOR SALE
$16,750,000
69 47 Austin Street, Forest Hills, NY 11375
27,066 SF
Square Feet
$619
PPSF
Property Description
- Prime corner property, ideal opportunity for an investor or owner-user.
- Building is best suited for a health club, corporate headquarters, medical use, or a school.
- Ideally located with 55’ of frontage along Austin Street, a major retail corridor, and only one block from Queens Boulevard.
- Located within a Qualified Opportunity Zone.
- Highly accessible, within proximity to the [E,F,M,R] trains at Forest Hills – 71st Avenue station, Forest Hills LIRR station, and major thoroughfares.
- Site can be delivered vacant, previously tenanted by a health club.
Property Details
Asset Type
Retail
Zoning
C4-5X, FH
Lot Size
5,500 SF
Neighborhood
Forest Hills
Submarket
Forest Hills
ZIP
11375
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$952,843
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$79,404
Annual Debt Service
$952,843
View on Map
Address
69 47 Austin Street
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Forest Hills Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
