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10919 72nd Rd 7,000 SF Specialty Building Offered For Sale in Forest Hills, NY 11375
INVESTMENT HIGHLIGHTS
- Located in one of the busiest centers in Queens by Austin Street near all shops and medical offices.
- 2 blocks from Long Island railroad (Forest Hills Station)
EXECUTIVE SUMMARY
Prime parking garage for sale in the heart of Forest Hills, featuring 22 parking spots available for rent at $300-$350 per month for a potential annual income of $79,200-$92,400. Annual expenses +/-$42,000. Potential NOI $37,200-$50,400. The property includes a private office and bathroom for on-site management, and the owner has pending Department of Buildings approval for 15 electric vehicle charging stations, offering significant future income potential as EV demand continues to rise
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.31 AC |
| Sale Condition | Business Value Included | Building Size | 7,000 SF |
| Property Type | Specialty | No. Stories | 6 |
| Property Subtype | Parking Garage | Year Built | 2018 |
| Building Class | B | Parking Ratio | 3.14/1,000 SF |
| Zoning | C4-4A/C4-5X - C4 - Regional commercial center located outside of the central business districts | ||
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 7,000 SF |
| No. Stories | 6 |
| Year Built | 2018 |
| Parking Ratio | 3.14/1,000 SF |
| Zoning | C4-4A/C4-5X - C4 - Regional commercial center located outside of the central business districts |
AMENITIES
- Signage
- Wheelchair Accessible
- Car Charging Station
- Air Conditioning
ABOUT 10919 72ND RD , FOREST HILLS, NY 11375
Open lot for parking. Just off Queens Blvd and Austin St. Great investment as the potential for Land lease, or redevelopment. Currently waiting for an approval for 15 charging stations.
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
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10919 72nd Rd
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