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4010 Forley St 3,568 SF 100% Leased Retail Building Elmhurst, NY 11373 $1,980,000 ($554.93/SF) 6.57% Cap Rate



EXECUTIVE SUMMARY
Introducing a prime investment opportunity nestled in the bustling heart of Elmhurst, this remarkable three-story mixed-use building offers a blend of retail and residential spaces, presenting an ideal prospect for both seasoned investors and owner-occupants seeking a strategic location with fantastic potential.
Located adjacent to the subway station, convenience meets opportunity at this highly desirable address, ensuring maximum visibility and foot traffic for the retail spaces on the first and second floors. With great tenants already in place, this property presents an attractive option for those seeking immediate rental income and a solid return on investment.
The ground and second levels boast expansive retail spaces, providing an excellent opportunity for a wide range of businesses to thrive in this vibrant community. Whether it's a boutique shop, a cozy cafe, or a professional office, the possibilities are endless to capitalize on the bustling foot traffic and diverse customer base that Elmhurst has to offer.
Ascend to the third floor to discover a spacious residential unit, offering a peaceful retreat amidst the energetic city surroundings. With comfortable living spaces, modern amenities, and proximity to all the conveniences of urban living, this residential unit presents an enticing option for an owner seeking the convenience of living just steps away from their business.
Investors will appreciate the stability and potential for growth in this sought-after location, while owner-occupants can take advantage of the opportunity to establish their business presence in one of Queens' most dynamic neighborhoods.
Whether you're looking to diversify your investment portfolio or searching for the perfect live-work opportunity, this three-story mixed-use building in the heart of Elmhurst offers the best of both worlds. Don't miss out on this rare chance to own a piece of prime real estate in one of New York City's most vibrant communities. Schedule your viewing today and seize the opportunity to make your mark in Elmhurst!
Located adjacent to the subway station, convenience meets opportunity at this highly desirable address, ensuring maximum visibility and foot traffic for the retail spaces on the first and second floors. With great tenants already in place, this property presents an attractive option for those seeking immediate rental income and a solid return on investment.
The ground and second levels boast expansive retail spaces, providing an excellent opportunity for a wide range of businesses to thrive in this vibrant community. Whether it's a boutique shop, a cozy cafe, or a professional office, the possibilities are endless to capitalize on the bustling foot traffic and diverse customer base that Elmhurst has to offer.
Ascend to the third floor to discover a spacious residential unit, offering a peaceful retreat amidst the energetic city surroundings. With comfortable living spaces, modern amenities, and proximity to all the conveniences of urban living, this residential unit presents an enticing option for an owner seeking the convenience of living just steps away from their business.
Investors will appreciate the stability and potential for growth in this sought-after location, while owner-occupants can take advantage of the opportunity to establish their business presence in one of Queens' most dynamic neighborhoods.
Whether you're looking to diversify your investment portfolio or searching for the perfect live-work opportunity, this three-story mixed-use building in the heart of Elmhurst offers the best of both worlds. Don't miss out on this rare chance to own a piece of prime real estate in one of New York City's most vibrant communities. Schedule your viewing today and seize the opportunity to make your mark in Elmhurst!
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,568 SF
Building Class
C
Year Built/Renovated
1955/2008
Price
$1,980,000
Price Per SF
$554.93
Cap Rate
6.57%
NOI
$130,000
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.64
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R6 - A medium-density residential district for multi-family apartment buildings.
AMENITIES
- Signage
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01503-0016 | Improvements Assessment | $315,180 (2025) |
| Land Assessment | $36,900 (2025) | Total Assessment | $352,080 (2025) |
PROPERTY TAXES
Parcel Number
01503-0016
Land Assessment
$36,900 (2025)
Improvements Assessment
$315,180 (2025)
Total Assessment
$352,080 (2025)
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4010 Forley St
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