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6947 Austin St 27,066 SF 100% Leased Retail Building Forest Hills, NY 11375 $14,000,000 ($517.25/SF)
INVESTMENT HIGHLIGHTS
- Prime corner property, ideal opportunity for an investor or owner-user. Building is best suited for a health club, corporate headquarters, medical use
- Highly accessible, within proximity to the [E,F,M,R] trains at Forest Hills – 71st Avenue station, Forest Hills LIRR station, and major thoroughfares.
- Ideally located with 55’ of frontage along Austin Street, a major retail corridor, and only one block from Queens Boulevard.
- Site can be delivered vacant, previously tenanted by a health club.
EXECUTIVE SUMMARY
69-47 Austin Street offers an investor or user the opportunity to acquire a prime corner property in Forest Hills, NY. Ideally located with 55’ of frontage along Austin Street, the property is highly accessible within proximity to the [E,F,M,R] trains at Forest Hills – 71st Avenue station, the LIRR at Forest Hills station, and major thoroughfares. The building itself is comprised of 27,066 square feet over 5 stories, with 55’ of frontage on Austin Street & 99’ along 70th Avenue. Site can be delivered vacant, previously tenanted by a health club.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Health Club
Building Size
27,066 SF
Building Class
C
Year Built
1930
Price
$14,000,000
Price Per SF
$517.25
Percent Leased
100%
Building Height
4 Stories
Building FAR
3.87
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C4-5X - Regional Commercial Center located outside of the central business districts
Frontage
55’ on Austin St
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Possibility of expanding up to 60,000 SF
Possibility of expanding up to 60,000 SF
Possibility of expanding up to 60,000 SF
Possibility of expanding up to 60,000 SF
| Space | Size | Space Use | Position | Available |
| Ground Fl | 5,000 SF | Retail | End Cap | 30 Days |
| 2nd Floor | 7,189 SF | Retail | End Cap | 30 Days |
| 3rd Floor | 7,188-7,189 SF | Retail | End Cap | 30 Days |
| 4th Floor | 7,188 SF | Retail | End Cap | 30 Days |
Ground Fl
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
2nd Floor
| Size |
| 7,189 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
3rd Floor
| Size |
| 7,188-7,189 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
4th Floor
| Size |
| 7,188 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
Ground Fl
| Size | 5,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
Possibility of expanding up to 60,000 SF
2nd Floor
| Size | 7,189 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
Possibility of expanding up to 60,000 SF
3rd Floor
| Size | 7,188-7,189 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
Possibility of expanding up to 60,000 SF
4th Floor
| Size | 7,188 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
Possibility of expanding up to 60,000 SF
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03237-0030 | Improvements Assessment | $1,801,440 |
| Land Assessment | $309,600 | Total Assessment | $2,111,040 |
PROPERTY TAXES
Parcel Number
03237-0030
Land Assessment
$309,600
Improvements Assessment
$1,801,440
Total Assessment
$2,111,040
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6947 Austin St
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