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98-22 Metropolitan Ave 4,800 SF Retail Building Forest Hills, NY 11375 $2,350,000 ($489.58/SF)
Executive Summary
Asking Price: $2,350,000
Asset Type: Mixed-Use
Configuration:
• 2 Residential Apartments
• 1 Retail Storefront
• Fully Occupied
• Corner Lot
PROPERTY HIGHLIGHTS
• Prime Metropolitan Avenue Corner Lot
• Stable, income-producing asset
• Separate tenant utilities (low landlord expense exposure)
• Residential + Retail diversification
• 3,300 SF Property
• 0.05 Acre Lot
INVESTMENT SUMMARY
This well-positioned mixed-use property offers immediate cash flow in one of Queens’ most established retail corridors. The combination of two residential units above a street-level retail storefront creates diversified income with long-term upside potential.
Fully occupied and tenant-metered, this asset minimizes operational exposure while delivering stability in a high-demand neighborhood.
Forest Hills continues to attract both residential and commercial tenants due to its strong transportation access, established retail presence, and consistent foot traffic along Metropolitan Avenue.
Asset Type: Mixed-Use
Configuration:
• 2 Residential Apartments
• 1 Retail Storefront
• Fully Occupied
• Corner Lot
PROPERTY HIGHLIGHTS
• Prime Metropolitan Avenue Corner Lot
• Stable, income-producing asset
• Separate tenant utilities (low landlord expense exposure)
• Residential + Retail diversification
• 3,300 SF Property
• 0.05 Acre Lot
INVESTMENT SUMMARY
This well-positioned mixed-use property offers immediate cash flow in one of Queens’ most established retail corridors. The combination of two residential units above a street-level retail storefront creates diversified income with long-term upside potential.
Fully occupied and tenant-metered, this asset minimizes operational exposure while delivering stability in a high-demand neighborhood.
Forest Hills continues to attract both residential and commercial tenants due to its strong transportation access, established retail presence, and consistent foot traffic along Metropolitan Avenue.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,800 SF
Building Class
C
Year Built
1930
Price
$2,350,000
Price Per SF
$489.58
Tenancy
Single
Building Height
2 Stories
Building FAR
2.40
Lot Size
0.05 AC
Zoning
R3-2 - ow density residential zoning district in NYC. You can build single or two family homes as well as small multifamily buildings in R3-2.
Frontage
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03893-0010 | Improvements Assessment | $156,960 |
| Land Assessment | $45,000 | Total Assessment | $201,960 |
Property Taxes
Parcel Number
03893-0010
Land Assessment
$45,000
Improvements Assessment
$156,960
Total Assessment
$201,960
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98-22 Metropolitan Ave
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