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6947 Austin St

28,000 SF 100% Leased Retail Building Forest Hills, NY 11375 $15,500,000 ($554/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
28,000 SF
Building Class
C
Year Built
1930
Price
$15,500,000
Price Per SF
$554
Percent Leased
100%
Building Height
5 Stories
Building FAR
4.02
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C4-5X - Regional Commercial Center

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 6,767 SF
  • Retail
  • -
  • 30 Days

Possibility of expanding up to 60,000 SF

  • 2nd Floor
  • 6,767 SF
  • Retail
  • -
  • 30 Days

Possibility of expanding up to 60,000 SF

  • 3rd Floor
  • 6,767 SF
  • Retail
  • -
  • 30 Days

Possibility of expanding up to 60,000 SF

  • 4th Floor
  • 6,765 SF
  • Retail
  • -
  • 30 Days

Possibility of expanding up to 60,000 SF

Space Size Space Use Position Available
1st Floor 6,767 SF Retail - 30 Days
2nd Floor 6,767 SF Retail - 30 Days
3rd Floor 6,767 SF Retail - 30 Days
4th Floor 6,765 SF Retail - 30 Days

1st Floor

Size
6,767 SF
Space Use
Retail
Position
-
Available
30 Days

2nd Floor

Size
6,767 SF
Space Use
Retail
Position
-
Available
30 Days

3rd Floor

Size
6,767 SF
Space Use
Retail
Position
-
Available
30 Days

4th Floor

Size
6,765 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size 6,767 SF
Space Use Retail
Position -
Available 30 Days

Possibility of expanding up to 60,000 SF

2nd Floor

Size 6,767 SF
Space Use Retail
Position -
Available 30 Days

Possibility of expanding up to 60,000 SF

3rd Floor

Size 6,767 SF
Space Use Retail
Position -
Available 30 Days

Possibility of expanding up to 60,000 SF

4th Floor

Size 6,765 SF
Space Use Retail
Position -
Available 30 Days

Possibility of expanding up to 60,000 SF

Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Lucille Roberts
Starbucks
TGI Fridays
Planet Fitness
Trader Joe's
TD Bank
Bank of America
Capital One
Club Pilates
Key Food

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03237-0030
Land Assessment
$309,600
Improvements Assessment
$1,970,040
Total Assessment
$2,279,640
  • Listing ID: 32654889

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 6947 Austin St, Forest Hills, NY 11375

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