10727 + 10729 71st AVE Forest Hills, NY 11375
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 963741
Rental Info No
Year Built 1931
Annual Tax Amount $171,378
Lot Size 3,249 Sqft
Acres 0.0746
Property Sub-Type Mixed Use
Source onekey2
Property Description
Income:
Pizzeria (Front): $168,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032.
Pizzeria Restaurant (Rear): $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032.
Azad Coffee: $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/2030.
Royal Beauty Spa: $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2/1/2031.
Expenses:
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $6,825 Ann.
Maintenance & Repairs: $250 Ann.
Taxes: $171,378 Ann.
Gross Income: $672,000 Ann.
Total Expenses: $178,453 Ann.
Net Operating Income (NOI): $493,547 Ann.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.
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