98-22 Metropolitan Ave - Storefront Retail/Residential FOR SALE


Forest Hills, NY 11375
$2,350,000 USD
917-319-9811
98-22 Metropolitan Ave, Forest Hills, NY for Sale
$2,350,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

98-22 Metropolitan Ave
Forest Hills, NY 11375


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,004 SF

ZONING

R3-2

APN/PARCEL ID

03893-0010

ASK ABOUT THIS PROPERTY

Sarah MichaelOxford Property GroupMore Info
917-319-9811

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Sarah MichaelOxford Property GroupMore Info
917-319-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.