Ad #7909153
MLS #11686595
*IN CONTRACT* Significant current net income and development
71-43/55 Yellowstone Blvd #71-43, 45, 47, 49, Forest Hills, NY 11375
$6,200,000
--Beds
6Baths
6,255Sqft
0.23Acres
About this property
*IN CONTRACT* Significant current net income and development brick corner stores opportunity in the Forest hills & Rego park neighborhood! Very good foot and car traffic with great street intersection, 100 feet of frontage and sign visibility. Well maintained, clean, fully occupied, six unit, shopping plaza around 6,255 square feet with access to storage in the spacious cellars. Long term, loyal and reputable tenants on five year net leases paying taxes and utilities. Yellowstone laundromat, Sushi Akio, Red house kitchen, Little tigers martial arts, Bombay grill house each occupy around 900 sq ft per store and New Paragon cleaners on the corner store occupies around 1,750 sq ft. Current gross yearly rental income around $378k and yearly net income around $288k @ 4.6% cap. Yearly taxes are $68,997. Spacious lot around 10k sq ft includes a rear parking lot around 3,500 sq ft for 11 cars. Great development opportunity up to 20k sq ft (please consult with an architect & attorney)! Next to QM12 & QM42 express to midtown Manhattan, Q23 to LaGuardia airport, many mid rise coop buildings, Evoke electric vehicle charging station, Austin street police station, Forest Hills youth athletic association soccer, baseball and footbal fields, family owned groceries/ pharmacies and Dunkin donuts. Near Q60, QM4, QM11 & QM44 buses, Forest Hills LIRR train station, Queens blvd E,F,M,R subways, Trader Joe's,Target grocery, Stop & shop, Martha's country bakery, Manor Oktoberfest, Chili's grill & bar, Panera bread, Wendy's, Chik fil A, Shake shack, Citi, TD, Flagstar & Flushing banks, Four leaf federal credit union, Ups store, Tmobile, Verizon, Spectrum store, J crew, Banana republic, Gap, Sephora, Northwell Goheath urgent care, Walgreens, Regal UA midway cinemas, Home depot, Q686 Queens Metropolitan High School, Forest hills stadium, West side tennis club, Forest & Yellowstone park, Impact Sports Club and Queens public library. Conveniently off the major junction of Grand central & Mr. Jackie Robinson parkways, Van Wyck expressway and Metropolitan avenue. Located at 71-43/55 Yellowstone Boulevard which is the same address as 6761-6773 Dartmouth street. Built in 1951 with an R4 zoning and a C1-2 commercial overlay. Building Class K1 - One Story Retail. Please do not disturb tenants.
Property Features
0 Beds
6 Baths
6,255 Sqft
Built in 1951
0.23 Acres
1 Story
Siding: Masonite, Brick
$68,997 / yr property tax
Queens County
Rego Park & Forest HIlls Community
Additional Photos
Contact Information
Chung Ill Rhee
HANMI REALTY
718-961-8801
Location
Listing Agent: Chung Ill Rhee 718-961-8801
Broker: HANMI REALTY 718-961-8801 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: HANMI REALTY 718-961-8801 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$6,200,000
--
Beds
6
Baths
6,255
Sqft
71-43/55 Yellowstone Blvd #71-43, 45, 47, 49, Forest Hills, NY 11375
By contacting this agent you agree to these Terms and Conditions.
MLS# 11686595
*IN CONTRACT* Significant current net income and development
$6,200,000
71-43/55 Yellowstone Blvd #71-43, 45, 47, 49, Forest Hills, NY 11375
--
Beds
6
Baths
6,255
Sqft
0.23
Acres
$6,200,000
71-43/55 Yellowstone Blvd #71-43, 45, 47, 49, Forest Hills, NY 11375
-- Beds
6 Baths
6,255 Sqft
0.23 Acres
*IN CONTRACT* Significant current net income and development brick corner stores opportunity in the Forest hills & Rego park neighborhood! Very good foot and car traffic with great street intersection, 100 feet of frontage and sign visibility. Well maintained, clean, fully occupied, six unit, shopping plaza around 6,255 square feet with access to storage in the spacious cellars. Long term, loyal and reputable tenants on five year net leases paying taxes and utilities. Yellowstone laundromat, Sushi Akio, Red house kitchen, Little tigers martial arts, Bombay grill house each occupy around 900 sq ft per store and New Paragon cleaners on the corner store occupies around 1,750 sq ft. Current gross yearly rental income around $378k and yearly net income around $288k @ 4.6% cap. Yearly taxes are $68,997. Spacious lot around 10k sq ft includes a rear parking lot around 3,500 sq ft for 11 cars. Great development opportunity up to 20k sq ft (please consult with an architect & attorney)! Next to QM12 & QM42 express to midtown Manhattan, Q23 to LaGuardia airport, many mid rise coop buildings, Evoke electric vehicle charging station, Austin street police station, Forest Hills youth athletic association soccer, baseball and footbal fields, family owned groceries/ pharmacies and Dunkin donuts. Near Q60, QM4, QM11 & QM44 buses, Forest Hills LIRR train station, Queens blvd E,F,M,R subways, Trader Joe's,Target grocery, Stop & shop, Martha's country bakery, Manor Oktoberfest, Chili's grill & bar, Panera bread, Wendy's, Chik fil A, Shake shack, Citi, TD, Flagstar & Flushing banks, Four leaf federal credit union, Ups store, Tmobile, Verizon, Spectrum store, J crew, Banana republic, Gap, Sephora, Northwell Goheath urgent care, Walgreens, Regal UA midway cinemas, Home depot, Q686 Queens Metropolitan High School, Forest hills stadium, West side tennis club, Forest & Yellowstone park, Impact Sports Club and Queens public library. Conveniently off the major junction of Grand central & Mr. Jackie Robinson parkways, Van Wyck expressway and Metropolitan avenue. Located at 71-43/55 Yellowstone Boulevard which is the same address as 6761-6773 Dartmouth street. Built in 1951 with an R4 zoning and a C1-2 commercial overlay. Building Class K1 - One Story Retail. Please do not disturb tenants.
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Property Details
HOME DETAILS
0 Beds
6 Baths
6,255 Sqft
Built in 1951
0.23 Acres
1 Story
EXTERIOR
Siding: Masonite, Brick
FINANCIAL & COMMUNITY
$68,997 / yr property tax
Queens County
Rego Park & Forest HIlls Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7909153
Viewed
10 times
Listing Status
Active Under Contract
Added
Jul 02, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
My State MLS
Source Property ID
11686595
Listing Agent: Chung Ill Rhee 718-961-8801
Broker: HANMI REALTY 718-961-8801 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: HANMI REALTY 718-961-8801 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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