71-09 Austin StQueens, NY 11375

This exceptional mixed-use property in Forest Hills, Queens boasts 15,000 square feet across four stories and a lower level. Located on Austin Street, it offers 50 feet of prime retail frontage, currently occupied by Ann Taylor since 2004 under a lease extending with an option to 2033. The building includes seven free-market residential units, six of which have been recently renovated. A convenient handicap elevator connects all floors. Its strategic location is just one block from the E, F, M, and R subway lines and the Forest Hills Long Island Rail Road station, ensuring high visibility and accessibility. The asking price is $7,850,000, translating to $523.33 per square foot. This trophy asset presents a compelling investment opportunity in a thriving Queens neighborhood. The building's strong tenant history and prime location make it an attractive prospect for discerning investors seeking a stable, high-return property. The combination of retail and residential income streams provides a diversified revenue base, further enhancing its investment appeal. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable area with excellent transportation links.