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136-21 Hillside Ave
Richmond Hill, NY 11418
Office Property For Sale
Executive Summary
PointBridge CRE is pleased to present the exclusive offering of 136-21 Hillside Avenue, a modern, freestanding Class B office building located in Richmond Hill, Queens.
Constructed in 2019 and delivered with a final Certificate of Occupancy in 2021, the property consists of approximately 18,138 square feet and is ideally suited for investors or owner-users seeking a high-quality, newer construction asset in a prime commercial corridor.
The property is being offered at $11,000,000, representing a 6.10% capitalization rate, providing stable yield in a supply-constrained Queens office market.
Constructed in 2019 and delivered with a final Certificate of Occupancy in 2021, the property consists of approximately 18,138 square feet and is ideally suited for investors or owner-users seeking a high-quality, newer construction asset in a prime commercial corridor.
The property is being offered at $11,000,000, representing a 6.10% capitalization rate, providing stable yield in a supply-constrained Queens office market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
19,000 SF
Building Class
B
Year Built
2020
Price
$10,500,000
Price Per SF
$552.63
Cap Rate
6.40%
NOI
$672,100
Percent Leased
99%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,750 SF
Building FAR
3.93
Lot Size
0.11 AC
Zoning
R6, C2-3
Property Taxes
| Parcel Number | 09623-0033 | Improvements Assessment | $1,280,250 |
| Land Assessment | $164,700 | Total Assessment | $1,444,950 |
Property Taxes
Parcel Number
09623-0033
Land Assessment
$164,700
Improvements Assessment
$1,280,250
Total Assessment
$1,444,950
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