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18018 Hillside Ave
Jamaica, NY 11432
Retail Property For Sale
Investment Highlights
- Curb appeal
- Selling Basement
- Steps from 179 St-Jamiaca F-train Subway Station, Q36 & Q82 Bus Service
Executive Summary
A rare chance to acquire a mixed-use building and a fully operating restaurant/bar business from owners retiring after 35 years. Located on the heavily trafficked Hillside Ave corridor, steps from major subway and bus services, this opportunity combines real estate stability with business profitability and massive upside potential.
Business Overview (Included in Bundle)
• 35-year established restaurant & bar with loyal clientele
• Liquor service approved for ground level and basement
• Fully built-out basement bar (turnkey, not operating)
• Business valued at $340,000 — included in $2.85M bundle
• Owners retiring
Income Summary
Commercial Tenant Rent: $7,000/mo
Residential Units (2): $3,300/mo (currently under market) Basement Bar Rental Potential: $2,250/mo
Total Current Income: $12,550/mo ($150,600/yr)
Closing Statement
With stable rental income, a profitable long-standing business, seller financing, and major operational upside, 180-18 Hillside Ave is one of the strongest mixed-use investment opportunities in Jamaica. This is a perfect acquisition for an operator, investor, or family business seeking long-term cash flow and growth potential.
Represented by:
The Corcoran Group
Business Overview (Included in Bundle)
• 35-year established restaurant & bar with loyal clientele
• Liquor service approved for ground level and basement
• Fully built-out basement bar (turnkey, not operating)
• Business valued at $340,000 — included in $2.85M bundle
• Owners retiring
Income Summary
Commercial Tenant Rent: $7,000/mo
Residential Units (2): $3,300/mo (currently under market) Basement Bar Rental Potential: $2,250/mo
Total Current Income: $12,550/mo ($150,600/yr)
Closing Statement
With stable rental income, a profitable long-standing business, seller financing, and major operational upside, 180-18 Hillside Ave is one of the strongest mixed-use investment opportunities in Jamaica. This is a perfect acquisition for an operator, investor, or family business seeking long-term cash flow and growth potential.
Represented by:
The Corcoran Group
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,573 SF
Building Class
C
Year Built
1992
Price
$2,750,000
Price Per SF
$601.36
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.10
Lot Size
0.05 AC
Zoning
R7A - Medium-density apartment district with lower parking requirements
Frontage
21’ on Hillside Ave
Amenities
- 24 Hour Access
- Restaurant
- Signage
Property Taxes
| Parcel Number | 09916-0035 | Improvements Assessment | $203,940 |
| Land Assessment | $63,000 | Total Assessment | $266,940 |
Property Taxes
Parcel Number
09916-0035
Land Assessment
$63,000
Improvements Assessment
$203,940
Total Assessment
$266,940
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