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Listing Courtesy of Corcoran Group
$2,750,000
Est. payment /mo
2 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family, Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Hollis
MLS Listing ID RLS20069851
Bedrooms 2
Full Baths 4
Half Baths 2
HOA Y/N No
Year Built 1992
Annual Tax Amount $27,300
Property Sub-Type Mixed Use
Property Description
Please Note this is R7 Zoning
Package Deal Property + Business for sale
The property is located along the Hillside Avenue corridor in Jamaica, Queens, an area known for consistent foot and vehicular traffic. The offering combines income-producing real estate with an operating food and beverage business.
BUSINESS OVERVIEW (Included in Sale) Restaurant and bar business in operation for approximately 35 years under current ownership Liquor service approved on multiple levels (subject to license transfer) Built-out basement bar space, currently not in operation Seller-provided business valuation estimated at $340,000, included in the overall purchase price Business operations, licenses, and financials subject to verification by purchaser CURRENT INCOME SUMMARY (As Provided by Ownership) Commercial : $7,000/month (potential) Owned by landlord Residential Units (2): $3,300/month total (reported below prevailing market levels) $2000 per apt is market Basement Bar: $3000 But Currently not producing income Reported Total Current Income: $12,550/month ($150,600 annually)
Income figures are not guaranteed and should be independently verified.
POTENTIAL CONSIDERATIONS
Residential rents may be adjusted upon vacancy in accordance with applicable laws Basement bar space may be utilized, subject to reopening, licensing, and operational approvals Business expansion opportunities may include third-party delivery platforms, catering, or private events Branding, menu, and operational changes may be explored at purchaser's discretion COMPARABLE SALES (Hillside Avenue - Approximate) 153-36 Hillside Ave - $1.47M Approx. 2,178 SF 182-34 Hillside Ave - $1.645M Approx. 2,475 SF 182-34/36 Hillside Ave (Package) - $3.534M Approx. 4,573 SF Comparable data provided for reference only; not a representation of value.
VALUATION CONTEXT (Illustrative Only) Price-per-square-foot ranges on Hillside Avenue have varied based on asset condition, income profile, and market conditions. Any valuation estimates are for discussion purposes only and are not guarantees of market value.
CLOSING REMARKS 180-18 Hillside Avenue offers a mixed-use asset with existing income and an operating restaurant business, providing multiple components for a purchaser to evaluate. The property may appeal to investors or owner-operators seeking a combination of residential, commercial, and business use, subject to customary due diligence, approvals, and verification.
Package Deal Property + Business for sale
The property is located along the Hillside Avenue corridor in Jamaica, Queens, an area known for consistent foot and vehicular traffic. The offering combines income-producing real estate with an operating food and beverage business.
BUSINESS OVERVIEW (Included in Sale) Restaurant and bar business in operation for approximately 35 years under current ownership Liquor service approved on multiple levels (subject to license transfer) Built-out basement bar space, currently not in operation Seller-provided business valuation estimated at $340,000, included in the overall purchase price Business operations, licenses, and financials subject to verification by purchaser CURRENT INCOME SUMMARY (As Provided by Ownership) Commercial : $7,000/month (potential) Owned by landlord Residential Units (2): $3,300/month total (reported below prevailing market levels) $2000 per apt is market Basement Bar: $3000 But Currently not producing income Reported Total Current Income: $12,550/month ($150,600 annually)
Income figures are not guaranteed and should be independently verified.
POTENTIAL CONSIDERATIONS
Residential rents may be adjusted upon vacancy in accordance with applicable laws Basement bar space may be utilized, subject to reopening, licensing, and operational approvals Business expansion opportunities may include third-party delivery platforms, catering, or private events Branding, menu, and operational changes may be explored at purchaser's discretion COMPARABLE SALES (Hillside Avenue - Approximate) 153-36 Hillside Ave - $1.47M Approx. 2,178 SF 182-34 Hillside Ave - $1.645M Approx. 2,475 SF 182-34/36 Hillside Ave (Package) - $3.534M Approx. 4,573 SF Comparable data provided for reference only; not a representation of value.
VALUATION CONTEXT (Illustrative Only) Price-per-square-foot ranges on Hillside Avenue have varied based on asset condition, income profile, and market conditions. Any valuation estimates are for discussion purposes only and are not guarantees of market value.
CLOSING REMARKS 180-18 Hillside Avenue offers a mixed-use asset with existing income and an operating restaurant business, providing multiple components for a purchaser to evaluate. The property may appeal to investors or owner-operators seeking a combination of residential, commercial, and business use, subject to customary due diligence, approvals, and verification.
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Mixed Use
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $2, 275
Special Listing Condition Standard
Pets Allowed Building Yes, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716