NY > Jamaica
Jamaica, NY 11432,18018 Hillside AVE
$2,850,000
Est. payment /mo
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1,960 Sqft Lot
New

18018 Hillside AVE Jamaica, NY 11432

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Omar Harper

Omar Harper

Team H.A.R.T. at Epique Realty

+1(845) 209-0133

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 943738

Rental Info No

Year Built 1992

Annual Tax Amount $27,225

Lot Size 1,960 Sqft

Acres 0.045

Property Sub-Type Mixed Use

Source onekey2

Property Description

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, 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 both floors

• Fully built-out basement bar (turnkey, not operating)

• Business valued at $340,000 — included in $2.7M bundle

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)

UPSIDE POTENTIAL:

• Raise residential rents to market ($4,000/mo)

• Reopen basement bar (adds $8,000–$12,000/mo revenue) • Expand delivery platforms (UberEats, DoorDash)

• Introduce catering & event hosting

• Modernize branding/menu for higher margins

COMPARABLE SALES ON HILLSDALE AVENUE:

153-36 Hillside Ave — $1.47M | 2,178 sqft | $675/sqft

182-34 Hillside Ave — $1.645M | 2,475 sqft | $665/sqft

182-34/36 Package — $3.534M | ~4,573 sqft | ~$773/sqft

VALUATION ANALYSIS (PPSF):

4,573 sqft × $665 = $3.04M

4,573 sqft × $700 = $3.20M

4,573 sqft × $750 = $3.43M

***True Market Value: $3.0M–$3.4M

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 business seeking long-term cash flow and growth potential.

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Heating Natural Gas

Cooling Electric

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Stucco

Others

Special Listing Condition None

Listed by Corcoran • Matthew P. Holt

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Omar Harper

Omar Harper

Broker Associate

+1(845) 209-0133

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18018 Hillside AVE

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