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
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
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.