Mixed-Use Property with Restaurant
For Sale
$4,690,000
117-11/13 Hillside Avenue, Richmond Hill, NY 11418
Mixed-use building combining a restaurant and bar operation with six occupied residential apartments.
Property Size13,000 SF
Price / SF$1,876
Days on Market166
Property Features for 117-11/13 Hillside Avenue
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Business Opportunity
Zoning
R5/C3
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground
Cap Rate
6.5%
Seating Capacity
250
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$15,312
Building Details
Building Size
13,000 SF
Year Built
1931
Year Renovated
2020
Buildings
2
Stories
3
Units
6
Listing Agency:
Nirvana Realty Inc
Listed By:
Vincent Suresh
(718) 843-5600
Source:
Mydreamhomerealty
Added: Apr 7
Changed: Sep 19
Last Checked: Sep 18 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nirvana Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor restaurant and bar with six residential apartments. The commercial floor measures approximately 50 by 50 feet and carries a public assembly certificate of occupancy for up to 250 seated guests. It includes a fully equipped kitchen, its own boiler and water heater, and was updated in 2020. The restaurant area is currently vacant, while all six apartments are occupied.
Residential units have separate boilers and water heaters, and occupants pay their own electric, heat, and cooking gas expenses. The property is designated R5/C3 and was built in 1931. Its Richmond Hill setting provides access to major highways, bus service, train transportation, and nearby schools.
Residential units have separate boilers and water heaters, and occupants pay their own electric, heat, and cooking gas expenses. The property is designated R5/C3 and was built in 1931. Its Richmond Hill setting provides access to major highways, bus service, train transportation, and nearby schools.
Key Highlights
- First‑floor restaurant and bar space measures approximately 50 feet by 50 feet
- Public assembly certificate of occupancy with capacity for 250 seated guests
- Six residential apartments are fully rented
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building combining a restaurant and bar operation with six occupied residential apartments.
Where is this mixed-use property located?
The property is located at 117-11/13 Hillside Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $4,690,000.
What are key features of this property?
This property features: First‑floor restaurant and bar space measures approximately 50 feet by 50 feet; Public assembly certificate of occupancy with capacity for 250 seated guests; Six residential apartments are fully rented
