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Eight-Story Mixed-Use Property
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178-02 Hillside Avenue, Jamaica Estates, NY 11432

Completed in 2019, the property combines luxury residences with retail, medical office, parking, and extensive resident amenities.

Property Size180,249 SF
Days on Market7

Property Features for 178-02 Hillside Avenue

General Information

Standard status Active
Size 180,249 SF
Elevators Yes
Property subtype Multifamily, Retail, Office

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 131

Amenities

part-time doorman
fitness center
landscaped courtyard with grilling stations
resident lounge with co-working space
pet play area
smart package lockers
on-site laundry
subscription storage
bike storage
indoor parking

Building Details

Year Built 2019
Buildings 1
Stories 8
Building Size 180,249 SF
Tenancy Multi
Listing Agency: Meridian Capital Group
Listed By: David Schechtman · License #10301211874
Source: Crexi
Added: Sep 5 Changed: Sep 9 Last Checked: Sep 11 at 7:09AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

Completed in 2019, this eight-story mixed-use property contains 180,249 GSF across residential, retail, medical office, and parking components. The residential program includes 131 units on floors three through eight, with condominium-quality finishes, oversized windows, open layouts, and private terraces in 34% of units. Amenities include a part-time doorman, fitness center, landscaped courtyard with grilling stations, resident lounge and co-working area, pet play space, package lockers, laundry, storage, bike storage, and indoor parking with 99 spaces.

The ground-floor retail component comprises 13,522 square feet leased to CVS Pharmacy, which also has use of a 47-space grade-level parking area and private elevator access to lower-level storage. A separately accessed medical pavilion at 88-08 179th Street contains 21,555 square feet, including suites occupied by Lenox Hill Radiology and Lucid Dermatology, CVS storage, and approximately 7,512 square feet of available medical office space. The property is directly above the 178th/179th Street F subway station, with E train express service, multiple bus routes on Hillside Avenue, and separate residential and medical entrances.

Key Highlights

  • 131 residential units across floors three through eight
  • 180,249 GSF mixed‑use building completed in 2019
  • 13,522‑square‑foot CVS Pharmacy retail lease

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Gym & Fitness Center Parking Lot & Garage Clothing & Fashion Store Nursing Home Cafe & Coffee Shop Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

131
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,923
Businesses Nearby

Demographics for 11432, NY

65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Completed in 2019, the property combines luxury residences with retail, medical office, parking, and extensive resident amenities.
Where is this mixed-use property located?
The property is located at 178-02 Hillside Avenue Jamaica Estates, NY.
What are key features of this property?
This property features: 131 residential units across floors three through eight; 180,249 GSF mixed‑use building completed in 2019; 13,522‑square‑foot CVS Pharmacy retail lease
(212) 468-5907 Call to check price and availability
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