Mixed-Use Property with
180-18 HILLSIDE Avenue, Queens, NY 11432
For Sale
$2,600,000
R7-zoned Queens property includes two residential units and an operating food-and-beverage business.
Property Size1,656 SF
Price / SF$1,570
Days on Market328
Property Features for 180-18 HILLSIDE Avenue
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Business Included
Road Access
Liquor License
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
varun sharma · License #10401385007
(917) 873-3085
Source:
Irynaferenets
Added: Dec 16, 2025
Changed: Nov 7
Last Checked: Nov 7 at 5:00PM
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 Corcoran Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,656-square-foot mixed-use property, built in 1992, combines residential space with a restaurant and bar business offered with the real estate. The food-and-beverage operation has been under current ownership for approximately 35 years. Two residential units are part of the property, and the R7 zoning is identified in the offering. The basement contains a built-out bar area that is not currently operating. Liquor service is approved on multiple levels, subject to license transfer.
The property is located on Hillside Avenue in Jamaica, Queens. The restaurant and bar business is included in the sale; business operations and licensing remain subject to purchaser review and applicable approvals.
The property is located on Hillside Avenue in Jamaica, Queens. The restaurant and bar business is included in the sale; business operations and licensing remain subject to purchaser review and applicable approvals.
Key Highlights
- 1,656‑square‑foot mixed‑use property built in 1992
- R7 zoning
- Two residential units alongside a restaurant and bar business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,644
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,880
$1.5M
Cap Rate 7%
$1,094,914
$1.1M
Cap Rate 9%
$851,600
$851.6K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$109.3K $66.00/SF
− Vacancy
−$7.1K −$4.29/SF
EGI
$102.2K $61.71/SF
− OpEx
−$25.5K −$15.43/SF
NOI
$76.6K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,880
Cap Rate 7%
$1,094,914
Cap Rate 9%
$851,600
Alternative Uses
Best Use
Specialty Retail
$1.09M
$958.1K – $1.28M
NOI $76,644 @ 7.0% cap · market cap 2.95%
Second Best
Mixed Use
$304.5K
$266.4K – $355.2K
NOI $21,313 @ 7.0% cap · market cap 0.82%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,458 @ 7.0% cap · market cap 3.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
4,161
Businesses Nearby
Explore this area
Business Placement
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
Market
Properties on Market for Mixed-use properties in Queens
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - R7-zoned Queens property includes two residential units and an operating food-and-beverage business.
Where is this mixed-use property located?
The property is located at 180-18 HILLSIDE Avenue Queens, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 1,656‑square‑foot mixed‑use property built in 1992; R7 zoning; Two residential units alongside a restaurant and bar business
