Mixed-Use Development
18714 HILLSIDE AVE Jamaica, NY 11432
18714 HILLSIDE AVE, Jamaica, NY, 11432
$2,600,000
For Sale
$2,600,000
Vacant development site in Jamaica, NY zoned C4-4D/equivalent to R8A, with an existing two-family and store/office.
Property Size2,920 SF
Price / SF$890.41
Days on Market329
Property Features for 18714 HILLSIDE AVE
General Information
- Standard status
- Active
- Size
- 2,920 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
Century 21 Milestone Team Rlty
(718) 291-7000
Listed by
Anand Mahadeo
Source
Xome
Added: Aug 29, 2025 Updated: Jul 22 at 10:51PM Checked: Jul 22 at 10:51PM
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 Century 21 Milestone Team Rlty
Investment Insights
Based on property information with market context.
This for-sale mixed-use development site is currently improved with a certificate-of-occupancy layout that includes a two-family residence and one store/office. The property is being sold as-is and is currently vacant.
The site is located at 18714 Hillside Ave in Jamaica, NY 11432. Zoning is listed as C4-4D/equivalent to R8A, supporting redevelopment opportunities based on the existing entitlement framework.
Buyers should plan for diligence around the as-is condition and existing improvements, as no additional repairs, updates, or uses beyond what is reflected in the current certificate of occupancy are stated in the offering.
The site is located at 18714 Hillside Ave in Jamaica, NY 11432. Zoning is listed as C4-4D/equivalent to R8A, supporting redevelopment opportunities based on the existing entitlement framework.
Buyers should plan for diligence around the as-is condition and existing improvements, as no additional repairs, updates, or uses beyond what is reflected in the current certificate of occupancy are stated in the offering.
Key Highlights
- Vacant development site in Jamaica, NY with an existing two‑family and store/office
- Zoned C4‑4D/equivalent to R8A
- Zoning indicates current C of O for a 2‑family with 1 store/office
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.2k | $50.40 |
| − Vacancy | −$19.0k | −$6.50 |
| EGI | $128.2k | $43.90 |
| − OpEx | −$32.0k | −$10.97 |
| NOI | $96.1k | $32.92 |
2,920 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,137 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$1.02M
$892.2K – $1.19M
NOI $71,378 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,686 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Vacant development site in Jamaica, NY zoned C4-4D/equivalent to R8A, with an existing two-family and store/office.
Where is this mixed-use property located?
The property is located at 18714 HILLSIDE AVE Jamaica, 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: Vacant development site in Jamaica, NY with an existing two‑family and store/office; Zoned C4‑4D/equivalent to R8A; Zoning indicates current C of O for a 2‑family with 1 store/office
