184-01 Hillside Ave Queens, NY 11432
- Retail properties
- 3,525 SF
Current Use by Public Records
- Retail properties
Property Details for 184-01 Hillside Ave
- Year built
- 1971
- Property size
- 3,525 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
Exceptional investment opportunity: a 3,525 square foot, single-tenant, absolute NNN-leased Chase Bank located at 184-01 Hillside Avenue in Jamaica Estates, Queens, NY 11432. This stabilized investment boasts a credit-rated tenant with a lease expiring April 1, 2035, providing a substantial remaining lease term of 10.4 years. The property features a drive-through and benefits from over 50 feet of frontage on Hillside Avenue, situated at a key traffic light intersection with Dalny Road. Built in 1971, this one-story building sits on a 20,400 square foot lot with R7A, C2-4, and DJ zoning. The current zoning allows for approximately 94,000 buildable square feet, with potential for expansion to 102,000 square feet under the City of Yes proposal (via Universal Affordability Preference). The absolute NNN lease structure ensures the tenant covers all property taxes, insurance, and maintenance, including roof and structural repairs, minimizing owner responsibilities and maximizing passive income. This presents a compelling long-term land play with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.778
- Latitude
- 40.7141
