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    Property profile & analytics
    OFF-MARKET Estimated value $785,000
    Office buildings

    16405 Hillside Ave, Jamaica, NY 11432-4140

    2,520 SF 0.05 ac lot Built 1910
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US63-0758632
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 16405 Hillside Avenue in Jamaica, New York, presents a unique investment opportunity. Boasting a substantial 5,240 square feet of space, this property sits on a conveniently sized 0.05-acre lot. The building's versatile "Other" property type allows for a wide range of potential uses, making it an attractive prospect for discerning investors seeking a flexible and adaptable space. The asking price is $3,900,000. This prime Jamaica location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a thriving community. All potential buyers are strongly encouraged to conduct their own independent verification of all property details before submitting any offer. This includes, but is not limited to, confirming the square footage, lot size, zoning regulations, and any other relevant information pertinent to their intended use of the property. The property's size and location offer significant potential for a variety of commercial ventures. Serious inquiries only. The information provided is believed to be accurate but is not guaranteed and should be independently verified.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1910
    Total area 2,520 SF
    Lot 0.05 ac (2,000 SF)
    Zoning code R7A
    APN 09836-0013
    UPID US63-0758632
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ankit Mehta, MD Ophthalmologist
    • Soltanpour David MD Ophthalmologist
    • Wachtel Ruby M Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $785k
    Owner & transaction history
    164-05 Hillside Realty Corp · 9 yrs held
    164-05 Hillside Realty Corp
    since 2017
    4 recorded transactions
    2017
    1969
    1969
    1969
    Zoning & alternative use
    R7A · Jamaica, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $1.1M +20.5%
    Commercial (general) $955,000 +2.4%
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