18018 Hillside Avenue
Jamaica, NY, 11432 $ 2,850,000
Bedrooms-- Baths-- Sq 4,574 Monthly Estimate*
$ 17,548
for $2,850,000. This 4,574 square foot building was built in 1992 on a lot size of 0.045.
This offering presents an opportunity to acquire a mixed-use property together with an established restaurant and bar business from long-term ownership. The property is located along the Hillside Avenue corridor in Jamaica, Queens, an area known for consistent foot and vehicular traffic. The offering combines income-producing real estate with an operating food and beverage business. BUSINESS OVERVIEW (Included in Sale) Restaurant and bar business in operation for approximately 35 years under current ownership Liquor service approved on multiple levels (subject to license transfer) Built-out basement bar space, currently not in operation Seller-provided business valuation estimated at $340,000, included in the overall purchase price Business operations, licenses, and financials subject to verification by purchaser CURRENT INCOME SUMMARY (As Provided by Ownership) Commercial : $7,000/month (potential) Owned by landlord Residential Units (2): $3,300/month total (reported below prevailing market levels) $2000 per apt is market Basement Bar: $3000 But Currently not producing income Reported Total Current Income: $12,550/month ($150,600 annually) Income figures are not guaranteed and should be independently verified. POTENTIAL CONSIDERATIONS Residential rents may be adjusted upon vacancy in accordance with applicable laws Basement bar space may be utilized, subject to reopening, licensing, and operational approvals Business expansion opportunities may include third-party delivery platforms, catering, or private events Branding, menu, and operational changes may be explored at purchaser's discretion COMPARABLE SALES (Hillside Avenue - Approximate) 153-36 Hillside Ave - $1.47M Approx. 2,178 SF 182-34 Hillside Ave - $1.645M Approx. 2,475 SF 182-34/36 Hillside Ave (Package) - $3.534M Approx. 4,573 SF Comparable data provided for reference only; not a representation of value. VALUATION CONTEXT (Illustrative Only) Price-per-square-foot ranges on Hillside Avenue have varied based on asset condition, income profile, and market conditions. Any valuation estimates are for discussion purposes only and are not guarantees of market value. CLOSING REMARKS 180-18 Hillside Avenue offers a mixed-use asset with existing income and an operating restaurant business, providing multiple components for a purchaser to evaluate. The property may appeal to investors or owner-operators seeking a combination of residential, commercial, and business use, subject to customary due diligence, approvals, and verification. Please Note this is R7 Zoning
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Electric
Utilities Cable Available Electricity Connected Natural Gas Connected Water Connected
Zoning R7
Construction Materials Stucco
Year Built 1992
Property Subtype Mixed Use
Tax Year 2024
Parcel Number 09916-0035
Gross Income 150600
Business Type Restaurant
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 4
Property Attached Y/N Y
Tax Annual Amount 27225.68
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 271350
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InteriorBasement Finished
Basement Features Finished
Basement (Y/N) Y
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ExteriorWater Source Public
Building Area Total 4574
Waterfront Y/N N
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* Excluded FeaturesList ByMatthew P. HoltListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $17,548
- Monthly Property Taxes
- $2,269
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Jamaica, NY
Average List Price $2,181,314
Percent of Sale Price 23%
About Jamaica, NY 231,051 Population
0% Since 2002
$ 0 Median Income
0 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/14/2025 | $2,850,000 | | Listed Price |