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Hillside Avenue Ave
Jamaica, Queens, NY
$11,500,000 Price
- Bedrooms   - Baths
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Photo 1 of Hillside Avenue Ave, Jamaica, Queens, NY, $11,500,000, Web #: 819285Previous PhotoNext Photo1 of 28

Calling All Investors, Developers & End-Users!!! 16 Unit 18,138 Sqft. Corner Office Building With Private Garage For Sale!!! The Building Features Excellent Signage, Great Exposure, 4 Stories, 3,157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, Secure Private Offices, 4 Stories, R6/C2-3 Zoning, Sprinklers, All New LED Lighting, Elevator,...

Calling All Investors, Developers & End-Users!!! 16 Unit 18,138 Sqft. Corner Office Building With Private Garage For Sale!!! The Building Features Excellent Signage, Great Exposure, 4 Stories, 3,157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, Secure Private Offices, 4 Stories, R6/C2-3 Zoning, Sprinklers, All New LED Lighting, Elevator, 3,200 Sqft. Mezzanine, 3 Phase 1200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Kew Gardens On Busy Hillside Avenue & Van Wyck Expressway!!! Neighbors Include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin’, McDonald’s, Taco Bell, Mobil, Pep Boys, Wendy’s, Advance Auto Parts, Burger King, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Floor (Chychillas Inc): $45,600 Ann.; Lease Exp.: 10/14/28. Unit 201 (Brooklyn Radiation Oncology): $78,000 Ann.; Lease Exp.: 3/30/37 Unit 202 (Brooklyn Radiation Oncology): $140,280 Ann.; Lease Exp.: 10/10/28. Unit 301 (Best Medical Care): $107,163.72 Ann.; Lease Exp.: 8/31/26. Unit 304 (Brooklyn Radiation Oncology): $24,000 Ann.; Lease Exp.: 12/31/28. Unit 305 (Big Heart Home Care): #33,580.08 Ann.; Lease Exp.: 2/28/25. Unit 306 (Voltamp Electrical Contractors Inc): $30,000 Ann.; Lease Exp.: 7/2/25. LL #1 (Cristian Genao Photos & Films): $45,600 Ann.; Lease Exp.: 9/30/26. LL #2 P(Get Ready Kids): $36,000 Ann.; Lease Exp.: 9/30/25. M-1 (The Excel Academy): $28,800 Ann.; Membership Since 9/1/23. M-2: $18,000 Ann.; Membership Available. M-3: $16,800 Ann.; Membership Since 10/18/24. M-4: $13,200 Ann.; Membership Since 11/1/24. M-5: $19,200 Ann.; Membership Available. M-6: $19,200 Ann.; Membership Available. M-7: $19,200 Ann.; Membership Available. M-8: $19,200 Ann.; Membership Available. M-9 (Voltamp Electrical Contractors Inc): $20,400 Ann. M-M. M-10: $16,800 Ann.; Membership Since 6/22/24. M-11: $16,800 Ann.; Membership Available. M-12: $7,200 Ann.; Membership Available. M-13 (Christina Brown): $15,000 Ann.; M-M. M-14: $15,600 Ann.; Membership Available. M-15: $15,600 Ann.; Membership Available. M-16 (Entrateca Robinson): $15,600 Ann.; Membership Since 10/27/23. Best Car Medical (2 Parking Spaces): $6,000 Ann. Lease Exp.: 1/1/60. Parking Spaces 3-8: $18,000 Ann. (Available) Dish Wireless (Rooftop): $45,000 Ann. Lease Exp.: 12/14/24. Pro Forma Rental Income: $883,663.80 Ann. Late Fees: $2,251.01 Ann. Miscellaneous: $527.35 Ann. Tenant Utility Rebate: $480 Ann. Pro Forma Gross Income: $886,922.19 Ann. Expenses: Electric: $38,356 Ann. (Landlord Pays Electric For 3rd Floor, Basement & Mezzanine Tenants Only) Maintenance & Repairs: $4,515.50 Ann. Garbage Pickup: $2,765.65 Ann. Insurance: $7,826.87 Ann. Internet: $3,844.52 Ann. Water & Sewer: $1,200 Ann. Taxes: $27,699.08 Ann. Total Expenses: $86,207.62 Ann. Pro Forma Gross Income: $886,922.19 Ann. Pro Forma Net Operating Income (NOI): $800,714.57 Ann. (6.96 Cap!!!)

Listing courtesy of All Island Estates Realty Corp

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Jamaica, Queens, NY
Type: Commercial
Price: $11,500,000
Web ID: 819285

Info & Amenities

Type: Commercial

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