|
Presented by
Lauren Rosen |
180-18 HILLSIDE Avenue, Queens (Hollis), NY, 11432 | $2,750,000
Please Note this is R7 Zoning
Package Deal Property + Business for sale
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
- 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
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
- 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
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.
Features
- Town: Queens
- Cooling: Central Air
- Levels: 2
- Rooms: 5
- Bedrooms: 2
- Baths: 2 full / 2 half
- Lot Size: 103.89x18.87
- Laundry: In Unit
- Year Built: 1992
- Est. Taxes: $27,300
- View: Other
- Pet Policy: Building Yes,No
- MLS#: RLS20069851
- Days on Market: 79 days
- Website: https://www.raveis.com
/prop/RLS20069851/18018hillsideavenue_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Lauren RosenSales Associate
413.645.2011
Lauren.Rosen@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Jennifer CarretoVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 829975
860.990.4029
Jennifer.Carreto@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
180-18 HILLSIDE Avenue, Queens (Hollis), NY, 11432
$2,750,000
Lauren Rosen
Sales Associate
William Raveis Real Estate
Phone: 413.645.2011
Lauren.Rosen@Raveis.com
Jennifer Carreto
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.990.4029
Jennifer.Carreto@raveis.com
NMLS Mortgage Loan Originator ID 829975
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,200,000 | $2,200,000 | $2,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $2,275 | $2,275 | $2,275 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,810 | $12,839 | $17,976 |
| Total Monthly Payment | $14,210 | $15,239 | $20,376 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535