218-40 Hillside Ave - Storefront Retail/Residential FOR SALE


Queens Village, NY 11427
$1,198,000 USD
917-577-7400
218-40 Hillside Ave, Queens Village, NY for Sale
$1,198,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

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218-40 Hillside Ave
Queens Village, NY 11427


OVERVIEW

Prime mixed-use opportunity on bustling Hillside Ave! This versatile property features a ground-floor storefront with a fully equipped, income-generating restaurant and long-term lease in place, plus a second-floor legal two-family residence currently configured and used as a spacious single-family home. Below-market commercial rent offers immediate upside potential, while exceptionally low property taxes significantly enhance overall returns. Positioned along a high-traffic corridor with excellent visibility, the property enjoys convenient access to major transit lines (Q1, Q43, QM68, N22, N26), providing seamless connectivity to Queens, Long Island, and Manhattan. Ideal for investors seeking stable income with long-term growth, or end-users looking for flexibility—live upstairs while benefiting from strong commercial cash flow, or reconfigure the residence to maximize rental income.

FOR SALE DETAILS

PRICE

$1,198,000 USD

PRICE/SF

$784 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,240 SF

ZONING

R2

APN/PARCEL ID

10678-0019

ASK ABOUT THIS PROPERTY

Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.