Listed by Ariel Property Advisors
$2,900,000
146-17 Hillside Ave
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 20,834
Units 24
Cap Rate 7.36%
NOI $213,570
Price per SqFt $139
Stories 4
Lot Size (SqFt) 6,000
Zoning R7A/C2-4
Multifamily | 24 Units | $120,833/unit
Marketing description
24-Unit Mixed-Use Building in Prime Jamaica Rezoning District
The property offers an extremely
high level of accessibility where
most daily errands can be
accomplished on foot. It features
superior public transportation
with the F subway line available
at the Sutphin Boulevard station
just steps away and is within
walking distance of the E, J, and Z
subway lines, the Long Island Rail
Road (LIRR) at Jamaica Station,
and the AirTrain JFK.
Investment highlights
- Rare opportunity to acquire a 24-unit mixed-use walk-up in the heart of Jamaica, Queens
- Located within the Jamaica Rezoning District
- Strong in-place cash flow with minimal collections loss and attractive cash-on-cash return
- Residential unit mix is weighted toward one-bedrooms, supporting consistent tenant demand and quick occupancy upon vacancies, plus a commercial unit contributing to income diversification
- Excellent access to transportation with nearby E, F, J, Z subways, Jamaica LIRR Station, and AirTrain to JFK
- Neighborhood experiencing significant new residential and mixed-use development growth
- Positioned on Hillside Avenue, a key Queens retail corridor undergoing active development, improved streetscape upgrades, and growing neighborhood demand
- Situated on a high-visibility retail corridor with strong tenant demand and long-term leasing stability
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$213,570.00
$17,797.50/mo
Valuation Metrics
0
DSCR
7.36%
Cap Rate
7.36%
ROI
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