206-04-206-24 Hillside Ave
Queens Village, NY 11427
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
13,750 SF
Building Class
C
Year Built
1931
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.53 AC
Zoning
C1-2 / R4 - Mixed-Use
Parking
17 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
205’ on HIllside Ave
ABOUT 206-04-206-24 HILLSIDE AVE , QUEENS VILLAGE, NY 11427
This is a minimal management single-story retail property in Queens with a stable incoming cash flow and minimal management. In addition, the largest tenant in the property (Indian Restaurant & Banquet Hall) has only three years remaining on a well-below market rent. Additionally, all leases have either termination clauses or demo clauses allowing a redevelopment of the property.
PROPERTY TAXES
| Parcel Number | 10581-0001 | Improvements Assessment | $970,202 |
| Land Assessment | $774,000 | Total Assessment | $1,744,202 |
