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$2,850,000
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Property Description
This offering presents an opportunity to acquire a mixed-use property together with an established restaurant and bar business from long-term ownership. 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 CURRENT INCOME SUMMARY (As Provided by Ownership) 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 Reported Total Current Income: $12,550/month ($150,600 annually) 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 COMPARABLE SALES (Hillside Avenue - Approximate) 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 Comparable data provided for reference only; not a representation of value. 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. Please Note this is R7 Zoning
Full Property Details
Full Property Details for 180-18 Hillside Ave.
General
- Price: $2,850,000
- Taxes: $27,225
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 943738
- Updated: 1/6/2026
- Added to Site: 37 day(s) ago
Business
- Business Type: Restaurant
Location
- County: Queens
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Stucco
- Basement: Yes
- Basement Desc.: Finished
- Building Size: 4574
- Square Feet: 4,574
- Year Built: 1992
Lot Features
- Lot Size (Acres): 0.045
- Lot Size (Sq. Ft.): 4,574
- Zoning: R7
Financial Considerations
- Tax Amount: $27,225.68
Disclosures and Reports
- Special Conditions: None
- Property ID: 09916-0035
Listed by Corcoran
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Schools
Schools serving 180-18 Hillside Ave.
School District:New York City Geographic School District 29
| Name | Grades | Distance |
|---|---|---|
Ps 95 Eastwood 179-01 90th Ave, Queens, NY 11432 | K-5 | 0.1 mi |
Is 238 Susan B Anthony 88-15 182nd St, Queens, NY 11423 | 6-8 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 180-18 Hillside Ave.
Date
Details
Price
Change
Source
12/13/2025
Listed
$2,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 180-18 Hillside Ave.
Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,082
-1%
$251,640
-6%
2024
$27,226
2%
$268,200
7%
2023
$26,565
3%
$250,800
3%
2022
$25,822
13%
$242,550
14%
2021
$22,762
-17%
$212,850
-29%
2020
$27,366
3%
$298,350
5%
2019
$26,563
19%
$283,950
6%
2017
$22,349
—
$268,200
3%
2017
$22,349
9%
$261,000
12%
2016
$20,440
1%
$234,000
10%
2015
$20,282
12%
$213,300
17%
2014
$18,045
25%
$182,700
6%
2013
$14,493
—
$171,833
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 180-18 Hillside Ave.
18018 Hillside Avenue, Jamaica, NY 11432 (MLS# 943738) is a Commercial property. 18018 Hillside Avenue is currently listed for $2,850,000 and was received on December 13, 2025. Want to learn more about 18018 Hillside Avenue? Do you have questions about finding other Commercial real estate for sale in Jamaica? You can browse all Jamaica real estate or contact a Coldwell Banker agent to request more information.

