184-01 Hillside AveQueens, NY 11432

For Sale
Call for price

NNN-Leased Chase Bank, Long-Term

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a 3,525 square foot, single-tenant, absolute NNN-leased Chase Bank located at 184-01 Hillside Avenue in Jamaica Estates, Queens, NY 11432. This stabilized investment boasts a credit-rated tenant with a lease expiring April 1, 2035, providing a substantial remaining lease term of 10.4 years. The property features a drive-through and benefits from over 50 feet of frontage on Hillside Avenue, situated at a key traffic light intersection with Dalny Road. Built in 1971, this one-story building sits on a 20,400 square foot lot with R7A, C2-4, and DJ zoning. The current zoning allows for approximately 94,000 buildable square feet, with potential for expansion to 102,000 square feet under the City of Yes proposal (via Universal Affordability Preference). The absolute NNN lease structure ensures the tenant covers all property taxes, insurance, and maintenance, including roof and structural repairs, minimizing owner responsibilities and maximizing passive income. This presents a compelling long-term land play with significant upside potential.

Highlights

  • Absolute NNN lease; tenant pays all taxes, insurance, and maintenance, including roof and structural repairs.
  • 50+ feet of frontage on Hillside Avenue.
  • Prime corner location at Hillside Avenue and Dalny Road traffic light intersection.
  • 20,000 SF lot with R7A zoning, allowing for ~94,000 buildable square feet (BSF), potentially expandable to 102,000 BSF under the City of Yes proposal.

Property Details for 184-01 Hillside Ave

Property type
Other retail properties, Individual retail properties
Square Feet
3,525 SF
Year Built
1971
Buildings
1
Stories
1
Units
1

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.714109668721
Longitude
-73.778014988299
184-01 Hillside Ave, Queens, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
184-01 Hillside Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message