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SINGLE_FAMILY - Jamaica, NY
EXECUTIVE SUMMARY: A rare chance to acquire a mixed-use building and a fully operating restaurant/bar business from owners retiring after 35 years. Located on the heavily trafficked Hillside Ave corridor, this opportunity combines real estate stability with business profitability and massive upside potential. BUSINESS OVERVIEW (Included in Bundle): - 35-year established restaurant & bar with loyal clientele - Liquor service approved for both floors - Fully built-out basement bar (turnkey, not operating) - Business valued at $340,000 - included in $2.7M bundle INCOME SUMMARY: Commercial Tenant Rent: $7,000/mo Residential Units (2): $3,300/mo (currently under market) Basement Bar Rental Potential: $2,250/mo Total Current Income: $12,550/mo ($150,600/yr) UPSIDE POTENTIAL: - Raise residential rents to market ($4,000/mo) - Reopen basement bar (adds $8,000-$12,000/mo revenue) - Expand delivery...
EXECUTIVE SUMMARY: A rare chance to acquire a mixed-use building and a fully operating restaurant/bar business from owners retiring after 35 years. Located on the heavily trafficked Hillside Ave corridor, this opportunity combines real estate stability with business profitability and massive upside potential. BUSINESS OVERVIEW (Included in Bundle): - 35-year established restaurant & bar with loyal clientele - Liquor service approved for both floors - Fully built-out basement bar (turnkey, not operating) - Business valued at $340,000 - included in $2.7M bundle INCOME SUMMARY: Commercial Tenant Rent: $7,000/mo Residential Units (2): $3,300/mo (currently under market) Basement Bar Rental Potential: $2,250/mo Total Current Income: $12,550/mo ($150,600/yr) UPSIDE POTENTIAL: - Raise residential rents to market ($4,000/mo) - Reopen basement bar (adds $8,000-$12,000/mo revenue) - Expand delivery platforms (UberEats, DoorDash) - Introduce catering & event hosting - Modernize branding/menu for higher margins COMPARABLE SALES ON HILLSDALE AVENUE: 153-36 Hillside Ave - $1.47M | 2,178 sqft | $675/sqft 182-34 Hillside Ave - $1.645M | 2,475 sqft | $665/sqft 182-34/36 Package - $3.534M | ~4,573 sqft | ~$773/sqft VALUATION ANALYSIS (PPSF): 4,573 sqft * $665 = $3.04M 4,573 sqft * $700 = $3.20M 4,573 sqft * $750 = $3.43M ***True Market Value: $3.0M-$3.4M CLOSING STATEMENT: With stable rental income, a profitable long-standing business, seller financing, and major operational upside, 180-18 Hillside Ave is one of the strongest mixed-use investment opportunities in Jamaica. This is a perfect acquisition for an operator, investor, or family business seeking long-term cash flow and growth potential.
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