718-663-2639
18401 Hillside Ave, Jamaica, NY for Sale
Bank - FOR SALE
1/5
null | Request Cap Rate

18401 Hillside Ave
Jamaica, NY 11432


HIGHLIGHTS

  • Absolute NNN Lease - Tenant covers taxes, insurance, and all repairs and maintenance of the property including roof & structural repairs.
  • The property benefits from 50’+ of frontage along Hillside Avenue. The property is positioned at a traffic light corner of Hillside Ave and Dalny Road
  • Strong Local Demographic: 200k Visits Per Year, Ranked Top 125/361 branches in New York, Top 20% location nationwide

OVERVIEW

184-01 Northern Boulevard is an absolute NNN-leased Chase Bank at the corner of Hillside Avenue and Dalny Road in Jamaica Estates, Queens. Chase has a lease in place through April 2025 with rent increases every five years. This Chase Branch presents strong metrics with 200,00 visits per year, ranked 125/361 branches in New York, and within the top 20% ranking nationwide. The property features long-term redevelopment potential in R7A zoning. It currently allows for ~94,000 buildable SF. With the City of Yes proposal, the site would allow 102,000 buildable SF (via Universal Affordability Preference). Please contact exclusive brokers for more information or to arrange for property inspection.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN-Leased Chase Bank with Drive-Through

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,399 SF

ZONING

R3-2

APN/PARCEL ID

09954-0001

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.