181-18 Hillside Avenue #BLD, Queens, NY 11423
$2,850,000
2
Beds
8
Baths
-
Sq Ft
Multi-Family
Active
Listed by
Varun Sharma
Mohan Lal
Corcoran Group
Last updated:
December 15, 2025, 09:56 PM
MLS#
RLS20063667
Source:
NY REBNY
About This Home
- 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
- 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
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
- 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
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
Home Facts
Multi-Family
8 Baths
2 Bedrooms
Built in 1923
Price Summary
2,850,000
MLS #:
RLS20063667
Last Updated:
December 15, 2025, 09:56 PM
Added:
1 day(s) ago
Rooms & Interior
Bedrooms
Total Bedrooms:
2
Bathrooms
Total Bathrooms:
8
Full Bathrooms:
5
Structure
Structure
Year Built:
1923
Finances & Disclosures
Price:
$2,850,000
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