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Executive Summary

Prime mixed-use opportunity on bustling Hillside Ave! This versatile property features a ground-floor storefront with a fully equipped, income-generating restaurant and long-term lease in place, plus a second-floor legal two-family residence currently configured and used as a spacious single-family home. Below-market commercial rent offers immediate upside potential, while exceptionally low property taxes significantly enhance overall returns. Positioned along a high-traffic corridor with excellent visibility, the property enjoys convenient access to major transit lines (Q1, Q43, QM68, N22, N26), providing seamless connectivity to Queens, Long Island, and Manhattan. Ideal for investors seeking stable income with long-term growth, or end-users looking for flexibility—live upstairs while benefiting from strong commercial cash flow, or reconfigure the residence to maximize rental income.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,529 SF
Building Class
B
Year Built
1922
Price
$1,638,505 CAD
Price Per SF
$1,071.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.03 AC
Zoning
R2
Frontage
23’ on Hillside Ave
Moderately walkable
70/100
Moderately drivable
60/100
Exceptional public transit
100/100
Fairly bikeable
50/100

Nearby Major Retailers

PureGym
Key Food
Flagstar
Tex's Chicken & Burgers
Chase
Wells Fargo Home Mortgage
Citibank
Capital One
CTown
Td Bank

Property Taxes

Property Taxes

Parcel Number
10678-0019
Land Assessment
$11,145 CAD
Improvements Assessment
$39,604 CAD
Total Assessment
$50,750 CAD
  • Listing ID: 40284631

  • Date on Market: 2026-04-24

  • Last Updated:

  • Address: 218-40 Hillside Ave, Queens Village, NY 11427

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