146-17 Hillside Ave
Jamaica, NY 11435
Immeuble residentiel Propriété À vendre · 24 Unités

Positioned in the heart of Jamaica, Queens, 146-17 Hillside Avenue presents a rare opportunity to acquire a 24-unit mixed-use walk-up within the dynamic Jamaica Rezoning District. This four-story building features 23 residential units and one commercial space, offering income diversification and long-term leasing stability. The residential unit mix is weighted toward one-bedroom apartments, supporting consistent tenant demand and rapid turnover upon vacancy.
The property benefits from strong in-place cash flow with minimal collection loss and an attractive cash-on-cash return. With a current Net Operating Income of $213,570 and a cap rate of 7.36%, investors can expect solid performance from day one. The building sits on a high-visibility retail corridor undergoing active development and streetscape upgrades, enhancing its long-term value.
Transportation access is exceptional, with the F subway line at Sutphin Boulevard just steps away, and nearby E, J, Z subway lines, Jamaica LIRR Station, and AirTrain JFK all within walking distance. The surrounding neighborhood is experiencing robust growth in residential and mixed-use development, further strengthening tenant demand and positioning the asset for continued appreciation.