184-01 Hillside AveQueens, NY 11432

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NNN-Leased Chase Bank, Long-Term

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity: a 3,525 square foot, single-tenant, absolute NNN-leased Chase Bank located at 184-01 Hillside Avenue in Jamaica Estates, Queens, NY 11432. This stabilized investment boasts a credit-rated tenant with a lease expiring April 1, 2035, providing a substantial remaining lease term of 10.4 years. The property features a drive-through and benefits from over 50 feet of frontage on Hillside Avenue, situated at a key traffic light intersection with Dalny Road. Built in 1971, this one-story building sits on a 20,400 square foot lot with R7A, C2-4, and DJ zoning. The current zoning allows for approximately 94,000 buildable square feet, with potential for expansion to 102,000 square feet under the City of Yes proposal (via Universal Affordability Preference). The absolute NNN lease structure ensures the tenant covers all property taxes, insurance, and maintenance, including roof and structural repairs, minimizing owner responsibilities and maximizing passive income. This presents a compelling long-term land play with significant upside potential.

Highlights

  • Absolute NNN lease; tenant pays all taxes, insurance, and maintenance, including roof and structural repairs.
  • 50+ feet of frontage on Hillside Avenue.
  • Prime corner location at Hillside Avenue and Dalny Road traffic light intersection.
  • 20,000 SF lot with R7A zoning, allowing for ~94,000 buildable square feet (BSF), potentially expandable to 102,000 BSF under the City of Yes proposal.

Property Details for 184-01 Hillside Ave

Property type
Retail properties, Banks
Square Feet
3,525 SF
Year Built
1971
Buildings
1
Stories
1
Units
1

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.714109668721
Longitude
-73.778014988299
184-01 Hillside Ave, Queens, New York

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FAQs

What type of property is this?
Retail property - NNN-Leased Chase Bank, Long-Term
Where is the retail property located?
The property is located at 184-01 Hillside Ave Queens, NY.
What are key features of this property?
This property features: Absolute NNN lease; tenant pays all taxes, insurance, and maintenance, including roof and structural repairs.; 50+ feet of frontage on Hillside Avenue.; Prime corner location at Hillside Avenue and Dalny Road traffic light intersection.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Kevin Schmitz
Kevin Schmitz
Andrew LeoGrande
Andrew LeoGrande
Stephen R. Preuss
Stephen R. Preuss
Visit Broker Website

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Hillside Ave
Queens, NY 11432

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Hillside Ave
Queens, NY 11432

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Disclaimer

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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184-01 Hillside Ave
  • Kevin Schmitz
    Kevin Schmitz
  • Andrew LeoGrande
    Andrew LeoGrande
  • Stephen R. Preuss
    Stephen R. Preuss
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