$12,500,000
Updated 7 years ago
Off Market

178-02 Hillside Ave

Jamaica, Queens | 178th Street & 179th Street

35,396 Square FeetRental Property

$12,500,000
floors / apts8 / 131
Lot Size100'x189'
ZoneR7A
Building TypeLow-Rise
RE Taxes$70,324
Price Per SF
$353

Building Amenities

  • Part-Time Doorman
  • Bike Storage
  • Courtyard
  • Elevator
  • Fitness Facility
  • Laundry Room
  • Outdoor Parking
  • Resident Lounge
  • Roof Deck
  • Storage

Property Description for 178-02 Hillside Ave

The subject property is a 35,396 square foot parking lot comprising the entire blockfront located on the south side of Hillside Avenue between 178th and 179th Streets in Jamaica, Queens. Major commercial tenants in the immediate area include McDonald’s, Burger King, White Castle, KFC, Dunkin Donuts, IHOP, Subway, Bank of America, Chase, Citibank, T-Mobile, Boost, Sprint, Radio Shack, CVS and Walgreens, among many others and as a result, several national retailers have already expressed significant interest in the site. The entrance to the F subway station is located at the property which serves as a major commuter hub for Queens to Manhattan. Additionally, there are over a dozen bus stops located within a block of the property. Given its large footprint, substantial frontage on Hillside Avenue and its proximity to neighborhood amenities and transportation, the site offers an excellent opportunity for a minimum of approximately 142,000 buildable square feet of mixed-use development. This offering marks the first time in over a decade that a site with such potential has been available for sale within the neighborhood.

Listing History for 178-02 Hillside Ave

Now
11/19/2015
POM by Robert Knakal
Cushman & Wakefield
2015

Building Details for 178-02 Hillside Ave

OwnershipRental Property
Building TypeLow-Rise
Service LevelPart-Time Doorman
AgePost-War
AccessElevator
Year Built2019
Floors/Apts8/131
Learn More About the Building

Transit and Citi Bike

Subway

Jamaica-179 St
0.08 miles
169 St
0.46 miles

Contact Agents

Contact Agents

Robert Knakal
Cushman & Wakefield
Jonathan Hageman
Cushman & Wakefield
Brian Sarath
Cushman & Wakefield

Jamaica | Queens

Quick Profile

Jamaica Queens is buzzing. Although it doesn’t have the same level of excitement or sensory overload that Times Square imparts on its visitors, it’s a bustling city center just brimming with activity. The courts, government offices, hospitals, colleges, ethnic restaurants of every kind, big box retailers and mom-and-pop shops – the neighborhood has a lot going on at any given moment.

 Jamaica, a diversely populated middle-class neighborhood located in southeastern Queens has a huge commercial and retail district with a residential component too. Its boundaries are Hillside Avenue to the northwest, Van Wyck Expressway to the south, Linden Boulevard to the southeast, and 188th Street and Jamaica Boulevard to the northeast.

 Jamaica has a similar history to other areas of Queens and Manhattan. Indigenous tribes called it home until the Dutch arrived in the mid-1600s. They purchased the land for a very small amount (history says two rifles, a fur coat, and some gun powder). Dutch Governor Peter Stuyvesant named it Rustdorp, which translates to rest town. English colonists took over the lands from the Dutch around 1655 and changed the name to Jamaica.

 In the late 1770s, Jamaica became a popular trading post and it was eventually incorporated into a village in 1814. In 1834, B and J Railway Company built a train line connecting Brooklyn to Jamaica. It didn’t last long because B and J Railway ran out of money to keep the trains operational. New investors stepped in and saved the company. They renamed the organization the Long Island Rail Road Company.

 In 1898, Queens became part of New York City and served as the county seat for Manhattan.

 Today’s Jamaica has a thriving business district that represents the diversity of Queens. West Indian grocery stores, African American bath and beauty supplies, South American eateries, Indian owned electronic stores, Italian grocers, South East Asian markets line the streets selling their goods and services.

 There are even green spaces in this densely populated urban neighborhood. Rufus King Park, Marconi Park, Jamaica Playground, Saint Albans Park and Baisley Pond Park are just a few of the more notable ones.  

 Jamaica is accessible with plenty of transportation options. Jump on the Long Island Railroad and be in Manhattan in 35 minutes, or head the other direction to Montauk or the Hamptons. The Air Train takes you to John F. Kennedy International Airport. Subway and bus lines will whisk you to Manhattan, Brooklyn, or further into Queens.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 50157TH