218-40 HILLSIDE AVENUE

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.

1. listedMay 18, 2026

   $1.20M+165.5%
   Listed by E Realty International Corp
2. closingJun 10, 2016

   $451K
   Closing record