136-21 Hillside Ave
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136-21 Hillside Ave
19,000 SF 88% Leased Office Building Richmond Hill, NY 11418 £8,211,813 (£432/SF) 6% Net Initial Yield
Investment Highlights
- Prime location on Hillside Ave and Van Wyck Expressway, offering undisputable convenience.
- Newly constructed office building housing customizable suites for large and small teams.
- Nearby tenants include Walgreens, Dunkin', Key Food Supermarkets, Planet Fitness, CVS, McDonald's, Wendy's, Exxon, Burger King, Starbucks, and more.
- Currently up to 3,700 SF of vacant space is available for an owner user.
- Roof-Top recreational area and balcony accessible via elevator with stunning views.
- Garage parking, private offices, state of the art conference rooms, and meeting spaces all professionally crafted.
Executive Summary
New Construction Building, built in 2020. This is a high exposure property, with 250,000 cars passing everyday. Office space is currently available for rent with many great tenants already occupying the building. This is a prime location on Hillside Ave and Van Wyck Expressway offering an upscale, professional office & meeting space in a brand new building.13621 HIllside Ave, LLC proudly presents this brand new commercial building in the most desirable location in Queens. With easy access to Van Wyck Expressway, E train (1 block Away), This building is conveniently located within walking distance to both courthouses while Jamaica Hospital is 1 block away. Completely build-out with high-end materials, top to bottom soundproof and energy-efficient windows, high-speed internet (hard-wired and WIFI), furnished with desks, chairs, smart TV, and virtual doorman private suites, each tenant has access to conference rooms, a rooftop recreational area, and a balcony at no additional charge. The building has an FDNY stretcher-compliant elevator with garage parking is also available. Nearest Transit: E train at Jamaica - Van Wyck, Jamaica LIRR terminal, and the Q54, Q56, Q24, & Q60 bus lines. Nearby tenants include Walgreens, Dunkin', Key Food Supermarkets, Planet Fitness, CVS, McDonald's, Wendy's, Exxon, Burger King, Starbucks, T-Mobile, Fine Fare Supermarkets, Crunch Fitness, and more!
A MUST-SEE!!! Please call 718-480-3510 to inquire and schedule a showing.
A MUST-SEE!!! Please call 718-480-3510 to inquire and schedule a showing.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
19,000 SF
Building Class
B
Year Built
2020
Price
£8,211,813
Price Per SF
£432
Net Initial Yield
6%
NOI
£492,709
Percent Leased
88%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
4,750 SF
Slab to Slab
11 ft
Building FAR
3.96
Land Acres
0.11 AC
Zoning
C2-3 - Located in the Kew Gardens between 136th St & Van Wyck Expy W near the Jamaica - Van Wyck subway station.
Parking
8 Spaces (0.42 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully built-out office suites. Private offices located on the Mezzanine level with 11 move in ready offices, 1 conference room, three bathrooms each with 2 cabins, kitchenette, electronic lock with keyless entry.
$800 to $1,750.00 Many Fully built-out office suites to choose from. Private offices located on the Mezzanine level with move in ready offices, 1 conference room, two bathrooms each with 2 cabins, kitchenette, electronic lock with keyless entry. Each office individually air-conditioned.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,350 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste Mezzanine | 300-1,000 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 1,350 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste Mezzanine
| Size |
| 300-1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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2nd Floor
| Size | 1,350 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Fully built-out office suites. Private offices located on the Mezzanine level with 11 move in ready offices, 1 conference room, three bathrooms each with 2 cabins, kitchenette, electronic lock with keyless entry.
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3rd Fl-Ste Mezzanine
| Size | 300-1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
$800 to $1,750.00 Many Fully built-out office suites to choose from. Private offices located on the Mezzanine level with move in ready offices, 1 conference room, two bathrooms each with 2 cabins, kitchenette, electronic lock with keyless entry. Each office individually air-conditioned.
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (100)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
111,256
754,822
1,921,793
2024 Population
108,771
691,871
1,738,168
Population Growth '20-'24
-2.2%
-8.3%
-9.6%
2020 Households
38,893
254,131
646,577
2024 Households
38,312
233,789
582,447
Household Growth '20-'24
-1.5%
-8.0%
-9.9%
Average Age
41
41
41
Median Household Income
$71,654
$75,456
$69,862
Daytime Employees
33,517
149,223
376,516
Total Businesses
3,991
21,169
52,981
College Degree + Higher
33%
34%
28%
$ values in USD
PROPERTY TAXES
| Parcel Number | 09623-0033 | Improvements Assessment | £800,259 (2024) |
| Land Assessment | £128,870 (2024) | Total Assessment | £929,128 (2024) |
PROPERTY TAXES
Parcel Number
09623-0033
Land Assessment
£128,870 (2024)
Improvements Assessment
£800,259 (2024)
Total Assessment
£929,128 (2024)
-
Boris Babakhanov -
Platinum Management Group
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136-21 Hillside Ave
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