136-21 Hillside Ave
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136-21 Hillside Ave
19,000 SF 100% Leased Office Building Richmond Hill, NY 11418 $16,512,735 CAD ($869.09 CAD/SF) 6.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 16 Unit 18,138 Sqft. Corner Office Building With Private Garage For Sale!!!
- The Property Is Located In The Heart Of Kew Gardens On Busy Hillside Avenue & Van Wyck Expressway!!!
- This Property Offers HUGE Upside Potential!!!
- The Building Features Excellent Signage, Great Exposure, 4 Stories, 3,157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, +++!!!
- Neighbors Include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin’, McDonald’s, Taco Bell, Mobil, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 16 Unit 18,138 Sqft. Corner Office Building With Private Garage For Sale!!! The Building Features Excellent Signage, Great Exposure, 4 Stories, 3,157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, Secure Private Offices, 4 Stories, R6/C2-3 Zoning, Sprinklers, All New LED Lighting, Elevator, 3,200 Sqft. Mezzanine, 3 Phase 1200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Kew Gardens On Busy Hillside Avenue & Van Wyck Expressway!!! Neighbors Include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin’, McDonald’s, Taco Bell, Mobil, Pep Boys, Wendy’s, Advance Auto Parts, Burger King, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor (Chychillas Inc): $45,600 Ann.; Lease Exp.: 10/14/28.
Unit 201 (Brooklyn Radiation Oncology): $78,000 Ann.; Lease Exp.: 3/30/37
Unit 202 (Brooklyn Radiation Oncology): $140,280 Ann.; Lease Exp.: 10/10/28.
Unit 301 (Best Medical Care): $107,163.72 Ann.; Lease Exp.: 8/31/26.
Unit 304 (Brooklyn Radiation Oncology): $24,000 Ann.; Lease Exp.: 12/31/28.
Unit 305 (Big Heart Home Care): $33,580.08 Ann.; Lease Exp.: 2/28/25.
Unit 306 (Voltamp Electrical Contractors Inc): $30,000 Ann.; Lease Exp.: 7/2/25.
LL #1 (Cristian Genao Photos & Films): $45,600 Ann.; Lease Exp.: 9/30/26.
LL #2 P(Get Ready Kids): $36,000 Ann.; Lease Exp.: 9/30/25.
M-1 (The Excel Academy): $28,800 Ann.; Membership Since 9/1/23.
M-2: $18,000 Ann.; Membership Available.
M-3: $16,800 Ann.; Membership Since 10/18/24.
M-4: $13,200 Ann.; Membership Since 11/1/24.
M-5: $19,200 Ann.; Membership Available.
M-6: $19,200 Ann.; Membership Available.
M-7: $19,200 Ann.; Membership Available.
M-8: $19,200 Ann.; Membership Available.
M-9 (Voltamp Electrical Contractors Inc): $20,400 Ann. M-M.
M-10: $16,800 Ann.; Membership Since 6/22/24.
M-11: $16,800 Ann.; Membership Available.
M-12: $7,200 Ann.; Membership Available.
M-13 (Christina Brown): $15,000 Ann.; M-M.
M-14: $15,600 Ann.; Membership Available.
M-15: $15,600 Ann.; Membership Available.
M-16 (Entrateca Robinson): $15,600 Ann.; Membership Since 10/27/23.
Best Car Medical (2 Parking Spaces): $6,000 Ann. Lease Exp.: 1/1/60.
Parking Spaces 3-8: $18,000 Ann. (Available)
Dish Wireless (Rooftop): $45,000 Ann. Lease Exp.: 12/14/24.
Pro Forma Rental Income: $883,663.80 Ann.
Late Fees: $2,251.01 Ann.
Miscellaneous: $527.35 Ann.
Tenant Utility Rebate: $480 Ann.
Pro Forma Gross Income: $886,922.19 Ann.
Expenses:
Electric: $38,356 Ann. (Landlord Pays Electric For 3rd Floor, Basement & Mezzanine Tenants Only)
Maintenance & Repairs: $4,515.50 Ann.
Garbage Pickup: $2,765.65 Ann.
Insurance: $7,826.87 Ann.
Internet: $3,844.52 Ann.
Water & Sewer: $1,200 Ann.
Taxes: $27,699.08 Ann.
Total Expenses: $86,207.62 Ann.
Pro Forma Gross Income: $886,922.19 Ann.
Pro Forma Net Operating Income (NOI): $800,714.57 Ann.(6.96 Cap!!!)
Income:
1st Floor (Chychillas Inc): $45,600 Ann.; Lease Exp.: 10/14/28.
Unit 201 (Brooklyn Radiation Oncology): $78,000 Ann.; Lease Exp.: 3/30/37
Unit 202 (Brooklyn Radiation Oncology): $140,280 Ann.; Lease Exp.: 10/10/28.
Unit 301 (Best Medical Care): $107,163.72 Ann.; Lease Exp.: 8/31/26.
Unit 304 (Brooklyn Radiation Oncology): $24,000 Ann.; Lease Exp.: 12/31/28.
Unit 305 (Big Heart Home Care): $33,580.08 Ann.; Lease Exp.: 2/28/25.
Unit 306 (Voltamp Electrical Contractors Inc): $30,000 Ann.; Lease Exp.: 7/2/25.
LL #1 (Cristian Genao Photos & Films): $45,600 Ann.; Lease Exp.: 9/30/26.
LL #2 P(Get Ready Kids): $36,000 Ann.; Lease Exp.: 9/30/25.
M-1 (The Excel Academy): $28,800 Ann.; Membership Since 9/1/23.
M-2: $18,000 Ann.; Membership Available.
M-3: $16,800 Ann.; Membership Since 10/18/24.
M-4: $13,200 Ann.; Membership Since 11/1/24.
M-5: $19,200 Ann.; Membership Available.
M-6: $19,200 Ann.; Membership Available.
M-7: $19,200 Ann.; Membership Available.
M-8: $19,200 Ann.; Membership Available.
M-9 (Voltamp Electrical Contractors Inc): $20,400 Ann. M-M.
M-10: $16,800 Ann.; Membership Since 6/22/24.
M-11: $16,800 Ann.; Membership Available.
M-12: $7,200 Ann.; Membership Available.
M-13 (Christina Brown): $15,000 Ann.; M-M.
M-14: $15,600 Ann.; Membership Available.
M-15: $15,600 Ann.; Membership Available.
M-16 (Entrateca Robinson): $15,600 Ann.; Membership Since 10/27/23.
Best Car Medical (2 Parking Spaces): $6,000 Ann. Lease Exp.: 1/1/60.
Parking Spaces 3-8: $18,000 Ann. (Available)
Dish Wireless (Rooftop): $45,000 Ann. Lease Exp.: 12/14/24.
Pro Forma Rental Income: $883,663.80 Ann.
Late Fees: $2,251.01 Ann.
Miscellaneous: $527.35 Ann.
Tenant Utility Rebate: $480 Ann.
Pro Forma Gross Income: $886,922.19 Ann.
Expenses:
Electric: $38,356 Ann. (Landlord Pays Electric For 3rd Floor, Basement & Mezzanine Tenants Only)
Maintenance & Repairs: $4,515.50 Ann.
Garbage Pickup: $2,765.65 Ann.
Insurance: $7,826.87 Ann.
Internet: $3,844.52 Ann.
Water & Sewer: $1,200 Ann.
Taxes: $27,699.08 Ann.
Total Expenses: $86,207.62 Ann.
Pro Forma Gross Income: $886,922.19 Ann.
Pro Forma Net Operating Income (NOI): $800,714.57 Ann.(6.96 Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,273,522
|
$67.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,273,522
|
$67.03
|
| Taxes |
$39,773
|
$2.09
|
| Operating Expenses |
$84,011
|
$4.42
|
| Total Expenses |
$123,784
|
$6.51
|
| Net Operating Income |
$1,149,739
|
$60.51
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,273,522 |
| Annual Per SF | $67.03 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,273,522 |
| Annual Per SF | $67.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,773 |
| Annual Per SF | $2.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $84,011 |
| Annual Per SF | $4.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $123,784 |
| Annual Per SF | $6.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,149,739 |
| Annual Per SF | $60.51 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
19,000 SF
Building Class
B
Year Built
2020
Price
$16,512,735 CAD
Price Per SF
$869.09 CAD
Cap Rate
6.96%
NOI
$1,149,739 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,750 SF
Slab To Slab
11’
Building FAR
3.96
Lot Size
0.11 AC
Zoning
R6/C2-3
Parking
8 Spaces (0.42 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Roof Terrace
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
With nine locations in Brooklyn and Queens, Best Medical Care has been providing quality care and a to many communities for more than 17 years. Their highly trained physicians are there when a patient needs them and take the time to give their patient the right treatment, manage their care and answer their questions. Their goal as the patient's medical providers is to build a trusted relationship with the patient, coordinate their care and address all their healthcare needs.
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- Real Estate
- -
- -
- -
“Objects at rest remain at rest unless acted on by an external force.” — Sir Isaac Newton Newton’s First Law of Motion is a pillar of modern physics. But it can also be applied to the world of business. The driver of the global economy is innovation, and the new force acting on it today is where and how people work. Here at LiquidSpace, they’ve been pushing on this theme for nearly a decade, unwavering in their belief that people should work from where it works. They’ve continuously challenged the 9-5 office orthodoxy – with its painful commutes, rejection of choice and unsustainable footprint. And from their launch at SXSW in 2011, they’ve watched their business grow space by space, city by city, and now country by country. Along the way they’ve designed, tested and tuned the technology to help companies rethink the way real estate transactions happen, to inspire them to offer their employees greater choice and mobility, to enable happier workers and a healthier planet.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - | ||
|
|
Real Estate | - | - | - |
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 09623-0033 | Total Assessment | $1,715,369 CAD (2024) |
| Land Assessment | $237,921 CAD (2024) | Annual Taxes | $39,773 CAD ($2.09 CAD/SF) |
| Improvements Assessment | $1,477,448 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
09623-0033
Land Assessment
$237,921 CAD (2024)
Improvements Assessment
$1,477,448 CAD (2024)
Total Assessment
$1,715,369 CAD (2024)
Annual Taxes
$39,773 CAD ($2.09 CAD/SF)
Tax Year
2025
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136-21 Hillside Ave
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