Executive Summary 139-40 Hillside Avenue is a prime development site located in the heart of Jamaica, Queens. Strategically positioned within a major transit corridor, this site benefits from imminent rezoning under the Jamaica Neighborhood Plan, which allows for significant upzoning and mixed-use potential. Site Overview Lot Size: 100' x 105' (10,500 sq. ft.) Current Zoning: Light commercial/industrial (F4) Proposed Zoning: C4-4D Max FAR: 7.2 (with MIH bonus) Buildable SF: 10,500 x 7.2 = 75,600 sq. ft. Current Asking Price: $18,000,000 Current Building: 1-story commercial, 6,625 SF Development Potential (C4-4D Zoning) Proposed Uses: - Ground Floor: ~10,000 sq. ft. Retail - Floors 2-14: ~65,000 sq. ft. Residential (~100 units) Affordable Component: HPD/LIHTC Eligible Tax Benefits: NYS 485-x Property Tax Abatement