516-253-6508
13940 Hillside Ave, Jamaica, NY for Sale
Light Manufacturing - FOR SALE
1/8
null | Request Cap Rate

13940 Hillside Ave
Jamaica, NY 11435
Downtown Jamaica


HIGHLIGHTS

  • Approved by the full city counsel for redevelopment 14 Stories approx. 85000 Sq.Ft.
  • Prime Jamaica, Queens location in a major transit corridor
  • Retail potential: ~10,000 sq. ft. on ground floor
  • Rezoning upside via Jamaica Neighborhood Plan
  • Affordable housing eligible: HPD/LIHTC

OVERVIEW

Conveniently located at the epicenter of Jamaica, the property are within close proximity to the Van Wyck Expwy., JFKAirport and neighboring communities to offer an opportunity of convenience for retail/business/ residential. This redevelopment opportunity provides developers the ability to capitalize on tremendous demand in an area with a scarcity of developable land. The acquisition of this property is an ideal opportunity for any investor/developer looking for a sizeable development project within Queens. DEVELOPMENT HIGHLIGHTS TOD Location: 1 block to Sutphin-Archer Transit Hub (LIRR, E/J/Z subway) Current Buildable SF: ~45,000 SF (under R6A) Post-JNP Buildable SF: ~85,000–90,000 SF (C4-4D w/ MIH) Proposed Height Limit: 145’150 ft (~14 stories) Eligible for HPD, 485-x, LIHTC Ideal for: Mixed-use, Affordable Housing, or Institutional Rental VALUE PROPOSITION Positioned in Jamaica’s future zoning and infrastructure investment core One of the few mid-block parcels with full 100’ street frontage In-place ownership can deliver clean title and quick close Strong support from local leadership for JNP expected to pass by Q4 2025

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NOW FULLY APPROVED BY NYC

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

UTILITIES

-

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.24

LAND SF

10,454

ZONING

R7A, C4-4D, DJ

APN/PARCEL ID

09685-0006

ASK ABOUT THIS PROPERTY

Peter ShawTHE RIPOSTE CORP.More Info
516-253-6508

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Peter ShawTHE RIPOSTE CORP.More Info
516-253-6508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.