We’re excited to present a prime development opportunity at 155-01 Jamaica Avenue, Jamaica, NY 11432. This strategically located property on the north side of Jamaica Avenue, between 153rd Street and Parsons Boulevard, offers a 3,144 sq. ft. retail building with 24’ of frontage. Beyond its current retail use, the property holds immense development potential, allowing for residential, mixed-use, commercial, & community facility uses. *The lot size is 25’ x 131’(3,275 sq. ft.) with a C6-3 zoning. *Notably, the residential floor area ratio (F.A.R.) stands at 7.52, with the ability to reach 9.02 under "City of Yes" UAP. *This translates to a residential buildable sq. ft. of 24,628 sq. ft. (approx.), expandable to 29,541 buildable sq. ft. with "City of Yes" & UAP. *The commercial F.A.R. is 8, providing for a commercial buildable sq. ft. of 26,200 sq. ft. (approx.), along with a community facility buildable sq. ft. of 26,200. *This property is also eligible for the 20% transit bonus due to its proximity to the Jamaica Center Subway Station. (20% FAR bonus or 200,000 SF (whichever is less) for developments or enlargements on qualifying transit improvement sites (in R9,R10 or M1-6 & within 500' for such zoning lots outside of Central Business Districts or within 1,500 feet for such zoning lots and mass transit stations within Central Business Districts). *The total Residential BSF would increase to 35,449 Sq. Ft.. *Taxes for the period of (7/1/25 thru 6/30/26) = $33,484. *This property’s exceptional location and flexible zoning make it an enticing prospect for developers looking to capitalize on the vibrancy of Jamaica Avenue and explore diverse development opportunities.