Situated in the heart of Downtown Jamaica, this 3,275 square-foot midblock lot offers excellent development potential in one of NYC's most vibrant neighborhoods. Across from the very high traffic Social Security Office. Zoned C6-3/R9, allowing for the construction of a market-rate residential building up to 24,628 square feet, or up to 29,541 square feet under the Universal Affordability Preference. The site features a 3,144-square-foot commercial/warehouse building with a month-to-month tenant, providing potential short-term income during pre-development planning. Ideal for both market-rate and affordablehousing projects, this property leverages favorable zoning regulations to maximize its potential. Under the City Of Yes for Housing Opportunity, parking mandates in this location have been completely waived and is optional for new development.
*The property is located within the Jamaica Neighborhood Plan area and there is a pending rezoning that will change this zoning from C6-3, DJ (R9 Equivalent) to C6-4 (R10 Equivalent). The new zoning will allow the construction of a 39,300 Sq. Ft. Building (MIH ZFA).