155-01 Jamaica Ave - Residential LAND FOR SALE


Jamaica, NY 11432- Downtown Jamaica3,276 SF
$2,500,000 USD
212-920-7658
155-01 Jamaica Ave, Jamaica, NY for Sale
$2,500,000 USD
Residential LAND - FOR SALE
1/3
3,276 SF

155-01 Jamaica Ave
Jamaica, NY 11432
Downtown Jamaica


HIGHLIGHTS

  • C6-3/R9, Zoning. Allows for 24,268 BSF (Market). 29.541 (UAP).
  • Pending rezoning to C6-4. 39,300 (MIH). Expected by End-of-Year 2025.
  • 3,275 Sq. Ft. Building on a 3,275 Sq. Ft. Lot.
  • Unparalleled proximity to mass transit. Subway, LIRR, Bus lines, Air Train.

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/ACRE

$33,251,908/AC

PRICE/SF

$763 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Prime Jamaica Avenue

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd, Community Center, Hold for Development, Medical

LAND ACRES

0.08 AC

LAND SF

3,275 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C6-3, DJ

APN/PARCEL ID

09754-0047

ASK ABOUT THIS PROPERTY

Alexandre GouletLandair Property AdvisorsMore Info
212-920-7658

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

Alexandre GouletLandair Property AdvisorsMore Info
212-920-7658

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