16816 91st Ave - Freestanding FOR SALE


Jamaica, NY 11432
$5,800,000 USD
212-920-7658
16816 91st Ave, Jamaica, NY for Sale
$5,800,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

NEW


16816 91st Ave
Jamaica, NY 11432


HIGHLIGHTS

  • Prime Block-Through development site and commercial building at 168-15 Jamaica Avenue.
  • Total lot size of 7,902 sq. ft. with dimensions of 42x106 on Jamaica Avenue, and 26’ x 134’ on 91st Avenue.
  • Zoned C6-2, DJ, allowing for a Mixed-Use building of up to 49,524 Sq. Ft.
  • Currently built as a 16,185 Sq. Ft. commercial building that will be delivered vacant at closing.
  • Located on Jamaica Avenue, between 168th & 169th Street. The property is surrounded by national retailers, including Marshalls
  • Retail rents projected to hit $70/SF in this pocket of Jamaica Avenue.

OVERVIEW

Introducing a prime retail building and development opportunity at 168-15 Jamaica Avenue & 168-19 91st Avenue in Jamaica. The properties consist of (2) lots measuring a total of 7,902 sq. ft. and improved by a 16,185 Sq. Ft. block-through retail building. These block-through properties are located on Jamaica Avenue, between 168th & 169th Street and are zoned C6-2, DJ, allowing for a potential residential building of up to 49,524 sq. ft. The properties will be delivered vacant at closing. The real estate market in Jamaica is experiencing growth, driven by its accessibility and ongoing urban development. Much of the neighborhood has been recently rezoned, which should lead to further retail rent growth. This property is not located in the Jamaica Neighborhood rezoning and is therefore not subject to MIH requirements.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C4-2

APN/PARCEL ID

09799-0016

ASK ABOUT THIS PROPERTY

Alexandre GouletLandair Property AdvisorsMore Info
212-920-7658

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Alexandre GouletLandair Property AdvisorsMore Info
212-920-7658

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