RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 93-43 SUTPHIN BOULEVARD — Downtown Jamaica, Queens NY.
The subject property is a ~7,000 square foot lot at the northeast corner of Sutphin Boulevard & 94th Avenue. The property is directly adjacent to the Jamaica Transit
Hub with access to the LIRR, MTA subway (E, J, Z), JFK AirTrain, and multiple bus lines.
The property is currently a vacant, unimproved lot which is zoned C6-4 with an R10 equivalency. The property is ideal for a mixed-use or hotel development project. The C6-4 zoning allows for a 9.0 FAR as-of-right and a 12.0 FAR for commercial or through the
inclusionary housing bonus. The property has ~84,000 buildable SF plus 27,000+ SF of additional air rights for a total allowable zoning floor area of nearly 111,000 SF. In addition, the property has approved plans for a 26-story, 221-key, ~130,000 SF hotel project.