172-16 Jamaica Ave, Jamaica, NY, 11432 - Available for Sale

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Mixed use land in Queens

172-16 Jamaica Ave, Jamaica, NY 11432

$1,499,000

7,656 SF | Land

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Price:
$1,499,000
Lot Size:
7,656 SF
Property Type:
Land
Property Sub-type:
Multifamily (land)
Additional Sub-types:
Office (land)
Residential (land)
Retail (land)
Zoning Description:
R6, C2-4
Listing ID
18349212
Last Updated
24 days ago

Find Out More...

1 Lot Available

Lot 7

  • $1,499,000
  • 7,656 SF
  • $195.79
  • Multifamily (land)
  • 10213-0007
  • 4%
  • Mixed use land, Commercial, Multifamily and Residential Accepting All Offers !!! Can build up to 24,380 sq ft. 2 floors commercials and 7 floors residential.

Highlights

  • Mixed use land for development, Build up to 24,380 sq ft.
  • Can build 2 floors commercial and 7 floors residential

Description

Mixed use land for development- Great investment for developers.
Build up to 2 floors commercials and additional 7 floors residential.
Accepting All Offers !

The subject property is a 59' x 132' development site located at 172-16 (Block 10213, Lot 7) in downtown Jamaica Queens. The single vacant lot is zoned R6A/C2, except for 32' at the rear of the lot which is zoned R5 (FAR 1.25). The subject property would give a developer the opportunity to develop a building with a maximum height of 70' (30' R5) and a buildable area of approximately 24,380 square feet (17,400 R6A; 2,320 R5).
Price : $2,000,000
Lot Size (SF) 7,656 Price/SF $261.23 Lot Size (Acres) 0.1761 Price/Acre $10,789,324 Buildable SF 24,380 Price/Buildable SF $81.03
Lot Dimensions 59' x 132'
Type of Ownership Fee Simple
Assessor's Parcel Number 10213-0007 Zoning : R6A/C2; R5 Taxes : $11,977.68 Tax Year : 2012
Frontage 59' on Jamaica Avenue

The subject property fronts 59' on Jamaica Avenue, a major commercial thoroughfare, and is a few blocks from the 165th Street bus depot, the 169th Street F-train, the recently completed Home Depot, the site of a major NYCEDC proposed development, and many other short-term and long-term planned developments.

Financial Summary

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Created 9/9/2013
Mixed use land in Queens
  • Land
  • $1,499,000
  • 7,656 SF