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143-12 Liberty
Jamaica, NY 11435
Land For Sale
·
0.05 AC
Investment Highlights
- Utilizing a standard 3.0 FAR, a developer can construct up to 5,940 As-Of-Right Buildable Square Feet (BSF)
- Situated just steps from the Sutphin Boulevard subway corridor and within comfortable walking distance to the world-class Jamaica Transportation Cente
Executive Summary
Price: Inquire for Pricing (Non-Disclosed)
Property Type: Land / Residential / Commercial / Mixed-Use Development
Sale Type: Investment, Owner-User, or Development Play
Bulk Portfolio: Connected to the 12-Property South Queens Commercial Portfolio
Pricing is Non-Disclosed. The property can be delivered completely vacant and unencumbered, providing an incoming developer with a clean slate for rapid architectural design filings with the NYC Department of Buildings (DOB).
143-12 Liberty Ave (Block 10041, Lot 4)
Lot SF: 1,980 SF
Zoning: R7X (High-Density Corridor Frontage)
As-Of-Right Base Residential FAR: 5.0 FAR = 9,900 BSF
MIH Max Option: 6.0 FAR = 11,880 BSF
Community Facility Option: 5.0 FAR = 9,900 BSF
The Liberty Avenue West Transit Node (143-10 & 142-12 Liberty Ave)
Combined Land Footprint: 3,164 SF (1,184 SF + 1,980 SF)
Underwriting Track: High-Density Contextual Corridor Overlay (R7X).
Zoning Guidelines (JNP): R7X zones permit an As-Of-Right baseline residential FAR of 5.0, which scales to a maximum of 6.0 FAR under the Mandatory Inclusionary Housing (MIH) Option 1 or 2 tracks.
As-Of-Right Base Envelope (5.0 FAR): 15,820 BSF
MIH Max Option Envelope (6.0 FAR): 18,984 Combined BSF
Community Facility Track (5.0 FAR): 15,820 BSF (The MIH Residential track provides the absolute maximum vertical massing yield here).
Property Facts
1 Lot Available
Lot
| Lot Size | 0.05 AC |
| Lot Size | 0.05 AC |
1,980 SF / R6A 3.6 FAR / 7,128 BSF Land Type Mixed Acres 0.05 Square Feet 1,980 Lot Dimensions 41.42 x 53.58 IRR Zoning Code R6A Lot Type Inside
Description
AVAILABLE INDIVIDUALLY, AS A CONTIGUOUS ASSEMBLAGE WITH THE IMMEDIATELY ADJACENT LOT, OR AS A COMPONENT OF A 12-PROPERTY SOUTH QUEENS CORRIDOR BULK SALE. The Roulette Properties Team at Keller Williams Realty Elite has been exclusively retained to market The South Queens Commercial Corridor Portfolio, an institutional-scale consolidation of 12 strategic commercial, industrial, and residential parcels. Controlling a collective footprint of 116,000+ SF of continuous and infill land within one of New York City’s most supply-constrained logistical submarkets, this portfolio presents a rare combination of immediate high-margin operational cash flow and massive multi-story development potential. 143-12/14 Liberty Avenue offers an exceptional mid-block development opportunity featuring a 1,980 SF land footprint positioned directly within Downtown Jamaica’s high-velocity transit corridor. Governed by a robust R6A Zoning classification within an Inclusionary Housing District overlay, this asset provides a prime vehicle for developers seeking to capture the submarket’s intense demand for residential multi-family housing or high-exposure retail/mixed-use footprints.
