148-05 Archer Ave 24,000 SF Industrial Building Jamaica, NY 11435 For Sale

Attention Developers and Investors - Prime Downtown Jamaica Development Site — 134,784 BSF | Steps from Jamaica Station.
Rare opportunity to acquire one of the last remaining Archer Ave lots - a high-density development site in the heart of Downtown Jamaica, Queens — one of NYC's most active transit-oriented development corridors.
The Offering
148-05 Archer Avenue is an 11,232 SF corner lot zoned C6-4 within the Special Downtown Jamaica District. Under the current MIH framework, the site supports a maximum FAR of 12.0 — yielding approximately 134,784 buildable square feet for residential or mixed-use development.
Development Advantages:
City of Yes parking relief: Transit-adjacent location eliminates residential parking mandates, removing the cost of below-grade or podium parking and redirecting capital into revenue-generating square footage
MIH + Universal Affordability Preference: Clear, established regulatory path to the full 12.0 FAR
485-x tax exemption eligible: As an MIH site, positioned to pair with the successor to 421-a — up to 30 years of property tax exemption for construction starts by June 2028
Unmatched transit access: Steps from Jamaica Station — E, J, Z subway lines, LIRR, and JFK AirTrain
Location
Directly across the street from Building 2 of The Crossing at Jamaica Station, a recently completed 30-story mixed-use development featuring community and retail space, and 200 parking spaces.
Serious inquiries only. Offering guidance: $135/BSF (~$18.2M).