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155-01 & 155-03 Jamaica Ave Portfolio 2 Land Properties Offered at $5,200,000 in Jamaica, NY
INVESTMENT HIGHLIGHTS
- 46’ x 132’ Assemblage Measuring 6,047 Sq. Ft. located in downtown Jamaica.
- Located within Jamaica Neighborhood Plan. Pending rezoning to C6-4. Pending BSF to 72,564 Sq. Ft. (MIH)
- (3) sides of light due to location adjacent to Grace Church
- Flexible Zoning of C6-3, DJ Allows for 45,473 BSF (Market)
- Fire Easement in the rear lot allows for access during and after construction.
- Large Floorplate and 46’ of Frontage on Jamaica Avenue.
EXECUTIVE SUMMARY
An exceptional development opportunity located in the high-growth corridor of Downtown Jamaica, Queens. 155-01 and 155-03 Jamaica Avenue offer developers a 6,047 sq. ft. midblock parcel boasting 46 feet of frontage on Jamaica Avenue. The property’s powerful C6-3 zoning, within the Special Downtown Jamaica District (DJ), provides tremendous flexibility for a developer. For visionary developers poised to capitalize on potential upzoning, the future ZFA for this property could further increase to approximately 72,564 Sq. Ft. with the affordability component, offering immense development potential. The site allows for a substantial as-of-right development envelope, offering up to 45,473 BSF for residential use or a significant 48,376 BSF for a commercial project. Delivered vacant, the property provides a clear path for a major ground-up construction project. This site is strategically positioned to capitalize on Downtown Jamaica's ongoing revitalization, making it a compelling opportunity to deliver a new Class-A building in one of New York City's most dynamic emerging submarkets.
PROPERTY FACTS
| Price | $5,200,000 | Number of Properties | 2 |
| Sale Type | Investment | Individually For Sale | 1 |
| Status | Active | Total Land Area | 0.14 AC |
| Price | $5,200,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Land Area | 0.14 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
|
Prime Jamaica Avenue
155-01 Jamaica Ave, Jamaica, NY 11432 |
Land | 0.08 AC | $4,800,000 |
|
Prime Jamaica Avenue
155-03 Jamaica Avenue, Jamaica, NY 11432 |
Land | 0.06 AC | - |
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155-01 & 155-03 Jamaica Ave Portfolio
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