155-01 Jamaica Ave
Jamaica, NY 11432
Prime Jamaica Avenue · Land For Sale · 0.08 AC

We’re excited to present a prime development opportunity at 155-01 Jamaica Avenue, Jamaica, NY 11432. This strategically located property on the north side of Jamaica Avenue, between 153rd Street and Parsons Boulevard, offers a 3,144 sq. ft. retail building with 24’ of frontage. Beyond its current retail use, the property holds immense development potential, allowing for mixed-use, residential, commercial, and community facility opportunities. *The lot size is 25’ x 131’ (3,275 Sq. Ft.) with a C6-3 zoning. Notably, the As of Right Residential (F.A.R.) stands at 7.52 & 9.02 (F.A.R.) with "City of Yes" & UAP. This translates to an As of Right Residential Buildable of 24,628 Sq. Ft., "City of Yes" & UAP- 29,541 Residential BSF. *Additionally, the commercial F.A.R. is 8.0, providing for Commercial Buildable Sq. Ft. of 26,200, along with a Community Facility Buildable Sq. Ft. of 26,200. *Taxes for the period of (7/1/25 thru 6/30/26) = $33,484. This property’s exceptional location and flexible zoning make it an enticing prospect for developers looking to capitalize on the vibrancy of Jamaica Avenue and explore diverse development opportunities. Now with the 485-x tax abatement in place and the "City of Yes", this has become a strong transit oriented development play at one of the cheapest price per square foot asking prices in the area!