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196-04-196-26 Woodhull Ave 1.16 Acres of Commercial Land in Hollis, NY 11423
Investment Highlights
- ±640 feet of wraparound frontage along Woodhull and Jamaica Avenue
- Ground lease and joint venture opportunities tailored to developer needs
- Up to 103,000 SF of buildable area, a rare canvas for large-scale redevelopment
- Qualified Residential Site designation with upzoned density tied to 80% AMI, enhancing project feasibility and returns
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Hold For Development |
| No. Lots | 1 | Total Lot Size | 1.17 AC |
| Property Type | Land | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Development |
| Total Lot Size | 1.17 AC |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
1 Lot Available
Lot 5
| Lot Size | 1.16 AC |
| Lot Size | 1.16 AC |
Five contiguous lots totaling ±50,360 SF in Jamaica, Queens, with ±640 feet of wraparound frontage along Woodhull and Jamaica Avenue. Prime redevelopment opportunity offering up to 103,000 SF buildable area through ground lease or joint venture.
Description
The site comprises five contiguous lots totaling ±50,360 square feet along Woodhull and Jamaica Avenue in Queens, New York. Featuring an extensive ±640 feet of wraparound street frontage, the property enjoys prominent visibility within one of New York City’s most dynamic submarkets. Present improvements include St. Gabriel Church, two residential structures, a parking lot, and one vacant parcel, offering opportunities for repositioning or redevelopment. Zoned to support multifamily development, the property benefits from an upzoned density tied to 80% AMI and holds a Qualified Residential Site designation, encouraging residential projects with enhanced feasibility. Developers can take advantage of flexible structuring options, including ground lease or joint venture arrangements, and leverage the site’s potential to accommodate up to 103,000 square feet of buildable area. This property is well positioned for transformative projects in the heart of a growing urban hub.
Property Taxes
| Parcel Numbers | Improvements Assessment | $931,051 | |
| Land Assessment | $1,048,822 | Total Assessment | $1,979,873 |
Property Taxes
Contacts
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Brandon Polakoff -
Patrick Madigan -
Fritz Richter -
Joseph Moran -
Miles Davis-Bosch -
Avison Young
