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Investment Highlights
- Development Optionality in a High-Growth Submarket
- Transit-Rich Live-Work-Play Neighborhood
- Strong Development Fundamentals
- Unprecedented Residential Growth
Executive Summary
Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of 21-17 Jackson Avenue (the “Property” or “Site”), a prime development opportunity in the heart of Long Island City’s Hunters Point neighborhood. This Site features a 4,500 SF lot with exceptional frontage along Jackson Avenue, will be delivered vacant. The Site offers 22,500 ZFA (Standard) or 27,000 ZFA (UAP) for residential development.
The Property’s prime location in Long Island City positions residents at the center of one of New York City’s most dynamic live-work-play neighborhoods, home to 161,000 residents and 106,000 employees. The area features 40+ arts and cultural institutions, 50+ schools, and 14 acres of parks, with exceptional proximity to major employers including Google, JetBlue, Citi, Uber, Brooks Brothers, and Lyft.
The Property bene?ts from exceptional market fundamentals. Long Island City has experienced explosive growth with over 32,400 residential units completed or under construction, and an additional 7,380+ units projected by 2025. The neighborhood features 11 million square feet of commercial space with 2.8 million additional square feet projected, alongside 1.1 million square feet of retail with 318,000+ square feet anticipated by 2025.
The Property’s prime location in Long Island City positions residents at the center of one of New York City’s most dynamic live-work-play neighborhoods, home to 161,000 residents and 106,000 employees. The area features 40+ arts and cultural institutions, 50+ schools, and 14 acres of parks, with exceptional proximity to major employers including Google, JetBlue, Citi, Uber, Brooks Brothers, and Lyft.
The Property bene?ts from exceptional market fundamentals. Long Island City has experienced explosive growth with over 32,400 residential units completed or under construction, and an additional 7,380+ units projected by 2025. The neighborhood features 11 million square feet of commercial space with 2.8 million additional square feet projected, alongside 1.1 million square feet of retail with 318,000+ square feet anticipated by 2025.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Property Type | Land | ||
| Zoning | R7X, C1-5 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.10 AC |
| Zoning | R7X, C1-5 |
1 Lot Available
Lot
| Lot Size | 0.10 AC |
| Lot Size | 0.10 AC |
Residential development site.
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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21-17 Jackson Ave
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