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86-26 85th St 0.05 Acres of Commercial Land in Woodhaven, NY 11421
INVESTMENT HIGHLIGHTS
- Zoned R3-1 with 1,300 SF of available air rights
- Located across from the Forest Parkway J/Z subway station
- Positioned in a high-demand residential corridor near Forest Park
- Month-to-month tenancy allows for immediate rent growth
- Adjacent to two active listings for potential assemblage
- Projected NOI of $33,895 with minimal operating expenses
EXECUTIVE SUMMARY
Strategically positioned between Jamaica Avenue and 86th Avenue, the site benefits from excellent transit access, sitting directly across from the 85th Street–Forest Parkway J/Z subway station and near multiple bus routes. This connectivity enhances its appeal for future residential use or continued commercial operation. The parcel is adjacent to two other properties currently marketed for sale— 84-39 Jamaica Avenue and 84-45 Jamaica Avenue—creating a unique assemblage opportunity for a larger footprint and increased development potential.
Woodhaven’s stable working-class community, proximity to Forest Park, and access to major thoroughfares like Atlantic Avenue and the Jackie Robinson Parkway further reinforce the site’s long-term value. With projected gross annual income of $39,000 and a projected NOI of $33,895, this property offers a compelling blend of current cash flow and future redevelopment upside.
Woodhaven’s stable working-class community, proximity to Forest Park, and access to major thoroughfares like Atlantic Avenue and the Jackie Robinson Parkway further reinforce the site’s long-term value. With projected gross annual income of $39,000 and a projected NOI of $33,895, this property offers a compelling blend of current cash flow and future redevelopment upside.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.05 AC |
1 LOT AVAILABLE
Lot
| Lot Size | 0.05 AC |
| Lot Size | 0.05 AC |
Located in the heart of Woodhaven, Queens, 86-26 85th Street presents a rare opportunity to acquire a versatile 2,000 SF parcel currently utilized for parking and storage. Zoned R3-1, the site supports low-density residential development, making it i
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (77)
CONTACTS
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Stephen Preuss -
Andreas Efthymiou -
Kevin Schmitz -
Thomas Tyne -
Jack Rovner -
Ripco Real Estate
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86-26 85th St
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