8925 162nd St
Jamaica, NY 11432
Land For Sale · 0.33 AC

89-25 162nd Street is an unimproved parking lot which spans 1/3 of an acre and has 112' of frontage on 162nd Street. The property, zoned C4-5X / R7X, is an ideal mixed-use development site in the center of Downtown Jamaica. The property is located within a voluntary inclusionary housing district which means that the as-of-right zoning floor area is 53,810, and the maximum zoning floor area is 71,747 with the inclusionary housing bonus. The property is ideal for numerous types of development including residential rentals, mixed-use with retail and/or office components, and community facilities such as a charter school or medical office hub. The developer will benefit from low property taxes. The property is conveniently located between the Jamaica Avenue shopping corridor near Target & H&M and Hillside Avenue with easy access to the F subway.