172-16 Jamaica Avenue #1

Great investment in Queens.

- Mixed use land commercial & residential.
The land has been demolished an ready for architect plans.

- Build up to 2 floors commercials and additional 7 floors residential.

-The subject property is a 59' x 132' development site located at 172-16
(Block 10213, Lot 7) in downtown Jamaica Queens.
The single vacant lot is zoned R6A/C2, except for 32' at the rear of the lot which is zoned R5 (FAR 1.25).
The subject property would give a developer the opportunity to
develop a building with a maximum height of 70' (30' R5) and a
buildable area of approximately 24,380 square feet (17,400 R6A; 2,320
R5).
The subject property fronts 59' on Jamaica Avenue, a major commercial
thoroughfare, and is a few blocks from the 165th Street bus depot, the
169th Street F-train, the recently completed Home Depot, the site of a
major NYCEDC proposed development, and many other short-term
and long-term planned developments.

Lot Size (SF) 7,656

Lot Size (Acres) 0.1761
Price/Acre $10,789,324
Buildable SF 24,380

Lot Dimensions 58' x 132'
Type of Ownership Fee Simple

Assessor's Parcel Number 10213-0007
Zoning : R6A/C2; R5
Taxes : $11,977.68
Tax Year : 2013

Frontage 59' on Jamaica Avenue