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