172-16 Jamaica Ave Unit 1 Jamaica, NY 11432

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