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Property Description

This prime 8,734 square-foot corner lot presents a rare development opportunity in a high-demand location. Currently approved for a four-story building with 20 residential units, the property offers significant potential for expansion. With a revised architectural plan, the space can be optimized without requiring a variance, allowing for greater flexibility and maximizing value. Developers have the option to build up to 34 affordable housing units, benefiting from 485(x) tax abatements and Opportunity Zone incentives, or pursue a mixed-use development featuring a 4,000-square-foot community facility alongside 25 market-rate apartments. The strategic location and zoning flexibility make this an exceptional investment opportunity.

Features
Heating System:
Baseboard
Cooling System:
Wall/window Unit(s)
Sewer:
Public Sewer
Utilities:
See Remarks
Address Map
City:
NY
State:
NY
County:
Queens
Directions:
Google Maps
Property and Construction
Development Status:
Frame
Agent MlsId:
169035
Office MlsId:
LILI01
Special Listing Conditions:
No
Tax Annual Amount:
$18,858
Water Source:
Public
PhotosCount:
5

Commercial Sale For Sale

101-01 Jamaica Avenue, New York, NY

$3,750,000
Listing ID #832107
Basic Details
Property Type :
Commercial Sale
Property SubType :
Mixed Use
Listing ID :
832107
Price :
$3,750,000
Bathrooms Total :
0
Building Area :
1,370 Sqft
Status :
Active
Status :
Active
Listing Office :
B Square Realty
Listing Agent :
Li Li
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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