155-01 & 155-03 Jamaica Ave
Land | 6,047 SqFt | C6-4, DJ
Marketing description
An exceptional development opportunity located in the high-growth corridor of Downtown Jamaica, Queens. 155-01 and 155-03 Jamaica Avenue offer developers a 6,047 sq. ft. midblock parcel boasting 46 feet of frontage on Jamaica Avenue.
The property benefits from powerful C6-4 zoning, within the Special Downtown Jamaica District (DJ), which provides tremendous flexibility for a developer. The site allows for a substantial as-of-right development envelope with the new zoning in effect. The property's maximum development potential is approximately: 72,564 Sq. Ft. of maximum ZFA with the affordability component.
Delivered vacant, the property provides a clear path for a major ground-up construction project. This site is strategically positioned to capitalize on Downtown Jamaica's ongoing revitalization, making it a compelling opportunity to deliver a new Class-A building in one of New York City's most dynamic emerging submarkets.
Investment highlights
- Prime Location: Situated in the heart of Downtown Jamaica, this 6,047 square-foot midblock lot offers excellent development potential in one of NYC's most vibrant neighborhoods. Across from the very high traffic Social Security Office.
- Development Opportunity: Ideal for both market-rate and affordable housing projects, this property leverages favorable zoning regulations to maximize its potential.
- Parking Optional: Under the City Of Yes for Housing Opportunity, parking mandates in this location have been completely waived and is optional for new development.
- Fire Easement in the rear lot allows for access during and after construction.
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