Jamaica Development Assemblage (660K+ Buildable SF)
661,000 Buildable SF - For Sale or Ground Lease
Investment highlights
Scale: Approximately 55,079 SF lot offers the opportunity to develop large-format residential or mixed-use product, an increasingly scarce opportunity within Jamaica Center.
Mandatory Inclusionary Housing: Mandatory inclusionary housing zone provides a bonus of 110,158, bringing total buildable to 660,948 buildable SF.
Community Facility: The site supports 550,790 buildable SF for qualifying community facility use.
Jamaica Neighborhood Plan: Situated in the core of the recent Jamaica Neighborhood Plan rezoning, the site is positioned to capitalize on one of New York City’s most significant rezonings, supporting long-term residential and mixed-use development.
Desirable Dimensions: 324’ x 200’ footprint presents developers with optionality in massing out the site while maintaining efficiency and optimal apartment layouts.
Frontage: Extensive dual frontage along 95th Avenue (approximately 324 feet), and 94th Avenue (approximately 225 feet) enhances site access and visibility, offering flexibility for mixed use and community facility development.
Delivered Vacant: Property will be delivered 100% vacant, offering a blank slate for development.
Proximity To Transportation: Situated within the Jamaica Center transportation hub, the property is a 5-minute walk from the LIRR, JFK AirTrain, and the E, J, and Z subway lines, offering direct connectivity to Manhattan and JFK Airport.
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