101-20 Jamaica Avenue
101-20 Jamaica Avenue, New York City, NY 11418
Marketing description
Marcus & Millichap is pleased to present 101-20 Jamaica Avenue — a 6,800 SF two-story masonry and steel-joist retail building on a 6,490 SF lot in Richmond Hill, Queens, roughly one-tenth of a mile from the J / Z at 102nd Street. The building is delivered vacant at closing, free and clear of debt.
Built in 1910 with heavy timber-and-steel framing, two drive-in bays, and high lift-ready ceilings, the building currently operates as an auto-repair and inspection shop. The C2-4 commercial overlay permits retail, medical, religious, food, and showroom uses by-right — a turnkey owner-user box.
R6A / C2-4 zoning inside the FRESH Zone and transit area permits 3.0 residential FAR (3.6 with inclusionary housing) and 2.0 commercial FAR. Against 1.05 current FAR, the parcel carries 9,150 SF of unused floor area and 15,965 SF of as-of-right buildable — parking waived, 485-x available for 35 years.
Offered at $2,900,000 — $426 per square foot — the asset underwrites three ways: occupy it, build it, or assemble it with the adjacent 101-24 for ~50.5 ft of frontage and 23,720 SF of combined buildable.
Investment highlights
- TURNKEY OWNER-USER BOX: A 6,800 SF C2-4 building delivered vacant and free of debt — occupy from day one with no buildout or permitting lag.
- HEAVY-FRAME CAPACITY: 1910 masonry with steel-joist and timber framing, two drive-in bays, and high lift-ready ceilings you cannot replicate at this basis.
- 9,150 SF UNUSED FAR: As-of-right capacity for a 6-8 story build inside the FRESH Zone and transit area — parking waived, 485-x available.
- ASSEMBLAGE OPTIONALITY: Shares a party line with 101-24 next door — together, ~50.5 ft of frontage and 23,720 SF of combined buildable.
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