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92-30 165th St
Jamaica, NY 11433

$49,000,000 USD

Land For Sale  •  1.78 AC

Property Details

  • Property Type Land
  • Lot Size 1.78 AC
  • Zoning C6-2, R*
100 Transit Score
98 Walk Score

Description

The Property is currently operating as a multi-level parking garage and is situated on a ~1.8-acre (~78,000 SF) parcel with over 575’ of wraparound frontage along Archer
Avenue & 165th Street. The Proper ty sits in C6-2 zoning with an R8 equivalency, within the Special Downtown Jamaica District, with a potential zoning floor area of +/- ~504,000 SF as-of-right or +/-604,000 through the Universal Affordability Preference (UAP). The scale and footprint of the Property allow for several rare benefits in a new
development. In an emerging area like Downtown Jamaica, there is a demand for new construction residential residences, professional space, and retail. Unlike other
neighborhoods in Queens which are at capacity in terms of growth, Jamaica is in a place where it not only has the demand but the economic drivers to facilitate that growth and improve quality of life.

Highlights

Size & Scale - 600,000+ ZFA Development Site
Rare Footprint & Frontage - 78,000 SF Lot, 1.8-acres
Transit Oriented Development - Short Walk to Jamaica Center Station (E, J, Z subways)

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Jamaica Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 2 min 15 min 0.8 mi
Hillside Facility (Hempstead Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) 2 min - 1.2 mi
Transit/SubwayDriveWalkDistance
Jamaica Center-Parsons/Archer (E - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
169 Street (F - New York MTA Subway (The Subway)) 1 min 12 min 0.7 mi
Parsons Boulevard (F - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
Sutphin Boulevard-Archer Avenue-Jfk Airport (E - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 2 min 14 min 0.7 mi
Jamaica-179 Street (F - New York MTA Subway (The Subway)) 2 min 20 min 1.1 mi
AirportDriveWalkDistance
John F Kennedy International 9 min - 6.2 mi
Laguardia 15 min - 8.5 mi
Newark Liberty International 41 min - 28.2 mi
Stephen Preuss 718-663-2639 Ripco Real Estate
Stephen Preuss 718-663-2639 Ripco Real Estate