Parsons Boulevard (Block 9754 Lot 25)
Jamaica, NY 11432

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of PARSONS BOULEVARD LAND (BLOCK:9754 LOT: 25) - in Jamaica, Queens.

The subject property is a 104’ wide unimproved plot of land on the west side of Parsons Boulevard just north of Jamaica Avenue. The property is zoned C4-5X with an R7X equivalency and allows up to 39,000 buildable SF (ZFA). The developer will have the option to purchase additional air rights from the seller from Lot 11 through a zoning lot development agreement at closing. Based on current zoning regulations we estimate the zoning envelope allows for +/- 81,000 buildable sq. ft. (ZFA). Based on the proposed City of Yes zoning reforms, we estimate the zoning envelope may allow up to +/- 100,000 buildable sq. ft. (ZFA). Notably, Jamaica is undergoing a Neighborhood Plan process which could rezone the subject property to C6-3A (R9A).

The site is one block from the E – J – Z subway lines at Jamaica Center, offering access to Manhattan, Brooklyn, and Central + Western Queens, in addition to the Jamaica LIRR and JFK AirTrain.