Contacts

Brian Sarath

Cushman & Wakefield

(718) 215-1500

Property Details

Property Type Unassigned
Building Class K1
Date Updated Apr 26, 2024

We’re excited to present a prime development opportunity at 155-01 Jamaica Avenue, Jamaica, NY 11432. This strategically located property on the north side of Jamaica Avenue, between 153rd Street and Parsons Boulevard, offers a 3,144 sq. ft. retail building with 24’ of frontage. Beyond its current retail use, the property holds immense development potential, allowing for mixed-use, residential, commercial, and community facility ventures.

The property details include a lot size of approximately 25’ x 131’ (3,275 sq. ft.) and C6-3 zoning. Notably, the residential floor area ratio (F.A.R.) stands at 6.0, with the potential to reach 8.0 with an Inclusionary Housing Bonus. This translates to a residential buildable sq. ft. of approximately 19,650 sq. ft., expandable to 26,200 sq. ft. with inclusionary housing. Additionally, the commercial F.A.R. is 8.0, providing for a commercial buildable sq. ft. of approximately 26,200 sq. ft., along with a community facility buildable sq. ft. of 26,200.

The financial aspects of the property include a NYC Tax Assessment for 22/23 at $302,400, with taxes amounting to $32,960. This property’s exceptional location and flexible zoning make it an enticing prospect for developers looking to capitalize on the vibrancy of Jamaica Avenue and explore diverse development opportunities.

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Getting around

98/100
Walk Score ®
100/100
Transit Score ®
59/100
Bike Score ®

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Location

City Jamaica, NY
Neighborhood Jamaica
Zip Code 11432
Market Queens

Points of Interest

Jamaica Center - Parsons/Archer (E,J,Z)

0.08 miles
Jamaica Center–Parsons/Archer

0.08 miles
Jamaica Center - Parsons/Archer (E,J,Z)

0.08 miles
Parsons Boulevard

0.31 miles
Sutphin Boulevard-Archer Avenue JFK Station (E, J, Z)

0.37 miles
Sutphin Boulevard–Archer Avenue–JFK Airport

0.41 miles
Jamaica

0.41 miles
Sutphin Boulevard

0.51 miles
169th Street

0.64 miles
169 St & Hillside Ave, Southwest corner

0.66 miles

Hess

0.39 miles
Hillside Ave Mobil Mart

0.47 miles
Sunoco

0.51 miles
BP

0.52 miles
BP

0.68 miles
Mobil

0.70 miles
Shell

0.76 miles
BP

0.77 miles
Atlantis

0.81 miles
Mobil

0.81 miles

Queens Family Court Garage

0.17 miles
Jamaica First Parking

0.24 miles
City Parking

0.31 miles
Jamaica Colosseum Parking

0.39 miles
Home Depot Roof Parking

0.47 miles
Budhu Parking Lot

0.48 miles
Allen Cathedral Parking

1.12 miles
Littleman Parking

1.42 miles
Kew Gardens LIRR Parking

1.59 miles
Student Union Paid Parking

2.31 miles

Fairfield Inn & Suites New York Queens/Jamaica

0.26 miles
Days Inn

0.31 miles
Ramada

0.44 miles
Oyo Hotel

0.56 miles
Wingate by Wyndham Jamaica NY/ AirTrain JFK

0.58 miles
Van Wyck Motor Inn

0.59 miles
Blue Bird Inn

0.59 miles
Springhill Suites By Marriott

0.69 miles
Lexington Inn

0.73 miles
Sleep Inn & Suites

0.86 miles

Target

0.15 miles
Burlington

0.15 miles
Shoppers World

0.24 miles
Food World

0.25 miles
Red Sales

0.26 miles
Fruit & Vegetables

0.29 miles
Jamaica Colosseum

0.36 miles
Ideal Food Basket

0.37 miles
RHX Super Value

0.40 miles
Nandan Mini Supermarket And Halal Meat

0.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Map of Property

155-01 Jamaica Avenue, Jamaica, NY 11432