Great investment in Queens. Mixed use land commercial & residential. The land has been demolished an ready for architect plans. The subject property is a 58' x 132' development site located at 172-16 (Block 10213, Lot 7) in downtown Jamaica Queens. The single vacant lot is zoned R6A/C2, except for 32' at the rear of the lot which is zoned R5 (FAR 1.25). The subject property would give a developer the opportunity to develop a building with a maximum height of 70' (30' R5) and a buildable area of approximately 24,380 square feet (17,400 R6A; 2,320 R5). The subject property fronts 59' on Jamaica Avenue, a major commercial thoroughfare, and is a few blocks from the 165th Street bus depot, the 169th Street F-train, the recently completed Home Depot, the site of a major NYCEDC proposed development, and many other short-term and long-term planned developments. Price : $2,000,000 Down Payment 100% $2,000,000 Lot Size (SF) 7,656 Price/SF $261.23 Lot Size (Acres) 0.1761 Price/Acre $10,789,324 Buildable SF 24,380 Price/Buildable SF $82.03 Lot Dimensions 58' x 132' Type of Ownership Fee Simple Assessor's Parcel Number 10213-0007 Zoning : R6A/C2; R5 Taxes : $11,977.68 Tax Year : 2012 Frontage 59' on Jamaica Avenue Neighborhood Description Many new chain stores came to this area, such as Bank of America, Dunkin Donuts, Marshalls and more.
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