JAMAICA -Development Property for Sale $4,300,000 $4.3M + All offers must be with No mortgage contingencies Property is sold "AS IS" Address: 178-06 90th Avenue, Jamaica NY Rare Development Opportunity in Jamaica Property Information Section: 4 Block: 9894 / Lots: 47, 48, 51 Lot Size: 90.1' x 115.10' (approx.) Total Lot Area: 8,449.75 SF (approx.) Max FAR: 4.80 Total Buildable SF: +/- 40,000 SF (approx.) Combined Assessment: $271,710 Combined Taxes: $43,704 A development site on 90th Avenue in Jamaica. The subject property has approved plans for a +/- 40,000 SF community facility. The property includes three contiguous lots totaling 8,449,75 SF. The site has foundations in place, and most pre-development expenses have already been paid, and will be included in the acquisition. Inquire for additional information regarding an appraisal, phase I environmental survey, and plans. Seller will deliver the property, Free and Clear of ALL Liens, etc.. upon Closing Day. NOTE: THIS PROPERTY (Under the Use Group 3 & 4) IS IDEAL FOR MULTIPLE USES SUCH AS: Nursing Home Senior House Living Dorms for College Student College and / or Any type of Education Facility Non - Profit / and or Government Agency Hospital, Rehab Center Medical Institution, etc.... Property Summary: Approved Plans for +/- 40,000 BSF Community Facility Planned / Underway / Completed: If someone wants to use it as an R6 Zoning, they need to go for a variance Zoning: R6 (Vested) Can build 28,560- 4 story building with 24 Units and 20 Parking spaces with free parking if they don't have valet But it is best to build as mentioned above Some of the Projects in the area: Hotels & Mixed-Use Developments The Crossing at Jamaica Station - Underway A Mary Immaculate Hospital Redevelopment B Hampton Inn & Suites C Marriot Courtyard / Fairfield Inn D The Norman Towers - Complete E Moda, Upgraded Living - Complete F Greater Jamaica Development Corporation - Planned
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