Mixed Use Development - Jamaica avenue mixed use development site richmond hills queens

Development opportunity
with 12,200 Buildable SF for
Mixed Use Development in the
Heart of Richmond Hill
#2 Conveniently Located within a
Two-Minute Walk to the J&Z
Subway Lines at 121st Street
#3 Situated a few lots east of the
Jamaica Avenue, Lefferts
Boulevard, Myrtle Avenue
Intersection
#4 Neighborhood Surroundings
Include:
• Forest Park (0.8 mi)
• Jamaica Hospital Medical Center (0.9 mi.)
• JFK Airport (4.0 mi.)
42’ WIDE

PROPERTY SUMMARY
THE OFFERING
Property Address Jamaica Avenue
Neighborhood Richmond Hill

Gross Lot SF 4,074 SF (approx.)
Lot Dimensions 42' x 97' SF (approx.)
ZONING INFORMATION
Zoning R6A, C2-4
Floor Area Ratio (As-of-Right) 3.00
Buildable SF (As-of-Right) 12,222 SF (approx.)
Commercial FAR (As-of-Right) 2.00
Buildable SF (As-of-Right) 8,148 SF (approx.)
NYC TAX INFORMATION
Assessment (22/23) $114,750
Tax Rate 10.646%
Taxes (22/23) $12,216
Tax Class 4
FINANCIAL SNAPSHOT
Asking Price $1,500,000
Price Per Buildable SF $123