| Description: 7310001 |
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DEVELOPMENT SITE â?? R8A / SPECIAL DOWNTOWN JAMAICA DISTRICT. Rare opportunity to acquire a 25 x 100 lot (2,500 SF) rezoned under the 2025 Jamaica Neighborhood Plan, delivering over 8x the density of the prior zoning. Build up to 15,050 BSF as-of-right (6.02 FAR) or up to 18,000 BSF with the Universal Affordability Preference bonus (7.20 FAR). Community facility FAR of 6.50 allows 16,250 BSF. Max height approx. 120 ft as-of-right, 135 ft with qualifying affordable housing. Currently improved with a 2.5-story detached 1-family (approx. 1,800 SF, built 1925), delivered in place â?? ideal for land banking, assemblage, or immediate development filing. Approx. 13,250 SF of unused as-of-right development rights. Steps from the Sutphin Blvdâ??Archer Ave hub: LIRR, E/J/Z subway & JFK AirTrain. Priced at $86/BSF as-of-right, $72/BSF with UAP â?? below recent guidance on nearby institutional assemblages. Block 10033, Lot 6. All zoning figures are estimates; buyer to verify with own architect and zoning counsel.
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Details: |
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Property Type: |
House |
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Acres: |
0.06 |
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School District: |
Queens 28 |
Financials: |
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Price: |
$1,295,000 |
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Taxes: |
$5,267 |
NY Space Finders, Inc.
Dillon D. Depinto
Office: 718-440-8162
Contact
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