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9040 Parsons Blvd - Jamaica Covered Land Play 0.09 Acres of Commercial Land Offered at $3,857,000 CAD in Jamaica, NY 11432
Investment Highlights
- 54’ x 74’ Lot Zoned C6-3/C4-5X
- Covered Land Play – Projected Net Income of $169,234.
- Proposed Zoning: C6-4, C6-3X – 12 FAR
- 26,166 BSF (Market). 31,389 BSF with UAP.
- Located within Jamaica Neighborhood Plan
- Proximity to E,J,Z Subway Lines, LIRR, AirTrain
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $3,857,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.09 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | C6-3, C4-5X | ||
| Price | $3,857,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.09 AC |
| Opportunity Zone |
Yes |
| Zoning | C6-3, C4-5X |
1 Lot Available
Lot
| Price | $3,857,000 CAD | Lot Size | 0.09 AC |
| Price Per AC | $42,298,625.43 CAD |
| Price | $3,857,000 CAD |
| Price Per AC | $42,298,625.43 CAD |
| Lot Size | 0.09 AC |
Description
For the first time in 40 years, an unparalleled development opportunity has emerged on one of Jamaica's most prominent corridors. 90-40 Parsons Boulevard presents a prime development site, encompassing a substantial 3,972 square foot lot with an exceptional Walk Score of 98. Zoned C6-3/C4-5X with a Floor Area Ratio (FAR) of 6.59 or 7.90, this property allows for a significant buildable area of 26,166 Sq. Ft., expanding to 31,389 Sq. Ft. with the UAP. For visionary developers poised to capitalize on potential upzoning, the future ZFA for this property could further increase to approximately 43,284 Sq. Ft. with the affordability component, offering immense development potential. Strategically located just a few short blocks from the LIRR Jamaica station, this site offers seamless and rapid access to Manhattan, cementing its appeal for future residents or commercial tenants. Currently, the property comprises two existing buildings housing two residential units, one office, and three ground-floor retail spaces, generating a current projected annual income of $234,000. This property is exceptionally well-suited for a discerning rental developer or a strategic investor looking to capitalize on the robust growth and immense potential of Downtown Jamaica's booming real estate market. This is a rare chance to secure a significant footprint in one of New York City's most dynamic and rapidly evolving neighborhoods.
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9040 Parsons Blvd - Jamaica Covered Land Play
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