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INVESTMENT HIGHLIGHTS
- Shovel Ready with Approved Plans for a 221-Key Hotel
- Directly across from the Jamaica LIRR & JFK AirTrain Hub
- 111,000 ZFA for a Hotel or Residential/Mixed-Use Project
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | Total Lot Size | 0.16 AC | |
| No. Lots | 1 | Cross Streets | 94th Avenue |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | C6-4 | ||
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.16 AC |
| Cross Streets | 94th Avenue |
| Opportunity Zone |
Yes |
| Zoning | C6-4 |
1 LOT AVAILABLE
Lot
| Lot Size | 0.16 AC |
| Lot Size | 0.16 AC |
DESCRIPTION
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 93-43 SUTPHIN BOULEVARD — Downtown Jamaica, Queens NY. The subject property is a ~7,000 square foot lot at the northeast corner of Sutphin Boulevard & 94th Avenue. The property is directly adjacent to the Jamaica Transit Hub with access to the LIRR, MTA subway (E, J, Z), JFK AirTrain, and multiple bus lines. The property is currently a vacant, unimproved lot which is zoned C6-4 with an R10 equivalency. The property is ideal for a mixed-use or hotel development project. The C6-4 zoning allows for a 9.0 FAR as-of-right and a 12.0 FAR for commercial or through the inclusionary housing bonus. The property has ~84,000 buildable SF plus 27,000+ SF of additional air rights for a total allowable zoning floor area of nearly 111,000 SF. In addition, the property has approved plans for a 26-story, 221-key, ~130,000 SF hotel project.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $591,800 CAD | Total Assessment | $591,800 CAD |
PROPERTY TAXES
Presented by
93-43 Sutphin Blvd
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