172-16 Jamaica Avenue, #1, JAMAICA, NY 11432

Great investment in Queens. - Mixed use land commercial & residential.The land has been demolished an ready for architect plans. - Build up to 2 floors commercials and additional 7 floors residential. -The subject property is a 59' x 132' development site located at 172-16(Block 10213, Lot 7) in downtown Jamaica Queens.The single vacant lot is zoned R6A/C2, except for 32' at the rear of the lot which is zoned R5 (FAR 1.25).The subject property would give a developer the opportunity todevelop a building with a maximum height of 70' (30' R5) and abuildable area of approximately 24,380 square feet (17,400 R6A; 2,320R5).The subject property fronts 59' on Jamaica Avenue, a major commercialthoroughfare, and is a few blocks from the 165th Street bus depot, the169th Street F-train, the recently completed Home Depot, the site of amajor NYCEDC proposed development, and many other short-termand long-term planned developments.Lot Size (SF) 7,656Lot Size (Acres) 0.1761Price/Acre $10,789,324Buildable SF 24,380Lot Dimensions 58' x 132'Type of Ownership Fee SimpleAssessor's Parcel Number 10213-0007Zoning : R6A/C2; R5Taxes : $11,977.68Tax Year : 2013Frontage 59' on Jamaica Avenue