89-10 150th Street, Jamaica, NY 11435

Prime Jamaica Development Site For Sale

89-10 150th Street is a 50' x 126' lot in Downtown Jamaica currently occupied by a (3) family house. This provides the rare opportunity for a developer/investor to build a ~30,000 SF residential building facing Rufus King Park. The lot is located 5 minutes from the Jamaica Transportation Hub, which provides access to (4) subway lines, the Long Island Railroad, and the Air Train. The area has seen tremendous public and private investment in recent years, which has yet to translate into a sharp increase in land prices. The average New Development 1-Bedroom Rents in Jamaica are $2,045 (net effective). The property is currently cash flowing, but can be delivered vacant. This is one of the last remaining development sites on Rufus King Park. This site is located within a designated Opportunity Zone.