14105 109th Ave
0.75 Acres of Commercial Land Offered at $10,360,000 in Jamaica, NY 11435
INVESTMENT HIGHLIGHTS
- Known as a dynamic and thriving borough, Queens, NY has established itself as a national leader in economic growth and stability.
- The property offers the potential for the construction of a high-quality residential development consisting of 56 units (±74,000 SF).
- The property includes designated underground parking areas that can accommodate up to 39 vehicles, ensuring convenience for residents and patrons.
- The property spans a significant land area, with a lot size of ±33,000 SF (0.75 acres), providing ample space for the envisioned development.
- Situated in the heart of the New York metropolitan area, Queens embraces a rich history and a diverse cultural heritage.
EXECUTIVE SUMMARY
Mohr Partners Inc., is pleased to present the following investment opportunity in the heart of Queens, New York. This offering memorandum provides detailed information
about a unique property located at 141-05 109th Ave, offering tremendous potential for a residential and retail development project. With its advantageous zoning and scarce
availability of land in the area, this property presents an extraordinary opportunity for investors and developers. This property is available with all the development
rights for $13,000,000. Situated in the Jamaica neighborhood of Queens, one of the most sought-after boroughs of New York City, this property benefits from excellent connectivity and a thriving community. The area is known for its diverse neighborhoods, cultural attractions and vibrant commercial centers, making it an ideal location for a residential and retail development project. Residents will enjoy convenient access to schools, parks, shopping centers, restaurants, and public transportation options.
about a unique property located at 141-05 109th Ave, offering tremendous potential for a residential and retail development project. With its advantageous zoning and scarce
availability of land in the area, this property presents an extraordinary opportunity for investors and developers. This property is available with all the development
rights for $13,000,000. Situated in the Jamaica neighborhood of Queens, one of the most sought-after boroughs of New York City, this property benefits from excellent connectivity and a thriving community. The area is known for its diverse neighborhoods, cultural attractions and vibrant commercial centers, making it an ideal location for a residential and retail development project. Residents will enjoy convenient access to schools, parks, shopping centers, restaurants, and public transportation options.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $10,360,000 |
| Price Per AC | $13,813,333.33 |
| Lot Size | 0.75 AC |
The property spans a significant land area, with a lot size of ±33,000 SF (0.75 acres), providing ample The property includes designated underground parking areas that can accommodate up to 39 vehicles, ensuring convenience for residents and patrons.
DESCRIPTION
Residential;/retail development project in Jamaica, Queens.
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PROPERTY TAXES
| Parcel Number | 10068-0205 | Improvements Assessment | $130,500 |
| Land Assessment | $31,950 | Total Assessment | $162,450 |
ZONING
| Zoning Code | R6B/C2-3 (Property is zoned as a R6B district with a C23 commercial overlay, allowing for a 56-unit residential development with three retail spaces and parking) |
