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Parsons Boulevard (Block 9754 Lot 25) - Development Site on Parsons Boulevard

0.18 Acres of Commercial Land in Jamaica, NY 11432

Investment Highlights

  • 100'+ Wide Mixed-Use Development Site
  • Vacant land / Demolition already complete
  • Steps to Jamaica Center Subway Station + Jamaica Avenue Retail Hub

Property Facts

Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Storefront, Retail or Residential
Total Lot Size 0.18 AC

1 Lot Available

Lot

Lot Size 0.18 AC

Description

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of PARSONS BOULEVARD LAND (BLOCK:9754 LOT: 25) - in Jamaica, Queens. The subject property is a 104’ wide unimproved plot of land on the west side of Parsons Boulevard just north of Jamaica Avenue. The property is zoned C4-5X with an R7X equivalency and allows up to 39,000 buildable SF (ZFA). The developer will have the option to purchase additional air rights from the seller from Lot 11 through a zoning lot development agreement at closing. Based on current zoning regulations we estimate the zoning envelope allows for +/- 81,000 buildable sq. ft. (ZFA). Based on the proposed City of Yes zoning reforms, we estimate the zoning envelope may allow up to +/- 100,000 buildable sq. ft. (ZFA). Notably, Jamaica is undergoing a Neighborhood Plan process which could rezone the subject property to C6-3A (R9A). The site is one block from the E – J – Z subway lines at Jamaica Center, offering access to Manhattan, Brooklyn, and Central + Western Queens, in addition to the Jamaica LIRR and JFK AirTrain.

Walk Score ®
Very Walkable (88)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code C4-5X, R7X
C4-5X, R7X
  • Listing ID: 34069288

  • Date on Market: 12/3/2024

  • Last Updated:

  • Address: Parsons Boulevard (Block 9754 Lot 25), Jamaica, NY 11432

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