Assignments

Guy R. Brewer Development Site

92-36 Guy R Brewer Blvd, Jamaica, NY 11433

92-36 Guy R Brewer Blvd, Jamaica, NY 11433

under contract

Asking
Sale Price
$
4095000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
4095000
Sale Price
$
Buildable SF
43296
Building SF
43296
LOT SF
43296
Cap RATE
%
Zoning
C6-3 (R9 Equiv)

Highlights

- 40’ x 120’ Lot Zoned C6-3(R9-1 Equiv.): Allows for 51,840 BSF As Of-Right (MIH). Approx 61 Units.

- Delivered Vacant: Clean Slate for Project Construction.

- Low Taxes: $28,935/Year in taxes, to remain the same during and post-development with 485-x (“ANNY”) Tax Abatement.

- No Parking Mandates: Leverages "City of Yes" zoning to eliminate parking requirements, maximizing building efficiency and net leasable area.

- Jamaica Neighborhood Plan:. Ideally positioned within a high growth corridor targeted for significant transit and infrastructure investment.

Property DEscription

Landair Advisors has been retained as exclusive agent to arrange the sale of 92-36 Guy R Brewer Blvd, Jamaica, NY 11433 (“the Property”). The property consist of a 3,856 Sq. Ft. building built on a 4,800 Sq. Ft. Lot.  Zoned C6-3 (R91 Equiv.), the property can accommodate a total of 51,840 Sq. Ft. As-of-right (MIH), or approximately 61 units. Located on a Mid-block lot between Jamaica Avenue and Archer Avenue, the property was recently rezoned to C6-3 (R9-1 Equiv.) as part of the Jamaica Neighborhood Plan rezoning. It’s location on the Guy R Brewer retail thoroughfare should allow for strong retail interest from potential tenants. With a simple floorplate, the property will allow a clean development slate that will interest experienced developers. Additionally, it’s location near public transportation should draw strong interest from residential tenants and retails alike. The property will be delivered vacant at closing. Contact listing agent for additional details.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com
Michael Lam
Associate
(917) 536-3676
mlam@landairnyc.com

Documents

Offering Memorandum
Data Room

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