$3,250,000

10101 Jamaica Avenue , Richmond Hill, NY 11418

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:1,370 sqft
Lot:Unknown
Year Built:--
Listing Status:Active
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

This prime 8,734 square-foot corner lot presents a rare development opportunity in a high-demand location. Currently approved for a four-story building with 20 residential units, the property offers significant potential for expansion. With a revised architectural plan, the space can be optimized without requiring a variance, allowing for greater flexibility and maximizing value. Developers have the option to build up to 34 affordable housing units, benefiting from 485(x) tax abatements and Opportunity Zone incentives, or pursue a mixed-use development featuring a 4,000-square-foot community facility alongside 25 market-rate apartments. The strategic location and zoning flexibility make this an exceptional investment opportunity.

Detailed Items

Other Information

10101 Jamaica Avenue, Richmond Hill, NY, 11418 is a commercial sale listing of 1,370 sqft on a lot of Unknown. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property10101 Jamaica Avenue, Richmond Hill, NY
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