12016 16021 20026 Jamaica - Agorafy
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. April 14, 2016 3:50 PM
148-12 ARCHER AVENUE, QUEENS, NY 11435 12,016 Buildable Sq. Ft. Jamaica Development Site | FOR SALE
12,016
16,021
Buildable Sq. Ft.
20,026
Inclusionary BSF
Jamaica
Comm. Fac. BSF
Location
th
Blvd
e venu A r e rch 38
A
ssing a Cro its c i a am Un BRP J SF & 580 k 3 2 5 ub
it rans T R IR
3 Roootmel H
H
et Stre
Sutphin
128om Ro tel Ho
150
Jamaica Avenue
Subject Property
L PROPERTY INFORMATION ADDRESS
148-12 ARCHER AVENUE, QUEENS, NY 11435
Location
South side of Archer Avenue between 148th Street and 149th Street
Block / Lot
9998 / 109
Zoning
C6-3
Special Downtown Jamaica District
FAR
6.0
8.0 w/Inclusionary Bonus
Lot Dimensions
20.01' x 100.08'
Lot Size
2,003
Sq. Ft. (Approx.)
Buildable Sq. Ft.
12,016
16,021 w/Inclusionary Bonus
Assessment (15/16)
$109,872
Taxes (15/16)
$11,708
INVESTMENT HIGHLIGHTS
LOCATION MAP
h 144t
With a workforce population of 158,000 and a student population of 301,000, downtown Jamaica is recognized as one of New York’s next Regional Centers. The recently announce Jamaica Now Action Plan will infuse $153,000,000 of public money over the next three years to transform Jamaica into a thriving residential and commercial neighborhood.
Blvd
The property lies one block from the Jamaica Transit Center serviced by the Long Island Railroad, the E, J and Z subway lines, 49 bus lines and the Air Train servicing JFK Airport. The property is well positioned as it is adjacent to the proposed Jamaica Crossing development which will contain two buildings spanning 522,000 square feet, with 96,000 sf of retail, 580 apartments and 250 parking spots as well as a 338 room hotel that is under construction on the lot immediately to the east.
Jamaica Avenue
Sutphin
t Stree
The 20’ x 100’ lot zoned C6-3 offers investors and developers the opportunity to construct a 12,000 sf building suitable for a range of uses including residential and commercial. By utilizing the Community Facility bonus available the FAR increases to 10.0 allowing for a potential building of 20,026 sf. In addition the property lies in the Inclusionary Housing district providing developers the opportunity to increase the FAR to 8.0.
eet h Str 150t
Ariel Property Advisors presents 148-12 Archer Avenue, a 2,000 square foot lot with an existing structure in the heart of Jamaica.
Subject Property
ssing a Cro amaic 80 Units J P R 5 B SF & 523k
128 Rootmel Ho
er Arch 338m Rootel Ho
LIRR Transit Hub
For more information please contact a member of our sales team.
ASKING PRICE: $1,500,000 For More Information Please Contact Our Exclusive Sales Agents Daniel Wechsler
Michael A. Tortorici
Josh Berkowitz
212.544.9500 x44
212.544.9500 x13
212.544.9500 x41
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.nyc
ue Aven
148-12 ARCHER AVENUE, QUEENS, NY 11435 12,016 Buildable Sq. Ft. Jamaica Development Site | FOR SALE
12,016
16,021
Buildable Sq. Ft.
20,026
Inclusionary BSF
Jamaica
Comm. Fac. BSF
Location
th
Blvd
e venu A r e rch 38
A
ssing a Cro its c i a am Un BRP J SF & 580 k 3 2 5 ub
it rans T R IR
3 Roootmel H
H
et Stre
Sutphin
128om Ro tel Ho
150
Jamaica Avenue
Subject Property
L PROPERTY INFORMATION ADDRESS
148-12 ARCHER AVENUE, QUEENS, NY 11435
Location
South side of Archer Avenue between 148th Street and 149th Street
Block / Lot
9998 / 109
Zoning
C6-3
Special Downtown Jamaica District
FAR
6.0
8.0 w/Inclusionary Bonus
Lot Dimensions
20.01' x 100.08'
Lot Size
2,003
Sq. Ft. (Approx.)
Buildable Sq. Ft.
12,016
16,021 w/Inclusionary Bonus
Assessment (15/16)
$109,872
Taxes (15/16)
$11,708
INVESTMENT HIGHLIGHTS
LOCATION MAP
h 144t
With a workforce population of 158,000 and a student population of 301,000, downtown Jamaica is recognized as one of New York’s next Regional Centers. The recently announce Jamaica Now Action Plan will infuse $153,000,000 of public money over the next three years to transform Jamaica into a thriving residential and commercial neighborhood.
Blvd
The property lies one block from the Jamaica Transit Center serviced by the Long Island Railroad, the E, J and Z subway lines, 49 bus lines and the Air Train servicing JFK Airport. The property is well positioned as it is adjacent to the proposed Jamaica Crossing development which will contain two buildings spanning 522,000 square feet, with 96,000 sf of retail, 580 apartments and 250 parking spots as well as a 338 room hotel that is under construction on the lot immediately to the east.
Jamaica Avenue
Sutphin
t Stree
The 20’ x 100’ lot zoned C6-3 offers investors and developers the opportunity to construct a 12,000 sf building suitable for a range of uses including residential and commercial. By utilizing the Community Facility bonus available the FAR increases to 10.0 allowing for a potential building of 20,026 sf. In addition the property lies in the Inclusionary Housing district providing developers the opportunity to increase the FAR to 8.0.
eet h Str 150t
Ariel Property Advisors presents 148-12 Archer Avenue, a 2,000 square foot lot with an existing structure in the heart of Jamaica.
Subject Property
ssing a Cro amaic 80 Units J P R 5 B SF & 523k
128 Rootmel Ho
er Arch 338m Rootel Ho
LIRR Transit Hub
For more information please contact a member of our sales team.
ASKING PRICE: $1,500,000 For More Information Please Contact Our Exclusive Sales Agents Daniel Wechsler
Michael A. Tortorici
Josh Berkowitz
212.544.9500 x44
212.544.9500 x13
212.544.9500 x41
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.nyc
ue Aven
