166-19 Jamaica Ave. Queens, NY - Agorafy
166-19 Jamaica Ave. Queens, NY INCREDIBLE RETAIL OPPORTUNITY
In Heart of Thriving Jamaica Avenue Retail Corridor FOR SALE Property Features Location Block / Lot Lot Dimensions: Lot Area SF Building Dimensions Stories Ground Floor SF Second Floor SF Third Floor SF Above Grade SF Zoning FAR Base Community Facility Inclusionary Maximum Buildable SF Existing Above Grade SF Additional Air Rights Assessment (15/16) Taxes (15/16)
North side of Jamaica Avenue between Merrick Blvd and 168th Street 9796 / 11 20' x 100' (Approx.) 2,000 (Approx.) 20’ x 100’ (Approx.) 3 + Basement Storage 2,000 (Approx.) 1,010 (Approx.) 1,010 (Approx.) 4,020 (Approx.) C6-2/DJ Commercial FAR Total Buildable SF 6.0 12,000 -
FAR 5.4 6.0 7.2
12,000 4,020 7,980
Residential Total Buildable SF 10,800 (Approx.) 12,000 (Approx.) 14,400 (Approx.) 14,400 4,020 10,380
(Approx.) (Approx.) (Approx.)
$1,082,700 $115,676
Asking Price: $3,850,000
Property Description Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 166-19 Jamaica Avenue, a prominent 3 story retail property located in the heart of Jamaica’s premier retail corridor. Situated on the north side of Jamaica Avenue between Merrick Boulevard and 168th Street, the opportunity features 20’ of valuable frontage that provides excellent visibility and benefits from tremendous pedestrian and vehicular traffic. The property contains approximately 4,020 square feet of above grade space and possesses approximately 7,980 square feet of additional air rights for future commercial expansion or approximately 10,380 square feet of air rights for future residential development in the burgeoning neighborhood. Tenants also benefit from expansive basement storage that boasts generous ceiling heights. In its present state, 166-19 Jamaica Avenue is occupied by Nine West on a month-to-month basis but will be delivered vacant upon sale, providing future ownership complete control of the asset immediately.
In addition to the favorable floor plate, the asset features excellent exposure through significant signage potential on the sidewalk awning and building façade. The property is also conveniently located within close proximity to major transportation hubs including the F, E, J and Z subway lines that serve over 15.6 million individuals annually and over 40 bus lines that span throughout Queens and Long Island. A 300 space parking lot is also located directly behind the asset that provides ample parking for countless daily shoppers. Jamaica Avenue has emerged into one of the most desirable retail enclaves of any New York City borough that is celebrated for its variety of high quality retailers including Gap, McDonald’s, Cookie’s, Marshall’s, Rainbow, Telco, Radio Shack and Dunkin Donuts, to name a few. Given the favorable location, 166-19 Jamaica Avenue represents an incredible opportunity for investors and end-users seeking a tremendous retail property in New York City.
For More Information, Please Contact: Robert Knakal
Jonathan Hageman
Brian Sarath
Patrick Yannotta
Michael Wuest
Chairman Director Director Senior Associate Associate (212) 660 7777 (212) 660 7773 (718) 512 2616 (212) 660 7791 (718) 512 2634 [email protected] [email protected] [email protected] [email protected] [email protected]
Cushman & Wakefield 275 Madison Ave, 3rd Fl New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
166-19 Jamaica Avenue Queens, NY Retail Map
Paradise Decorators
Asking Price: $3,850,000
Don’t Panic
Jamaica Gold Electronics for Best
166-19 Jamaica Ave
Fino Menswear Boss Beauty Feel Beauty Supply
St re e t
9 1 ST AV E
Pedestrian Mall
Zan Jewelry
Wizard of Eye’s
Gabriella
Me r r i ck B o u l evard ABC Wigs Terminal Lingerie Joey Pepperoni’s Pizza Jean Star
Star Wireless Pretty Woman Hot Point Ladies
20’
LOT 11
100’
Total Home Decorations
J a m a i c a
BLOCK 9796 1 6 8 TH S T
Fashion Corner
M E R R I C K B LV D
165
th
J A M A I C A AV E
A v e n u e
Blue Angel’s
166-19 Jamaica Ave
All U Need Furniture Fulton Furniture
1 6 8 th S t r e e t S.H. Laufer Vision World Fulton Furniture AV Fabrics Albee Fabrics Kennedy Fried Chicken
For More Information, Please Contact: Robert Knakal
Jonathan Hageman
Brian Sarath
Patrick Yannotta
Michael Wuest
Chairman Director Director Senior Associate Associate (212) 660 7777 (212) 660 7773 (718) 512 2616 (212) 660 7791 (718) 512 2634 [email protected] [email protected] [email protected] [email protected] [email protected]
Cushman & Wakefield 275 Madison Ave, 3rd Fl New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
In Heart of Thriving Jamaica Avenue Retail Corridor FOR SALE Property Features Location Block / Lot Lot Dimensions: Lot Area SF Building Dimensions Stories Ground Floor SF Second Floor SF Third Floor SF Above Grade SF Zoning FAR Base Community Facility Inclusionary Maximum Buildable SF Existing Above Grade SF Additional Air Rights Assessment (15/16) Taxes (15/16)
North side of Jamaica Avenue between Merrick Blvd and 168th Street 9796 / 11 20' x 100' (Approx.) 2,000 (Approx.) 20’ x 100’ (Approx.) 3 + Basement Storage 2,000 (Approx.) 1,010 (Approx.) 1,010 (Approx.) 4,020 (Approx.) C6-2/DJ Commercial FAR Total Buildable SF 6.0 12,000 -
FAR 5.4 6.0 7.2
12,000 4,020 7,980
Residential Total Buildable SF 10,800 (Approx.) 12,000 (Approx.) 14,400 (Approx.) 14,400 4,020 10,380
(Approx.) (Approx.) (Approx.)
$1,082,700 $115,676
Asking Price: $3,850,000
Property Description Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 166-19 Jamaica Avenue, a prominent 3 story retail property located in the heart of Jamaica’s premier retail corridor. Situated on the north side of Jamaica Avenue between Merrick Boulevard and 168th Street, the opportunity features 20’ of valuable frontage that provides excellent visibility and benefits from tremendous pedestrian and vehicular traffic. The property contains approximately 4,020 square feet of above grade space and possesses approximately 7,980 square feet of additional air rights for future commercial expansion or approximately 10,380 square feet of air rights for future residential development in the burgeoning neighborhood. Tenants also benefit from expansive basement storage that boasts generous ceiling heights. In its present state, 166-19 Jamaica Avenue is occupied by Nine West on a month-to-month basis but will be delivered vacant upon sale, providing future ownership complete control of the asset immediately.
In addition to the favorable floor plate, the asset features excellent exposure through significant signage potential on the sidewalk awning and building façade. The property is also conveniently located within close proximity to major transportation hubs including the F, E, J and Z subway lines that serve over 15.6 million individuals annually and over 40 bus lines that span throughout Queens and Long Island. A 300 space parking lot is also located directly behind the asset that provides ample parking for countless daily shoppers. Jamaica Avenue has emerged into one of the most desirable retail enclaves of any New York City borough that is celebrated for its variety of high quality retailers including Gap, McDonald’s, Cookie’s, Marshall’s, Rainbow, Telco, Radio Shack and Dunkin Donuts, to name a few. Given the favorable location, 166-19 Jamaica Avenue represents an incredible opportunity for investors and end-users seeking a tremendous retail property in New York City.
For More Information, Please Contact: Robert Knakal
Jonathan Hageman
Brian Sarath
Patrick Yannotta
Michael Wuest
Chairman Director Director Senior Associate Associate (212) 660 7777 (212) 660 7773 (718) 512 2616 (212) 660 7791 (718) 512 2634 [email protected] [email protected] [email protected] [email protected] [email protected]
Cushman & Wakefield 275 Madison Ave, 3rd Fl New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
166-19 Jamaica Avenue Queens, NY Retail Map
Paradise Decorators
Asking Price: $3,850,000
Don’t Panic
Jamaica Gold Electronics for Best
166-19 Jamaica Ave
Fino Menswear Boss Beauty Feel Beauty Supply
St re e t
9 1 ST AV E
Pedestrian Mall
Zan Jewelry
Wizard of Eye’s
Gabriella
Me r r i ck B o u l evard ABC Wigs Terminal Lingerie Joey Pepperoni’s Pizza Jean Star
Star Wireless Pretty Woman Hot Point Ladies
20’
LOT 11
100’
Total Home Decorations
J a m a i c a
BLOCK 9796 1 6 8 TH S T
Fashion Corner
M E R R I C K B LV D
165
th
J A M A I C A AV E
A v e n u e
Blue Angel’s
166-19 Jamaica Ave
All U Need Furniture Fulton Furniture
1 6 8 th S t r e e t S.H. Laufer Vision World Fulton Furniture AV Fabrics Albee Fabrics Kennedy Fried Chicken
For More Information, Please Contact: Robert Knakal
Jonathan Hageman
Brian Sarath
Patrick Yannotta
Michael Wuest
Chairman Director Director Senior Associate Associate (212) 660 7777 (212) 660 7773 (718) 512 2616 (212) 660 7791 (718) 512 2634 [email protected] [email protected] [email protected] [email protected] [email protected]
Cushman & Wakefield 275 Madison Ave, 3rd Fl New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
