Prime Development Site - Ready to Build!
This exceptional 33 x 86 ft. lot presents a rare opportunity for developers. With plans in place and permits already secured, this project is shovel-ready and poised for immediate construction.
Key Highlights:
• Approved Plans & Permits: Skip the lengthy approval process – this site is ready to build!
• 33-Year Tax Abatement Filed: Benefit from significant long-term tax savings.
• R7 Zoning: Allows for an eight-story building.
• Parking Waived: Reduces construction costs and maximizes buildable area.
• Soil Tests Completed: Ensures a solid foundation for your project.
• High FAR (12,000 approx.): Potential to build approximately 20 units.
• Ideal Location: Located in the Heart of Jamaica. Close to public transportation, schools restaurants and shopping. Just off of Hillside Ave.
Investment Potential:
This property offers an excellent opportunity to capitalize on the growing demand for housing in this desirable area. The combination of approved plans, a long-term tax abatement, and a prime location makes this a exceptional investment with long term appreciation in sight considering the improvements and development going on in this area.
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2024 OneKey™ MLS, LLC