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    101-01 Jamaica Ave Richmond Hill, NY 11418

    For Sale
    $2,350,000

    LAND - Richmond Hill, NY

    Days on Market:
    26
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 101-01 Jamaica Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Keller Williams Realty Landmark (718) 475-2777 [email protected]

    Listing agent Deirdre A. Folan (917) 251-4499

    Listing date Nov 10, 2025

    MLS# 910648 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Hill Development Opportunity

    This corner property, located in the heart of Richmond Hill, offers a unique development opportunity. The site is 8,734 square feet and has approved plans for a 4-story building with 20 residential units, with flexibility for additional expansion without variance. The property is eligible for 485(X) tax abatement and Opportunity Zone incentives, allowing for the construction of up to 34 affordable housing units. Alternatively, a mixed-use development could be constructed, allowing for a 4,000 square foot community facility plus 25 market-rate apartments. The location is close to transportation and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.846379
    Latitude
    40.695291

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    FAQs

    What type of property is this?
    Commercial land - Corner property with approved plans for residential development.
    Where is this commercial land located?
    The property is located at 101-01 Jamaica Ave Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Approved plans for a **4-story building with 20 residential units.**; - **Corner property in the heart of Richmond Hill.**; - Opportunity for expansion without variance.
    (917) 251-4499
    Request Owner's contact information
    101-01 Jamaica Ave Richmond Hill, NY 11418
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    Richmond Hill, NY 11418
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101-01 Jamaica Ave Richmond Hill, NY 11418
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