Jamaica Mixed-Use Development
For Sale
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139-40 Hillside Ave., New York, NY 11435
High-density mixed-use development site in Jamaica, Queens.
Property Size75,600 SF
Lot Size0.24 Acres
Days on Market158
Property Features for 139-40 Hillside Ave.
General Information
Standard status
Active
Size
75,600 SF
Lot size
0.24 Acres
Property subtype
Land, Mixed Use, Multifamily, Retail
Zoning
C4-4D
Investment Type
Redevelopment
Listing Agency:
Marcus & Millichap - Manhattan
(646) 345-7000
Listed By:
Jakub Nowak · License #NY 10301211147
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 21 at 10:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
Located on Hillside Avenue in Jamaica, Queens, 139-40 Hillside Avenue presents a mixed-use development opportunity. The 10,500-square-foot lot is zoned C4-4D with MIH applicability, allowing for approximately 75,600 square feet of development. The potential layout could create rentable square footage ranging between 85,000 and 95,000 square feet. Zoning permits the construction of a 14-story mixed-use development with an optimal unit count between 84 and 99 apartments, supported by ground-floor commercial space. The location benefits from adjacency to major transit, dense surrounding residential neighborhoods, and ongoing infrastructure investment. Ground-floor commercial space of up to 10,500 square feet is suitable for neighborhood-serving uses, including retail, medical office, or service-oriented tenancy. The 30% MIH requirement enables eligibility for 485-x tax abatements, City-of-Yes bonuses and potentially city-backed financing programs. The zoning, scale, and commercial frontage allow for outpatient medical or ambulatory healthcare tenancy as part of the ground-floor program. The scarcity of similarly entitled buildable sites of this scale in Jamaica enhances the opportunity.
Key Highlights
- High‑density mixed‑use development opportunity with approximately 75,600 buildable square feet.
- Potential for a 14‑story mixed‑use building with 84 to 99 apartments and 10,500 square feet of ground‑floor commercial space.
- Immediate adjacency to major transit and dense residential neighborhoods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - High-density mixed-use development site in Jamaica, Queens.
Where is this commercial land located?
The property is located at 139-40 Hillside Ave. New York, NY.
What are key features of this property?
This property features: High‑density mixed‑use development opportunity with approximately 75,600 buildable square feet.; Potential for a 14‑story mixed‑use building with 84 to 99 apartments and **10,500 square feet of ground‑floor commercial space**.; Immediate adjacency to major transit and dense residential neighborhoods.
