92-30 165 St Queens, NY 11405
This exceptional 1.8-acre development site in Queens, New York, presents a unique opportunity for a large-scale mixed-use project. Located at 92-30 165th Street, in the heart of Downtown Jamaica, this property boasts approximately 560,000+ buildable square feet, offering significant flexibility with its C6-2/R8 zoning. The expansive lot features approximately 78,000 square feet and approximately 600 feet of wraparound frontage at Archer and 165th Street, providing excellent visibility and accessibility. Its prime location offers convenient access to public transportation, being a mere 5-minute walk from the Jamaica Center subway station (E, J, Z lines), with connections to the Long Island Rail Road and the AirTrain JFK. This transit-oriented development site is poised to benefit from the Jamaica Neighborhood Plan, a comprehensive initiative focused on enhancing transportation, open space, public health and safety, housing, and economic opportunities within the community. The asking price for this remarkable development opportunity is $49,000,000. This property is zoned for both commercial and residential development. The zip code is 11405.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.