Description

This 40’ x 120’ development site is zoned C6-3 (R9-1 equivalent) and allows for approximately 51,840 buildable SF as-of-right under MIH, supporting around 61 residential units. The property will be delivered vacant, providing a clean slate for immediate construction, and benefits from low annual taxes of $28,935, which are expected to remain stable during and after development with the 485-x (ANNY) tax abatement. With no parking requirements under the “City of Yes” zoning initiative, developers can maximize efficiency and leasable area. Positioned within the Jamaica Neighborhood Plan, the site is located in a high-growth corridor poised for major transit and infrastructure investment.