148-12 94th Ave

We’re bringing to market a rare opportunity to develop up to 660,000 BSF in the heart of the Jamaica, Queens rezoning.

This block was awarded the highest density zoning permitted in the district due to its strategic position within the overall rezoning plan and its immediate access to major transportation. Simply put — this is a chance to build at the center of the largest rezoning in New York City history.

Pricing: Market (or ground lease opportunity)

Property Highlights:

• 55,079 SF vacant parcel

• 200’ through lot

• 324’ frontage on 94th Street

• 225’ frontage on 95th Street

• 549’ total frontage

Zoning:

• C6-4 DJ (R10 Equivalent)

• 12.0 FAR (MIH Residential + Commercial) – 660,948 BSF

• 10.0 FAR (Community Facility) – 550,790 BSF

• Located within the Special Downtown Jamaica District

• Outer Transit Zone + FRESH Zone

• MIH Options 1, 2, and 3 applicable

• 80% lot coverage

• 355’ max height / 155’ base height

Process:

Ownership has operated the property for over 50 years. This is a meaningful transition for the family and the community. They are seeking a clean execution into a 1031 exchange, or will consider a ground lease with the right development partner.

We’ve assembled Phase I environmental reports, architectural survey materials, and a zoning analysis prepared by land use counsel. A full data room is available upon request.

We’re looking to establish sincere interest by April 1st and select a development partner by May 1st. We’re available for calls, meetings, or site visits so you can underwrite with confidence.