101-01 Jamaica Avenue Richmond Hill, NY 11418
Mixed Use
MLS #: 832107
Courtesy Of B Square Realty
Property InformationDescription
This prime 8,734 square-foot corner lot presents a rare development opportunity in a high-demand location. Currently approved for a four-story building with 20 residential units, the property offers significant potential for expansion. With a revised architectural plan, the space can be optimized without requiring a variance, allowing for greater flexibility and maximizing value. Developers have the option to build up to 34 affordable housing units, benefiting from 485(x) tax abatements and Opportunity Zone incentives, or pursue a mixed-use development featuring a 4,000-square-foot community facility alongside 25 market-rate apartments. The strategic location and zoning flexibility make this an exceptional investment opportunity.
Features
- Architecture Style: Other
- Cooling System: Window Unit(s) A/C
- Exterior Type: Frame
- Heating System: Baseboard
- MLSID: 832107
MAP & DIRECTIONS
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