Adelaide Polsinelli, Vice Chairman of Compass, a technology- driven real estate platform, has been hired to sell a block -through, parking lot property located at 88-22 Sutphin Boulevard, in the bustling neighborhood of Jamaica, Queens.
The property, currently used as a licensed parking lot, consists of approximately 8,110 square feet of land. The site has a development potential of 37,000 square feet. The lot consists of 75 feet of frontage on Sutphin Boulevard between 88th and 89th Avenues with a separate entrance.
The property is strategically located directly across the street from the Queens County Supreme Court and a short walk from New York Civil and Family Courts. This prominent location is at the center of Jamaica’s downtown business district and in close proximity to major highways and transit hubs. The site is located at the entrance of the Sutphin Boulevard E and F subway station and a short walk to the Jamaica Station which services the Long Island Railroad and the AirTrain to JFK airport. The property has easy access to the Belt Parkway, making it a great candidate for airport and transit reliant end users.
The site will be delivered vacant allowing for a unique opportunity to develop a variety of uses including retail, office, residential as well as community facility. The property provides a potential developer additional benefits which include an Inclusionary Housing component and favorable Special Downtown Jamaica District zoning designations.
“This property offers purchasers who may be new to the industry, an opportunity to build a manageable project with developer-friendly incentives,” noted Adelaide Polsinelli.
“This parking lot is conveniently located in the heart of Jamaica’s downtown, central business district, with easy access to all transportation, allowing for a variety of end uses including affordable housing, medical, community facilities, law offices and retail,” noted Polsinelli. “From here, you can go anywhere, “concluded Polsinelli.