• Ground Lease: Proposed 99-year ground lease structure minimizes up front capital contribution.
• Corner Lot: Corner frontage on heavily trafficked Liberty Ave presents valuable retail potential and construction flexibility.
• 99 Unit Limit: The site can easily fit two buildings with a maximum unit count of 145 units, keeping each below the 99-unit threshold.
• Manageable Scale: ±99,000 BSF offers scale without the hurdles of institutional funding.
• IH Options: This site qualifies for MIH Options 1 and 3, offering flexible affordable bandwidths.
• Jamaica Neighborhood Plan: Situated in the center of the recent Jamaica Neighborhood Plan rezoning, the site is positioned to capitalize on one of New York City’s most significant rezonings, supporting long-term residential and mixed-use development.
• Desirable Dimensions: 133′ x 129′ footprint presents developers with optionality in massing out the site while maintaining efficiency and optimal apartment layouts.
• Delivered Vacant: Property will be delivered 100% vacant, offering a blank slate for development.
• Proximity to Transportation: Located within the Jamaica Center transportation hub, the property is an 8-minute walk to the LIRR, JFK AirTrain and the E, J, and Z subway lines, providing direct connectivity to Manhattan and JFK Airport.