Nemo Jamaica Assemblage

Jamaica, Queens, New York 11432

$5,000,000  

Listing ID Number

25569

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of the Nemo Jamaica Assemblage encompassing six contiguous tax lots on Jamaica Avenue / 177th & 178th Streets located in Downtown Jamaica.

The Nemo Jamaica Assemblage contains an existing single-story block-through warehouse of approximately 15,790 square feet and a three-story mixed-use building of approximately 2,640 square feet. The gross square footage of the two buildings is approximately 18,430 square feet. The residential units are currently occupied on a month-month basis. The warehouse portion and retail will be delivered vacant and poses an ideal opportunity for an industrial owner/user.

Additionally, the property allows up to 39,382 (approx.) buildable square footage. The assemblage lies in mixed zoning: R6A/C2-4/R5/DJ, which allows approximately 31,785 buildable square footage is allowed as of right for commercial / residential use.

The Nemo Jamaica Assemblage is located two blocks from the F subway train at Hillside Avenue and 179th Street, providing convenient transportation throughout Queens and to NYC. The property is in proximity to multiple bus lines including Q1, Q2, Q3, Q17, Q36, Q43, Q76, Q77, Q110, and X68. Aditionally, the Grand Central Parkway, Van Wyck Expressway, and Hillside Avenue are all main thoroughfares which are easily accessible.

This assemblage provides the ideal opportunity for an owner/user looking for open floor plan warehouse space with great frontage on Jamaica Avenue, a rare find in today’s market.

This area of Downtown Jamaica is the ideal location for new development as there is a high demand for new construction commercial and residential space. This location experiences high-traffic and is a great spot for a variety of commercial uses including retail, office, and flex space.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites
Location:Downtown Jamaica
Block/Lot:10313/1,2,31,33,35,37
Lot Dimensions:63.62' x 222.79'
irr.
Lot Sq Ft:16,504
approx.
Buildable Sq. Ft:39,382
max.
Zoning:R6A / C2-4 / DJ / R5
Building Sq Ft:18,430
combined
Footprint:63.65' x 222.79'
irr.

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com


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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.