177-02/06 Jamaica Avenue Downtown Jamaica

Home , Grand Central Parkway, Jamaica Avenue

177-02/06 JAMAICA AVENUE DOWNTOWN JAMAICA | NY 11432

Block-Through Warehouse with Redevelopment Potential ASKING PRICE $3,950,000

LOCATED IN A QUALIFIED OPPORTUNITY ZONE

THE TEAM PREUSS ADVANTAGE We provide a full service approach to real estate, providing a distinct specialization in a variety of market sectors. Investment Sales • Debt • Leasing Queens | Brooklyn | Long Island 177-02/06 JAMAICA AVE DOWNTOWN JAMAICA | NY 11432 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 space of approximately 16,533 square feet and a residentail space of approximately 1,934 square feet. The gross square footage of the two buildings is approximately 18,467 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. The property is located in a designated opportunity zone making it ripe for redevelopment. 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 resiential space. This location experiences high-traffic and is a great spot for a variety of commercial uses including retail, office, and flex space.

Cushman & Wakefield Copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained Stephen R. Preuss / Vice Chairman / [email protected] / +1 718 512 2118 herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing Kevin Schmitz / Director / [email protected] / +1 718 512 2628 conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. ASKING PRICE 177-02/06 JAMAICA AVE $3,950,000 DOWNTOWN JAMAICA | NY 11432 BLOCK-THROUGH WAREHOUSE BUILDING WITH POTENTIAL FOR REDEVELOPMENT ~40,000 BUILDABLE SQUARE FOOTAGE WITH 446 FT LINEAR FRONTAGE PROPERTY INFORMATION TAX INFORMATION BLOCK / LOT 10316 / 1, 3, 31, 33, 35, 37 REAL ESTATE TAXES (20/21) $64,716 GROSS LOT DIMENSIONS 63.65’ x 222.79 (Irr. Approx.) GROSS LOT SQUARE FOOTAGE 16,504 (Sq. Ft. Approx.) BUILDING INFORMATION WAREHOUSE SPECS CEILING HEIGHTS 10’ - 14’ EXISTING BUILDING SQ. FT. 18,467 (Sq. Ft. Approx.) ROLL-UP GATES 7 with curb cuts GROSS BUILDING DIMENSIONS 63.65’ X 222.79’ (Irr. Approx.) DRIVE-IN GATES 6 (included in roll-up gate ct) WAREHOUSE SQ. FT. 16,533 (Sq. Ft. Approx.) A/C Central STORIES 1-3 HEAT Spot Heaters, Gas RESIDENTIAL SQ. FT. 1,934 (Sq. Ft. Approx.) POWER 40 AMPS RESIDENTIAL UNITS 2 BASEMENT Partial, Below Showroom for Storage ZONING INFORMATION ZONING R6A/C2-4/DJ R5

LOT PORTION 6,374 10,130 (SF Approx.) FAR (AS OF RIGHT) 3.0 1.25

BUILDING SQ. FT. (AS OF RIGHT) 19,122 12,663 (SF Approx.) GROSS BUILDABLE SQ. FT. 31,785 FAR MAX 3.0 2.0

BUILDABLE SQ. FT. MAX 19,122 20,260 (SF Approx.) GROSS BUILDABLE SQ. FT. MAX 39,382

177-02/06 JAMAICA AVENUE

TAX MAP BLOCK 178TH STREET 10316 98TH AVENUE LOT 3 1, 3, 37 35 33 31 31, 33, 1 35, 37 JAMAICA AVENUE 178TH STREET