downtown jamaica central - images1.loopnet.com...tax map • corner lot positioned directly across...

DOWNTOWN

Jamaica Central

9402-9406 SUTPHIN BLVD DOWNTOWN JAMAICA | QUEENS, NY

ASKING RENT: $625,000 / YR NNN

RARE GROUND LEASE DEVELOPMENT OPPORTUNITY

AIR TRAIN JFK

JAMAICA LIRR

E J Z SUBWAY

PROPERTY DESCRIPTIONCushman & Wakefield has been exclusively retained to arrange for the ground lease of of 9402-9406 Sutphin Boulevard in Downtown Jamaica, Queens (‘the property’). The property is located directly across the street from the Jamaica Transit Hub and the AirTrain to JFK Airport on the corner of Sutphin Boulevard and 94th Avenue. The corner property is uniquely positioned to take advantage of the rapid and continuous growth of Downtown Jamaica.

The property is situated within the Special Downtown Jamaica District and it is zoned ‘C6-3’ with an ‘R9’ equivalency allowing for 61,144 buildable square feet as-of-right. The property is ideal for a hotel given it’s immediate access to the AirTrain to JFK, and it also has significant retail, office and residential value given the immense foot traffic and unmatched transportation access. The property is accessible to JFK in less than 10 minutes by AirTrain, and 20 minutes to Manhattan and Downtown Brooklyn by the Long Island Rail Road or Subway. + Ownership is interested in receiving proposals for all types of uses. + For additional information, reach out to the exclusive brokers directly. + Inspections are by appointment only, please do not disturb tenants. Inquire within to arrange for appointment.

PROPERTY OVERVIEW

Cushman & Wakefield Copyright 2019-2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and the same is submitted suject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

DOWNTOWN

Jamaica CentralASKING RENT: $625,000 / YR NNN

GROUND LEASE DEVELOPMENT OPPORTUNITY

SUTPHIN BOULEVARD

JAMAICA LIRR AIR TRAIN JFK

94TH

AV

ENU

E

LOCATION:  Southwest corner of Sutphin Blvd & 95th Ave

BLOCK / LOT:  9993 / 18, 20

LOT DIMENSIONS:  84’ x 100’ (Irr. Approx.)

GROSS LOT SF:7,643

LOT FRONTAGE:68.5’ - 94th Avenue101’ - Sutphin Blvd

ZONING:  C6-3 (R9 Equivalent)

COMMERCIAL FAR (AS OF RIGHT):  8.0

COMMERCIAL BSF:  61,144

RESIDENTIAL FAR (BASE):6.0

RESIDENTIAL FAR (W/I.H. BONUS):8.0

RESIDENTIAL BSF (BASE):45,858

RESIDENTIAL BSF (MAX):61,144

PROPERTYINFORMATION

ZONINGINFORMATION

NUMBER OF BUILDINGS:  2

BUILDING SQ. FT. (94-02):4,500

BUILDING SQ. FT. (94-06):4,020

TOTAL BUILDING SQ. FT. :  8,520

BUILDINGINFORMATION

ASSESSMENT (19/20):$405,088

PROPERTY TAXES (19/20):$42,591

TAXINFORMATION

FOR ADDITIONAL INFORMATION AND CONFIDENTIALITY AGREEMENT, PLEASE CONTACT EXCLUSIVE CUSHMAN & WAKEFIELD AGENTS:

Stephen R. PreussVice Chairman 718 512 2118stephen.preuss@cushwake.com

Andreas Efthymiou Director718 512 2621andreas.efthymiou@cushwake.com

Kevin SchmitzDirector718 512 2628kevin.schmitz@cushwake.com

Kevin LouieDirector718 512 2627kevin.louie@cushwake.com

Located within the Special Downtown Jamaica District

THE TEAM PREUSS ADVANTAGEWe provide a full service approach to real estate, providing a

distinct specialization in a variety of market sectors.Investment Sales • Equity, Debt & Structured Finance • Leasing

Queens | Brooklyn | Long Island

HIGHLIGHTS

LOT(S)

BLOCK

18, 20

9993

LIV

ER

PO

OL

ST

RE

ET

SU

TP

HIN

BLV

D

95TH AVENUE

94TH AVENUE

LOT18

20

TAX MAP

• Corner lot positioned directly across from the Jamaica Transit Hub with ~170’ of wraparound frontage

• Direct Access to the AirTrain to JFK Airport which serves 8.2 million passengers per year

• $13 Billion Investment into JFK Airport will aid in the thriving Jamaica Hospitality Market for years to come

• Direct Access to Manhattan, Brooklyn, & Western Queens via the subway lines

• ~61,000 Buildable SF Site ideal for Hotel or Mixed-Use Development Concepts

• AirTrain Annual Ridership: 8.2 Million Passengers 2018

• Sutphin Boulevard-Archer Avenue Subway 7.3 Million Passengers 2018

• $13 Billion Private Investment into JFK Airport Renovation & Expansion

STATS

DOWNTOWN

Jamaica Central

SUTP

HIN

BO

ULE

VAR

D

JAMAICA LIRR AIR TRAIN JFKE J Z SUBWAY

TRANSIT MAP

SURROUNDING RETAILERS

G

7

JAMAICA CENTER

AIR TRAIN (JFK)

THE CROSSING AT JAMAICA STATION669 RENTAL APARTMENTS + 35K SF OF RETAIL SPACE

JAMAICA STATION

ALVISTA TOWERS380 RENT STABILIZED APARTMENTS

Transit / Subway Time

Sutphin Blvd - JFK (E Lines) 28 min to Manhattan

Sutphin Blvd (J/Z Lines) 38 min to Williamsburg

Sutphin Blvd (J/Z Lines) 45 min to Manhattan

Sutphin Blvd (F Line) 30 min to Manhattan

Commuter Rail Time

Long Island Rail Road 20 min to Penn Station, NY

Jamaica Station 20 min to Atlantic Terminal , BK

15 min to Mineola, LI

Air Travel AirTrain Drive Distance

JFK Airport 12 min 10 min 3.5 mi

LaGuardia Airport N/A 15 min 6.6 mi

PROPERTY PHOTOS

DOWNTOWN

Jamaica Central

JAMAICA LIRR AIR TRAIN JFKE J Z SUBWAY

STEPHEN R. PREUSS Vice Chairman718 512 2118stephen.preuss@cushwake.com

KEVIN SCHMITZDirector718 512 2628kevin.schmitz@cushwake.com

DOWNTOWN

Jamaica Central

THE TEAM PREUSS ADVANTAGEWe provide a full service approach to real estate, providing adistinct specialization in a variety of market sectors.Investment Sales • Equity, Debt & Structured Finance • Leasing Queens | Brooklyn | Long Island

ASKING RENT: $625,000 / YR NNN

GROUND LEASE DEVELOPMENT OPPORTUNITY