downtown jamaica central - images1.loopnet.com...tax map • corner lot positioned directly across...
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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 [email protected]
Andreas Efthymiou Director718 512 [email protected]
Kevin SchmitzDirector718 512 [email protected]
Kevin LouieDirector718 512 [email protected]
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 [email protected]
KEVIN SCHMITZDirector718 512 [email protected]
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