89 71 164th Street Approved Hotel Development Opportunity Jamaica, Queens Prime development opportunity at 89 71 164th Street, offered with approved plans for approximately 30, 000 square feet of hotel ...
| Website: | https://www.nestseekers.com/5360831 |
|---|---|
| Address: | 89-71 164th Street Apt: COMMERCIAL Queens, NY 11432 |
| Cross street: | 89th Avenue |
| Type: | Low-rise |
| Era: | Pre-war |
| Floors: | 3 |
| Ownership: | Development Site |
|---|---|
| Rooms: | 1 |
| Bedrooms: | Studio |
Financials
Price:$8,500,000
Real estate tax:$28,220
Description
89-71 164th Street - Approved Hotel Development Opportunity Jamaica, Queens
Prime development opportunity at 89-71 164th Street, offered with approved plans for approximately 30,000 square feet of hotel development. This shovel-ready project allows a developer to move forward immediately with a fully entitled hospitality asset in one of Queens' growing corridors.
The approved plans feature an efficient multi-story hotel design with floor plates of approximately 6,000 square feet, helping streamline construction and maximize usability.
Situated in the heart of Jamaica, Queens, the property benefits from strong proximity to major transportation, including the LIRR, AirTrain to JFK, and multiple subway lines, as well as the Jamaica Avenue retail corridor and surrounding commercial activity.
Property Details
All square footage, zoning, and development information is approximate and subject to independent verification by purchaser.
Prime development opportunity at 89-71 164th Street, offered with approved plans for approximately 30,000 square feet of hotel development. This shovel-ready project allows a developer to move forward immediately with a fully entitled hospitality asset in one of Queens' growing corridors.
The approved plans feature an efficient multi-story hotel design with floor plates of approximately 6,000 square feet, helping streamline construction and maximize usability.
Situated in the heart of Jamaica, Queens, the property benefits from strong proximity to major transportation, including the LIRR, AirTrain to JFK, and multiple subway lines, as well as the Jamaica Avenue retail corridor and surrounding commercial activity.
Property Details
- Approx. 9,800 SF lot (per plot plan)
- Approved 30,000 SF hotel development
- Approx. 6,000 SF floor plates
- Located in a C6-2 zoning district
- Shovel-ready with approved plans
- Prime transit-oriented location JFK Airport
- Strong demand drivers from retail, commercial, and institutional uses
- Efficient building layout for hotel or hospitality use
All square footage, zoning, and development information is approximate and subject to independent verification by purchaser.
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Corcoran Group | |
