89-71 164th Street, Jamaica, NY for sale

Investment Overview

BKREA has retained on an exclusive basis to arrange for the sale of 89-71 164th Street, a compelling development opportunity in Downtown Jamaica, Queens. The development site is a midblock property along the east side of 164th Street between 89th Avenue and Jamaica Avenue, identified as Block 9794, Lot 25. This lot is approximately 6,041 square feet, featuring 85.08 feet of frontage along 164th Street and 71 feet of depth. The property is currently improved with a three-story commercial building. The property also includes DOB- approved amended plans under Job No. 421592609 for the conversion and vertical enlargement of the existing structure into a 63- key, seven story hotel. The planned structure will total approximately 28,985 zoning square feet and reach approximately 80 feet in height