$4,750,000
Updated 5 years ago
Off Market

145-10/18 Liberty Ave

Jamaica, Queens | Inwood Street & Brisbin Street

9,050 Square FeetDevelopment Site

$4,750,000
Lot Size125'1"x203'2"
ZoneR6A
Building TypeVacant Lot
RE Taxes$50,289
Price Per SF
$525

Building Amenities

  • Elevator

Property Description for 145-10/18 Liberty Ave

Ariel Property Advisors is proud to present 145-10/18 Liberty Avenue, a development opportunity in the rapidly changing Jamaica neighborhood of Queens. The Subject Properties provide 125 feet of frontage along Liberty Avenue, a major throughway in Queens and Jamaica. Both properties are currently encumbered by a 9,000sqft structure that will be delivered vacant. The zoning is R6A, R4-1, C2-4 which allows for a mixed-use development with a 3 FAR equating to approximately 36,795 buildable square feet. In addition, the properties are situated within the Opportunity Zone and FRESH Zone, for both discretionary tax and zoning incentives. Opportunity Zones were created to stimulate private investment in diverse communities in exchange for capital gain tax incentives. In exchange for investing in communities within Qualified Opportunity Zones, investors can access capital gains tax incentives both immediately and over the long term. FRESH (Food Retail Expansion to Support Health) tax benefit zone, allows a developer the change to keep expenses low while improving and providing a quality retail service to the community. The FRESH Tax Incentive Program freezes RE Taxes for 25 years and reduced Sales & Mortgage Recording Taxes, contributing to the low operating expenses. This offering is perfectly situated next the Van Wyck Expressway and provides quick access to JFK airport, Grand Central Pkwy & the Belt Pkwy. In addition, the property is a short 10 min walk to the Sutphin Blvd-Archer Ave – JFK Train station, which is supported by the E, J & Z subways as well as the Long Island Railroad. Jamaica currently has 85 development projects being planned, under construction or completed for a total of 6.6 million square feet equating to 5,170 new residential units and 548,000 new retail square feet. This market is the new frontier for developers to come and build in a neighborhood that is still growing and changing.

Listing History for 145-10/18 Liberty Ave

Now
10/22/2021
POM by Alexander Taic
Ariel Property Advisors
2021

Building Details for 145-10/18 Liberty Ave

OwnershipDevelopment Site
Building TypeVacant Lot
Learn More About the Building

Transit and Citi Bike

Subway

Sutphin Blvd-Archer Av-JFK Airport
0.49 miles

Railroad

JamaicaLong Island Rail Road
0.43 miles

Contact Agents

Contact Agents

Alexander Taic
Ariel Property Advisors
Michael Tortorici
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors

Jamaica | Queens

Quick Profile

Jamaica Queens is buzzing. Although it doesn’t have the same level of excitement or sensory overload that Times Square imparts on its visitors, it’s a bustling city center just brimming with activity. The courts, government offices, hospitals, colleges, ethnic restaurants of every kind, big box retailers and mom-and-pop shops – the neighborhood has a lot going on at any given moment.

 Jamaica, a diversely populated middle-class neighborhood located in southeastern Queens has a huge commercial and retail district with a residential component too. Its boundaries are Hillside Avenue to the northwest, Van Wyck Expressway to the south, Linden Boulevard to the southeast, and 188th Street and Jamaica Boulevard to the northeast.

 Jamaica has a similar history to other areas of Queens and Manhattan. Indigenous tribes called it home until the Dutch arrived in the mid-1600s. They purchased the land for a very small amount (history says two rifles, a fur coat, and some gun powder). Dutch Governor Peter Stuyvesant named it Rustdorp, which translates to rest town. English colonists took over the lands from the Dutch around 1655 and changed the name to Jamaica.

 In the late 1770s, Jamaica became a popular trading post and it was eventually incorporated into a village in 1814. In 1834, B and J Railway Company built a train line connecting Brooklyn to Jamaica. It didn’t last long because B and J Railway ran out of money to keep the trains operational. New investors stepped in and saved the company. They renamed the organization the Long Island Rail Road Company.

 In 1898, Queens became part of New York City and served as the county seat for Manhattan.

 Today’s Jamaica has a thriving business district that represents the diversity of Queens. West Indian grocery stores, African American bath and beauty supplies, South American eateries, Indian owned electronic stores, Italian grocers, South East Asian markets line the streets selling their goods and services.

 There are even green spaces in this densely populated urban neighborhood. Rufus King Park, Marconi Park, Jamaica Playground, Saint Albans Park and Baisley Pond Park are just a few of the more notable ones.  

 Jamaica is accessible with plenty of transportation options. Jump on the Long Island Railroad and be in Manhattan in 35 minutes, or head the other direction to Montauk or the Hamptons. The Air Train takes you to John F. Kennedy International Airport. Subway and bus lines will whisk you to Manhattan, Brooklyn, or further into Queens.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 80068TH