$ 8,950,000
Active
Status
1
Rooms
$ 28,220
Real Estate Taxes
[Monthly]
Description
8971 164th Street - Hotel / Commercial Development Opportunity
Prime hotel and commercial development opportunity at 8971 164th Street, offered with approved hotel development plans. The property is positioned in a strong, high-demand corridor and is well-suited for a boutique or flagged hotel concept, with potential for complementary ground-floor commercial use.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
89-71 164th Street presents a compelling as-of-right development opportunity in the heart of Jamaica, Queens. The property sits on an approximately 14,200 square foot lot and is located within a C6-2 zoning district, allowing for substantial future development potential.
Based on the lot size and applicable zoning regulations, the site supports approximately 85,000 buildable square feet, subject to zoning verification and architectural analysis. The property benefits from strong frontage, efficient lot dimensions, and proximity to major transit, Jamaica Avenue retail corridors, and institutional demand drivers.
The current asking price reflects a land basis of approximately $112 per buildable square foot, positioning the offering at or below prevailing market metrics for comparable C6-zoned development sites in Jamaica and surrounding submarkets. Recent land transactions in the area have generally traded in the $110-$130 per buildable square foot range, with premiums achieved for sites offering as-of-right density, transit adjacency, and scalable floor plates.
This offering is well suited for mixed-use, hotel, or commercial development, subject to approvals. Preliminary structural and vertical expansion studies further enhance the site's value proposition, though purchasers are encouraged to conduct their own due diligence.
All zoning, FAR, and buildable area figures are estimates and subject to confirmation by purchaser's architect, attorney, and zoning consultant.
Prime hotel and commercial development opportunity at 8971 164th Street, offered with approved hotel development plans. The property is positioned in a strong, high-demand corridor and is well-suited for a boutique or flagged hotel concept, with potential for complementary ground-floor commercial use.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
89-71 164th Street presents a compelling as-of-right development opportunity in the heart of Jamaica, Queens. The property sits on an approximately 14,200 square foot lot and is located within a C6-2 zoning district, allowing for substantial future development potential.
Based on the lot size and applicable zoning regulations, the site supports approximately 85,000 buildable square feet, subject to zoning verification and architectural analysis. The property benefits from strong frontage, efficient lot dimensions, and proximity to major transit, Jamaica Avenue retail corridors, and institutional demand drivers.
The current asking price reflects a land basis of approximately $112 per buildable square foot, positioning the offering at or below prevailing market metrics for comparable C6-zoned development sites in Jamaica and surrounding submarkets. Recent land transactions in the area have generally traded in the $110-$130 per buildable square foot range, with premiums achieved for sites offering as-of-right density, transit adjacency, and scalable floor plates.
This offering is well suited for mixed-use, hotel, or commercial development, subject to approvals. Preliminary structural and vertical expansion studies further enhance the site's value proposition, though purchasers are encouraged to conduct their own due diligence.
All zoning, FAR, and buildable area figures are estimates and subject to confirmation by purchaser's architect, attorney, and zoning consultant.
8971 164th Street - Hotel / Commercial Development Opportunity
Prime hotel and commercial development opportunity at 8971 164th Street, offered with approved hotel development plans. The property is positioned in a strong, high-demand corridor and is well-suited for a boutique or flagged hotel concept, with potential for complementary ground-floor commercial use.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
89-71 164th Street presents a compelling as-of-right development opportunity in the heart of Jamaica, Queens. The property sits on an approximately 14,200 square foot lot and is located within a C6-2 zoning district, allowing for substantial future development potential.
Based on the lot size and applicable zoning regulations, the site supports approximately 85,000 buildable square feet, subject to zoning verification and architectural analysis. The property benefits from strong frontage, efficient lot dimensions, and proximity to major transit, Jamaica Avenue retail corridors, and institutional demand drivers.
The current asking price reflects a land basis of approximately $112 per buildable square foot, positioning the offering at or below prevailing market metrics for comparable C6-zoned development sites in Jamaica and surrounding submarkets. Recent land transactions in the area have generally traded in the $110-$130 per buildable square foot range, with premiums achieved for sites offering as-of-right density, transit adjacency, and scalable floor plates.
This offering is well suited for mixed-use, hotel, or commercial development, subject to approvals. Preliminary structural and vertical expansion studies further enhance the site's value proposition, though purchasers are encouraged to conduct their own due diligence.
All zoning, FAR, and buildable area figures are estimates and subject to confirmation by purchaser's architect, attorney, and zoning consultant.
Prime hotel and commercial development opportunity at 8971 164th Street, offered with approved hotel development plans. The property is positioned in a strong, high-demand corridor and is well-suited for a boutique or flagged hotel concept, with potential for complementary ground-floor commercial use.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
This is a shovel-ready project, developers and investors seeking a clear entitlement path, reduced execution risk, and upside through new construction hospitality. Excellent access to major roadways, transportation, and surrounding amenities further enhances long-term value and demand.
89-71 164th Street presents a compelling as-of-right development opportunity in the heart of Jamaica, Queens. The property sits on an approximately 14,200 square foot lot and is located within a C6-2 zoning district, allowing for substantial future development potential.
Based on the lot size and applicable zoning regulations, the site supports approximately 85,000 buildable square feet, subject to zoning verification and architectural analysis. The property benefits from strong frontage, efficient lot dimensions, and proximity to major transit, Jamaica Avenue retail corridors, and institutional demand drivers.
The current asking price reflects a land basis of approximately $112 per buildable square foot, positioning the offering at or below prevailing market metrics for comparable C6-zoned development sites in Jamaica and surrounding submarkets. Recent land transactions in the area have generally traded in the $110-$130 per buildable square foot range, with premiums achieved for sites offering as-of-right density, transit adjacency, and scalable floor plates.
This offering is well suited for mixed-use, hotel, or commercial development, subject to approvals. Preliminary structural and vertical expansion studies further enhance the site's value proposition, though purchasers are encouraged to conduct their own due diligence.
All zoning, FAR, and buildable area figures are estimates and subject to confirmation by purchaser's architect, attorney, and zoning consultant.
Listing Courtesy of Corcoran Group
Features
A/C
Building Details
Development Site
Ownership
Low-Rise
Building Type
None
Service Level
9794/20
Block/Lot
Pre-War
Age
1951
Year Built
3
Floors
Contact
Charles Mazalatis
License
Licensed As: Charles Mazalatis
President & Licensed Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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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.
Listing ID: 104591TH
