159-02-14 Hillside Avenue
Bridge Property Advisors has been exclusively retained to market for sale, ground lease or joint venture 159-02-14 Hillside Avenue (the “Property” or “Site”) in the Jamaica neighborhood of Queens.
The Site measures 125’ x 117’ with a footprint of approximately 14,636 square feet. The current zoning is R7A/C1-3/C2-4 offering an FAR of 3.45 for residential use or 4.60 with Inclusionary Housing, allowing for the development of a 50,442 to 67,257 mixed-use development. The Property is also located within the Downtown Jamaica Special Purpose District (DJ).
The Site is currently improved by an 11,837 square foot retail building, which has been demised for thirteen local services tenants, providing excellent cash flow during the entitlement process. All leases contain demolition clauses that can be exercised prior to development.