
Compass’ Polsinelli Markets Jamaica Development Site
Adelaide Polsinelli, vice chairman of Compass, has been hired to sell a block -through, parking lot property located at 88-22 Sutphin Blvd. in Queens’ Jamaica neighborhood. The property, currently used as a licensed parking lot, consists of approximately 8,110 square feet of land and has a development potential of 37,000 square feet.
The site will be delivered vacant, allowing for a variety of uses. The property provides a potential developer with additional benefits, including an Inclusionary Housing component and favorable Special Downtown Jamaica District zoning designations.
“This property offers purchasers who may be new to the industry, an opportunity to build a manageable project with developer-friendly incentives,” said Polsinelli.
She continued, “This parking lot is conveniently located in the heart of Jamaica’s downtown, central business district, with easy access to all transportation, allowing for a variety of end uses including affordable housing, medical, community facilities, law offices and retail.”
- ◦Sale/Acquisition