A mostly vacant row of buildings in the heart of downtown Jamaica with lots of room to build up has been listed for $6.2 million, according to Modern Spaces, which is marketing the properties.
The listing includes four lots with two-story attached buildings beginning at 97-01 to 97-09 Sutphin Blvd., and is the first listing in Jamaica for the new commercial division of Modern Spaces, which is based in Long Island City. Currently, a church occasionally uses part of the building for service and a deli is another tenant.
The properties have about 10,000 square feet combined, but nearly 50,000 square feet of buildable space, according to Evan Daniel, executive vice president of Modern Spaces’ commercial division.
The building has a C4-5X zoning, and could be demolished, Daniel said.
He added that it is a likely possibility that developers could buy with the intention to build up since the buildings are placed in an attractive location.
The E and J subway lines and the Jamaica LIRR station are just three blocks away, meaning it’s just a short train ride to Manhattan. The AirTrain to John F. Kennedy Airport is also just a few blocks away as well, and downtown Jamaica has lots of foot traffic because of the huge amount of retail in the area.
The property is owned by 901 Honeywell LLC, which could make a substantial profit after purchasing the buildings back in 2007 for $3.4 million, city records show.
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