94-01 Sutphin Boulevard
Update
01/20/22
Large Jamaica Development Site Trades for $59.7M
A large development site, located at 94-01 Sutphin Boulevard in Jamaica, Queens has just been sold for $59.7 million. The site was purchased by Sutphin Boulevard Equities LLC from the previous owner, Merkel Properties LLC in a deal brokered by Asset CRG.
At 60,138 square feet, the lot offers a buildable square footage of 601,380. According to Asset CRG, the property is "one of the largest remaining qualified opportunity-zoned development sites in the country". This lot is also highly desirable for its proximity to the Jamaica LIRR Station, sitting less than a block away.
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