Adelaide Polsinelli, Vice Chairman of Compass, a technology-driven real estate platform, has been hired to sell a block -through, parking lot property located at 88-22 Sutphin Boulevard, in the bustling neighborhood of Jamaica, Queens.
The property, currently used as a licensed parking lot, consists of approximately 8,110 square feet of land. The site has a development potential of 37,000 square feet. The lot consists of 75feet of frontage on Sutphin Boulevard between 88th and 89th Avenues with a separate entrance on——
The property is strategically located directly across the street from the Queens County Supreme Court and a short walk from New York Civil and Family Courts. This prominent location is at the center of Jamaica’s downtown business district and in close proximity to major highways and transit hubs. The site is located at the entrance of the Sutphin Boulevard E and F subway station and a short walk to the Jamaica Station which services the Long Island Railroad and the AirTrain to JFK airport. The property has easy access to the Belt Parkway, making it a great candidate for airport and transit reliant end users.
The site will be delivered vacant allowing for a unique opportunity to develop a variety of uses including retail, office, residential as well as community facility. The property provides a potential developer additional benefits which include 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,” noted Adelaide Polsinelli.
“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,” noted Polsinelli. “From here, you can go anywhere, “concluded Polsinelli.
About Polsinelli:
With over 30 years of experience, Polsinelli has sold over 1,500 properties, valued at over $40 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. She has sold over $1.4 billion in the last few years, spanning NYC, Miami, Boston, Chicago and most of the northeast corridor. Prior to joining Compass, she was a Principal at the now defunct, Eastern Consolidated.
About Compass: is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1 Billion in revenue, and $35 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.
