16,291 Sqft Jamaica Development Site Sold For $9.6M, Set To Become 10-Story Mixed-Use Building

A development site in Jamaica, Queens has been sold for $9,625,000. The property, located at 147-18 95th Ave., 95-08, 95-10, 95-12, 95-20 & 95-22 147th Pl., & 95-09 Sutphin Blvd., spans a total of 16,291 square feet. The transaction was completed by Baruch Edelkopf of Schuckman Realty Inc. and Sadya Liberow of Asset CRG Advisors.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $9,625,000
• Building Square Footage: 81,455
• Price per Square Foot: $118
• Market: Jamaica, Queens

The development site will be transformed into a 10-story, 100-foot-tall mixed-use building. The plans include 118 apartments, 1 commercial space, and 50 parking spots. The project has already obtained the necessary permits to proceed. Baruch Edelkopf and Sadya Liberow worked on this project since 2018 amidst challenges and delays caused by the pandemic.

It is worth noting that in the last 6 months, the @Liberowteam has been involved in transactions totaling nearly 1,000,000 buildable square feet in Jamaica, Queens.

For more information, you can contact:

Baruch Edelkopf - Schuckman Realty Inc. - [email protected] - 646 919 2446

Sadya Liberow - Asset CRG Advisors - [email protected] - 347 762 4055