21-17 Jackson Avenue

21-17 Jackson Ave, Long Island City, NY, 11101, US

Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of 21-17 Jackson Avenue (the “Property” or “Site”), a prime development opportunity in the heart of Long Island City’s Hunters Point neighborhood. This Site features a 4,500 SF lot with exceptional frontage along Jackson Avenue, will be delivered vacant. The Site offers 22,500 ZFA (Standard) or 27,000 ZFA (UAP) for residential development.

The Property’s prime location in Long Island City positions residents at the center of one of New York City’s most dynamic live-work-play neighborhoods, home to 161,000 residents and 106,000 employees. The area features 40+ arts and cultural institutions, 50+ schools, and 14 acres of parks, with exceptional proximity to major employers including Google, JetBlue, Citi, Uber, Brooks Brothers, and Lyft.

The Property beneﬁts from exceptional market fundamentals. Long Island City has experienced explosive growth with over 32,400 residential units completed or under construction, and an additional 7,380+ units projected by 2025. The neighborhood features 11 million square feet of commercial space with 2.8 million additional square feet projected, alongside 1.1 million square feet of retail with 318,000+ square feet anticipated by 2025.

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Attributes

UAP ZFA

27,000

Total Lot Size

4,500

Zoning

R7X, C1-5

Frontage on Jackson Avenue

148'

UAP FAR

6.0

Media

Investment Highlights

Development Optionality in a High-Growth Submarket

21-17 Jackson Avenue offers developers exceptional optionality in Long Island City’s booming Hunters Point neighborhood. The Site provides ﬂexibility for various development scenarios with exceptional frontage along Jackson Avenue. The triangular lot conﬁguration and strong zoning allowances create opportunities for strategic residential or mixed-use development in one of New York City’s fastest-growing submarkets.

Strong Development Fundamentals

The property beneﬁts from favorable FAR allowances across multiple use categories. Standard residential development permits 5.00 FAR (22,500 ZFA), while Residential UAP allows 6.00 FAR (27,000 ZFA). Commercial development is permitted at 2.00 FAR (9,000 ZFA). This ﬂexibility enables developers to optimize the development program based on market conditions and investment strategy.

Transit-Rich Live-Work-Play Neighborhood

21-17 Jackson Avenue is located in the heart of Long Island City, which has emerged as one of New York City’s most dynamic live-work-play neighborhoods. The area is home to 161,000 residents and 106,000 employees, with access to 6,600 hotel rooms. The neighborhood features 40+ arts and cultural institutions, 50+ schools, and 14 acres of parks..

Unprecedented Residential Growth

Long Island City has experienced explosive residential development, with over 32,400 total residential units completed or under construction. This unprecedented growth reﬂects strong market demand and positions 21-17 Jackson Avenue within a thriving residential corridor.