描述

Jones Lang LaSalle (“JLL”) is pleased to present the exclusive opportunity to acquire or lease 815 Seagirt Avenue (the “Property” of “Site”), a generational development opportunity located in a prominent coastal corridor of Far Rockaway, Queens. This fully assembled, 108,223 SF Site, which spans ten consolidated tax lots, offers a developer or institutional user a rare combination of unmatched scale, significant as-of-right density, and a unique waterfront-adjacent lifestyle. The Property’s substantial footprint and flexible zoning framework provide a blank canvas for a transformative project in a neighborhood experiencing significant investment and growth, positioning it as a very unique and compelling development opportunity.

The Property features exceptional programmatic flexibility that allows for a wide range of uses without a lengthy or discretionary public approval process. Under its underlying R4-1 zoning, the site permits the development of a substantial residential project, offering a base density of 1.0 FAR for market-rate housing and a significant bonus to 1.5 FAR for a quality affordable housing program. This optionality allows a developer to create a large-scale residential community of either rental apartments or for-sale homes that can directly capitalize on the site’s powerful quality-of-life premium. Furthermore, a Community Facility (CF) overlay permits an equally broad range of uses, including healthcare clinics, educational institutions, senior living facilities, dormitories, houses of worship, or philanthropic centers, making it an ideal location for an institutional user seeking a large, accessible campus.

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属性

Total Lot Size

108,223 SF

Zoning

R4-1

Base FAR / QAH FAR / CF FAR

1.00 / 1.50 / 2.00

媒体

投资亮点

Significant Development Scale

Fully assembled 108,223 SF development site spanning 10 consolidated tax lots, offering a rare opportunity to create a landmark residential or institutional campus in New York City.

As-of-Right Development Flexibility

Exceptional zoning allows multiple development paths with minimal approval risk: 1.0 FAR base density for market-rate housing, 1.5 FAR for Quality Affordable Housing or community facility uses.

Qualified Opportunity Zone Tax Benefits

The Property is located within a federally designated Qualified Opportunity Zone (QOZ), offering investors a compelling tax advantage: a full exclusion of appreciation on gains held for 10 or more years.

Unparalleled Coastal Location

Situated steps from the Atlantic Ocean and the renowned five-mile Rockaway Boardwalk, offering an irreplaceable waterfront lifestyle amenity that serves as a powerful quality-of-life differentiator and built-in marketing advantage.

Strategic Transit & Growing Neighborhood

Excellent connectivity via multiple transit options including the Q113/Q114 buses and direct access to Manhattan and Midtown via Far Rockaway–Mott Avenue (A train), LIRR, and Rockaway Ferry.