NEW YORK, NY – April 9, 2018 – Ariel Property Advisors has been retained on an exclusive basis to sell 150-28, 150-30 Liberty Avenue and 299 Tuckerton Street, a large-scale commercial/industrial assemblage located at the epicenter of Jamaica, Queens. The asking price for the three contiguous lots is $7.5 million.

The assemblage – whose lot size totals 22,928 square feet while offering 354 feet of wraparound street frontage – presents a rare opportunity for both owner-users and developers to capitalize on the high demand and shrinking supply of New York City commercial/industrial space.

150-28 Liberty Avenue is improved by a 2-story, 8,625 square foot commercial building with a garage on Liberty Avenue. 150-30 Liberty Avenue is improved by a 1,380 square foot storefront. The rest of the property is currently an open parking lot.

M1-4 zoning (FAR: 2.0) provides 45,856 buildable square feet, as-of-right. Ownership acquired 8,275 square feet of additional air rights from adjacent properties, bringing the total buildable area to approximately 54,131 square feet for commercial or industrial use.

Exclusive agents Michael A. Tortorici, Sean R. Kelly, Jesse Greshin, Victor Sozio and Matthew Lev are representing the owner.

The assemblage enjoys access to copious name-brand retail and a variety of transportation options. Along Jamaica and Archer Avenues sit dozens of credit retail tenants, such as McDonalds, Foot Locker, The Gap and Applebee’s. Major institutions like Jamaica Hospital & Medical Center, the Jamaica YMCA, New York City Finance Department, King Manor Museum and York College are all a short walk from the property.

The Jamaica Transit Center, which provides access to the E, J and Z subway lines, as well as the LIRR and AirTran, are less than a half mile from the property.

Within a 15-minute walk of the property, over 3,000 units are currently under construction for large-scale hotel or residential projects—presenting future owners with tremendous location upside. These developments include: Artimus Construction’s 379-unit project at 147-36 94th Avenue, BRP Companies’ 669-unit Jamaica Crossing development, Century Development’s 70,000 square foot condominium development at 148-31 90th Avenue, and Omni New York’s 400-unit development at 92-23 168th Street.