Sadya Liberow completed the strategic assemblage of seven contiguous lots in Jamaica, Queens, NY; creating a lot square footage of 16,291 square feet. The properties involved are located at 95-08 to 95-22 147th Place, 95-09 Sutphin Boulevard, and 147-18 95th Avenue, and were acquired through transactions with three separate sellers for a total purchase price of $9,625,000. This equates to an acquisition cost of approximately $118 per buildable square foot, based on the project’s total buildable area of 81,455 square feet.
Plans have been filed to develop a 10-story, 100-foot-tall mixed-use building at the site. The proposed project will encompass the full buildable area and feature 118 residential units, commercial space, and 50 parking spots. This assemblage highlights Jamaica, Queens, as an increasingly sought-after location for large-scale, mixed-use developments, reflecting the neighborhood’s potential for significant economic growth and urban revitalization.
