87-15 115th Street is a office building and development site in the Richmond Hill area of Queens. Developers will benefit from the R6A, C2-4 zoning by being able to build an as-of-right 22,275 Sq. Ft. mixed-use building with (32) units and 515 Sq. Ft. of retail space (proposed). The property is currently built as a 8,280 Sq. Ft. office building with (2) month-to-month tenants paying approximately $11,000/month total. The lot has 75′ of frontage and 99′ of depth. The rectangular lot size will create very efficient floorplates in the future building. 87-15 115th Street Avenue is located .3 miles from the 111th Street Subway Stop which provides access to Manhattan in under 40 minutes and to Jamaica in under 10 minutes. The property also benefits from close proximity to high-traffic retail thoroughfares including Jamaica Avenue, Myrtle Avenue, and Atlantic Avenue. This property represents a perfect opportunity for a developer to take advantage of Richmond Hill’s strong rental demand and supply-constricted housing.
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