As the City Council examines the Jamaica rezoning, property values and sale asking prices have quietly risen in some of the areas where the proposed zoning would allow taller buildings.
Jamaica's real estate prices climb
According to more up-to-date maps from the Department of City Planning, the area would be rezoned R7A, which has a maximum building height of 65-80 feet and would allow 25,000 square feet of residential space to be built on the site.
Massey Knakal has the 6,250-square-foot lot at 88-09 153rd St. listed as a development site and notes in its Web listing that the "site lies within an R6 zoning district and has a residential development potential of approx. 15,188 square feet." The listing then notes that the area "is proposed to be rezoned to R6A in early 2007" and recalculates the potential buildable square footage at 18,750 if the change occurs.
1936 Photo of King Manor from NYC Parks Department