Newly Constructed Condos and Rentals in Jamaica, NY

Jamaica Estates is uniquely located adjacent to the surrounding community of Greater Jamaica, Queens, NY, and it is witnessing a nearby construction boom mix of high and mid-rise buildings. These new construction projects are poised to transform the bustling downtown Jamaica commercial district. Jamaica, NY, is essentially the epicenter of R7 zoning in Queens, NY, that allows for new construction of medium-density housing. The height factor regulations for R7 areas encourage lower apartment buildings constructed on smaller zoning lots and, on larger lots, taller structures with less lot coverage. As an alternative, some developers may choose to use the optional affordable housing regulations to build lower buildings with better lot coverage.

Typically these construction projects are based in downtown Jamaica proper due to its being in the heart of a transportation hub consisting of the LIRR, AirTrain to John F. Kennedy International Airport, major highways, expressways, and the Metropolitan Transit Authority (MTA) subway are either luxury condominiums or a mix of affordable rental units. Off-street parking is generally required for 60 percent of a building’s dwelling units in an R7-1 district and 50 percent in an R7-2 community, but requirements are lower for income-restricted housing units (IRHU) and are even further modified in certain areas, such as within the “Transit Zone” defined as an area where special lower accessory parking requirements apply for various types of affordable housing including income-restricted housing units. These are generally areas of the city that are within one-half mile of a subway station, where auto ownership rates are among the lowest in the city.

Whether you’re an investor looking to buy a condo or if you’re looking for a newly constructed rental unit, being informed and understanding how zoning regulations apply can assist you when you’re making a decision about what and where to make that real estate purchase or to formalize a rental agreement. Let Jamaica Estates Realty guide you through the process of finding a newly constructed condo or rental unit in an R7 zone that fits your financial goals or housing needs.

Visit JamaicaEstatesRealty.com today.

Jamaica Estates Real Estate