City files plans for 53K sf school in Jamaica

Joseph Scalisi of the NYC School Construction Authority submitted a new building construction project for a 53,395 square-foot school (E) building at 107-01 Wren Place in Jamaica, Queen. The plan was filed on October 4, 2022. It calls for the construction of a 65-foot-tall, four-story building and was filed with the New York City Department of Buildings under job number Q08012928. The architect is Rktb Architects. The project is described in the filing as: 220112 – herewith filing 4-story new school building. An existing school is on the tax lot.

The property

The 107-01 Wren Place parcel has frontage of 195 feet and is 380 feet deep with a total lot size of 74,000 square feet. The zoning is R4-1 which allows for up to 0.75 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $6.2 million.

Prior sales and revenue

The specialty building in Jamaica has 37,000 square feet of built space and 18,500 square feet of additional air rights for a total buildable of 55,500 square feet according to a PincusCo analysis of city data. The property is owned by the City of New York.

Violations and lawsuits

According to city public data, the property has received $1,250 in ECB penalties and $1,250 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property since September of 2020.

The neighborhood

In Jamaica, the bulk, or 29 percent of the 27.3 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 15 percent of the space. In sales, Jamaica has near average sales volume among other neighborhoods with $308.3 million in sales volume in the last two years and is the 5th highest in Queens. For development, Jamaica has near average amount of major developments among other neighborhoods and is the 3rd highest in Queens. It had 3 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owner of the one commercial property that spans that spans 37,000 square feet on the block.The identified owner is City of New York. On the tax block, there was one new building construction project filed totaling 53,395 square feet. It is a 53,395 square-foot E building developed by Joseph Scalisi with plans filed October 4, 2022 and it has not been permitted yet.

The owner

The PincusCo database currently indicates that City Of New York owned at least 2,814 commercial properties in New York City with 151,682,987 square feet and a city-determined market value of $31.5 billion. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 91 percent of the 151,682,987 square feet of built space are specialty properties, with office properties next occupying 4 percent of the space. The bulk, or 39 percent of the built space, is in Brooklyn, with Bronx next at 23 percent of the space.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of 107-01 Wren Place in the past 24 months.

Direct link to the property’s ACRIS page and link to DOB NOW portal.