Nonprofit WellLife Network in contract to pay $9M for dev site in Jamaica

The nonprofit mental health services organization WellLife Network signed a contract to pay $9 million for a development site with the approximate address of 90-20 Parsons Boulevard in Jamaica, Queens, as well as additional air rights, to the seller Grace Episcopal Church. The church has owned portions of the tax block since the mid 19th century.

The contract was disclosed in a petition the church filed seeking New York State Supreme Court approval to sell the property, which is a requirement for nonprofits and religious organizations.

Case LINK
The contract describes the development parcel as having as of right of about 39,000 square feet of development potential, and the church will sell additional air rights so the buyer will have 90,000 square feet of development potential.

WellLife Network plans to build affordable and supportive housing, according to documents filed with the petition.

A summary from the church’s meeting approving the sale to WellLife including information on another bidder, Slate Property Group.

“Slate’s offer has decreased from $9.4 million to $7.75 million due to building constraints, while Well Life [sic] has increased their offer from $8.7 million to $9 million. Both companies plan to build affordable and supportive housing. Ellen recommends accepting Well Life’s [sic] offer as it provides a safer financial floor, despite Slate’s potential for a higher purchase price if rezoning occurs.”

The broker for the seller, RIPCO Real Estate, created a broker’s opinion of value, published with the contract information.

The parcel has frontage of 104 feet and is 75 feet deep with a total lot size of 7,800 square feet. The zoning is C4-5X which allows for up to 4 times floor area ratio (FAR) for commercial and up to 5 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $1.1 million.

Development

Over the past five years, there has been no NYC Department of Buildings new building, demolition, or alteration permit application valued at more than $20,000 filed for this parcel.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

The property was involved in one lawsuit and zero bankruptcies over the past two years. The suit was a $9 million judgment concerning a leave to sell filed on January 22, 2026, by Grace Episcopal Church against WellLife Network.

The neighborhood

In Jamaica, The bulk, or 34 percent of the 29.2 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 14 percent of the space. In sales, Jamaica has near average sales volume among other neighborhoods with $289 million in sales volume in the last two years and is the 7th highest in Queens. For development, Jamaica has near average amount of major developments among other neighborhoods and is the 4th highest in Queens. It had 2.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three of the 10 commercial properties representing 43,111 square feet of the 99,934 square feet. The identified owner is Bldg Management. There are no active new building construction projects on this tax block.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of Parsons boulevard in the past 24 months.

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