148-49 88 Avenue, Jamaica, NY, 11435
$2,750,000
Misc
For Sale
Details
ML#: 845183
- Year Built: 1931
- Taxes: $42,000
- Status:Active
Description
For Sale – Prime Development Opportunity in Jamaica, Queens! Two adjacent 3-family homes at 148-49 & 148-47 88th Ave, Jamaica, NY 11435 (MLS #845183 & #845201). These properties are located on a combined 6, 000 sqft corner lot with R7A zoning, providing excellent development potential for builders, investors, or developers looking for high-return properties in a fast-growing area.These two properties generates $35, 000/month in rental income, totaling $420, 000/yearly, making this a fantastic income-producing investment. The corner lot offers excellent visibility and access, and the properties are positioned in a prime location near public transportation, highways, shopping centers, and schools.With R7A zoning, these properties allow for high-density residential or mixed-use development, offering significant upside for future redevelopment or expansion. The demand in the area is growing, and this is a rare chance to acquire two adjacent properties with substantial rental income and tremendous future potential.This opportunity won’t last long!
More Property Details
Parking Spaces: Yes
Parking Spaces: 2
Heat: Oil
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $42,000
Listing Information provided courtesy of
Exit Realty DKC
718-676-1371