Overview
The three-family detached home at 88-30 172nd St, Jamaica, NY 11432, (2/3 Floors Del. Vacant) is a standout investment opportunity, offering 10 bedrooms, 4 bathrooms, and a fully finished basement across its 2, 852 sqft structure on a 40x100 ft (4, 000 sqft) lot zoned R4-1, ideal for multi-unit residential development. Configured as three independent units (1st floor: 4bd/2ba, 2nd floor: 4bd/1ba, 3rd floor: 3bd/1ba) with a basement featuring an additional bathroom, this property maximizes rental income potential, while the 4-car driveway adds rare parking convenience in an urban setting. Low annual taxes and R4-1 zoning—which permits medium-density housing—allow flexibility for expansion, conversions, or as-of-right upgrades to boost value. The finished basement could serve as a fourth rental unit or shared amenities, enhancing cash flow. Located in Jamaica, a transit-rich neighborhood with proximity to NYC commuter hubs, this property caters to investors seeking high-yield rentals, house-hacking, or value-add projects. *Sold as-is*, its turnkey setup and scalability make it a prime asset for leveraging Queens’ robust rental demand, with room to modernize or reconfigure layouts for higher returns. Due diligence on zoning and renovation feasibility is advised to unlock its full potential.all