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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!
Property Type(s):
Multi Family
| Last Updated | 4/5/2025 | Year Built | 1931 |
|---|---|---|---|
| County | Queens |
Additional Details
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Finished, Full |
| CONSTRUCTION | Brick |
| HEAT | Oil |
| LOT | 0 |
| SEWER | Public Sewer |
| TAXES | 40000 |
| UTILITIES | Electricity Connected |
| WATER | Public |
Location
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Listed with Exit Realty DKC
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The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Suburban Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 4/6/25 7:00 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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