NY > Jamaica
Jamaica, NY 11435,148-47 88 AVE
Jamaica, NY 11435,148-47 88 AVE
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$2,750,000
Est. payment /mo
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148-47 88 AVE Jamaica, NY 11435

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Omar Harper

Omar Harper

+1(845) 209-0133

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY845201

Originating Board onekey2

Rental Info No

Year Built 1931

Annual Tax Amount $40,000

Property 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!

Location

State NY

County Queens

Rooms

Basement Finished, Full

Interior

Heating Oil

Cooling Electric

Fireplace No

Exterior

Utilities Available Electricity Connected

Total Parking Spaces 2

Garage false

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Senior Community No

Special Listing Condition None

Listed by Exit Realty DKC

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agent

Omar Harper

Broker Associate

+1(845) 209-0133

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148-47 88 AVE

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