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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 4/5/2025 |
|---|---|---|---|
| YEAR BUILT | 1931 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| ADULT COMMUNITY | Yes |
|---|---|
| AIR | Wall/Window Unit(s) |
| AIR CONDITIONING | Yes |
| BASEMENT | Full |
| CONSTRUCTION | Brick |
| HEAT | Oil |
| LOT | 0 |
| SEWER | Public Sewer |
| TAXES | 42000 |
| UTILITIES | Natural Gas Available, Electricity Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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