148-49 88 AVE new Save Request In-Person Tour Request Virtual Tour
Jamaica,NY 11435
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY845183
Year Built 1931
Annual Tax Amount $42,000
Property Sub-Type Duplex
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
Interior
Heating Oil
Cooling Wall/Window Unit(s)
Exterior
Utilities Available Electricity Connected,Natural Gas Available
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None