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For sale
  • $2,750,000

    148-47 88 Avenue, Jamaica, NY 11435

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1931
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Corner lot
    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!
    141 days
    on Zillow
    |
    46
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 11, 2025 at 02:41am

    Listing by:

    Exit Realty DKC 718-676-1371,

    Mohammed Jihan 929-991-4458,

    Md Zubayer Hossain Dhali 347-479-6916,

    Exit Realty DKC

    Source: OneKey® MLS,MLS#: 845201MLS Logo
    Travel times

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    Next available tour time:Today at 11am

    Facts & features

    Interior

    Heating
    • Oil
    Cooling
    • Electric
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    Details
    • Parcel number: 096940043
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick
    Condition
    • Year built: 1931

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & HOA

    Location
    • Region: Jamaica

    Financial & listing details

    • Tax assessed value: $1,465,000
    • Annual tax amount: $40,000
    • Date on market: 4/5/2025
    • Listing agreement: Exclusive Right To Sell
    • Electric utility on property: Yes
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