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!
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
- 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#: 845201

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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