New Listing - 04/05/2025
148-47 88 Avenue, Jamaica, NY, 11435
0 beds
1931
Duplex
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!
Status:
Active
Type:
Single-family residential
Units:
3
Heating:
Oil
Cooling:
Electric
Basement:
Finished, Full
Parking:
2-car
Est. Taxes:
$40,000
Construction
Brick
Utilities
Electricity Connected
MLS #:
845201
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Exit Realty DKC Phone: 718-676-1371