148-49 88 Ave

queens, NY 11435

$2,750,000

    INTERESTED? LET'S CONNECT

    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!

    Details

    Investment

    $42,000 Annual Tax

    Built in 1931

    MLS/Listing ID 845183

    Amenities & Features

    Construction - Brick

    Heating - Oil

    Cooling - Wall/window unit(s)

    Listing Courtesy of EXIT REALTY DKC, MOHAMMED JIHAN - 929-991-4458

    ONEKEY

    Source of Data: ONEKEY MLS

    Interested in 148-49 88 Ave?