148-49 88 Avenue, Jamaica, NY

$2,750,000

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About 148-49 88 Avenue

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!

Features of 148-49 88 Avenue

MLS® # 845183
Price $2,750,000
Bathrooms 0.00
Acres 0.00
Year Built 1931
Type Residential Income
Status Active

Community Information

Address 148-49 88 Avenue
City Jamaica
County Queens
State NY
Zip Code 11435

Amenities

Utilities Electricity Connected, Natural Gas Available
Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Oil
Cooling Wall/Window Unit(s)
Fireplace No
Has Basement Yes
Basement Full

Exterior

Construction Brick

Additional Information

Date Listed April 5th, 2025
Days on Market 192
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofExit Realty DKC

Listing Map

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