148-47 88 Avenue, Jamaica, NY

$2,750,000

Previous Next

About 148-47 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 148-47 88 Avenue

MLS® # 845201
Price $2,750,000
Bathrooms 0.00
Acres 0.00
Year Built 1931
Type Residential Income
Status Active

Community Information

Address 148-47 88 Avenue
City Jamaica
County Queens
State NY
Zip Code 11435

Amenities

Utilities Electricity Connected
Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Heating Oil
Cooling Electric
Fireplace No
Has Basement Yes
Basement Finished, 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

Request a Showing

Provide a valid email address.
When would you like to view this property?