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 |
| Status | Active |
Community Information
| Address | 148-49 88 Avenue |
|---|---|
| City | Jamaica |
| County | Queens |
| State | NY |
| Zip Code | 11435 |
Additional Information
Listing Details
| Office | Exit Realty DKC |
|---|