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148-47 88 Avenue, Jamaica, NY 11435

Listing provided by Mohammed Jihan together with EXIT REALTY DKC

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Listing Type
Multi Family
Listing Status
active
2
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$2,750,000

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Home Details for 148-47 88 Avenue
Price
$2,750,000
Type
Multi Family
Year Build
1931
County
Queens
Basement
Finished, Full
Tax
$40,000
MLS®️ Listing#
845201
On exitrealty.com
230 days
Property Description
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!
Property Features
Listing Courtesy: Exit Realty DKC - 718-676-1371
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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EXIT REALTY DKC
3825 East Tremont Ave, Bronx, NY 10465
Mohammed Jihan
License #: 10401391182
Sales Representative
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$2,750,000

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EXIT REALTY DKC
3825 East Tremont Ave, Bronx, NY 10465
Mohammed Jihan
License #: 10401391182
Sales Representative
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