Buy with Yoreevo
$2,695,000
List Price: $2,750,000
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148-47 88 Avenue
House in Jamaica •  building info
studio
Buy with Yoreevo

$2,695,000

List Price

$2,750,000

Key Details
Days on market
63
Last price change
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Estimated payment
$18,977/mo
Taxes
$3,333/mo
Maintenance
N/A
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!

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,750,000
Asking Price: $2,750,000
Term
30 Years
Down Payment
$275,000 (10%)
Min: 10% (275,000)
Rate
6.5 %
Mortgage Amount
$2,475,000
Mortgage Payment
$15,644
Taxes
$3,333
Estimated Yoreevo rebate
$55,000
Estimated closing cost
$100,000
Total monthly cost $18,977
Buy your dream home with us and get an estimated $55,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Exit Realty DKC

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