Buy with Yoreevo
$2,107,000
List Price: $2,150,000
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88-29 163rd Street
House in Jamaica •  building info
studio • 2,870ft² $749 per ft²
Buy with Yoreevo

$2,107,000

List Price

$2,150,000

Key Details
Days on market
83
Last price change
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Estimated payment
$12,834/mo
Taxes
$603/mo
Maintenance
N/A
Description
Prime Development Site - Ready to Build! This exceptional 33 x 86 ft. lot presents a rare opportunity for developers. With plans in place and permits already secured, this project is shovel-ready and poised for immediate construction. Key Highlights: • Approved Plans & Permits: Skip the lengthy approval process – this site is ready to build! • 33-Year Tax Abatement Filed: Benefit from significant long-term tax savings. • R7 Zoning: Allows for an eight-story building. • Parking Waived: Reduces construction costs and maximizes buildable area. • Soil Tests Completed: Ensures a solid foundation for your project. • High FAR (12,000 approx.): Potential to build approximately 20 units. • Ideal Location: Located in the Heart of Jamaica. Close to public transportation, schools restaurants and shopping. Just off of Hillside Ave. Investment Potential: This property offers an excellent opportunity to capitalize on the growing demand for housing in this desirable area. The combination of approved plans, a long-term tax abatement, and a prime location makes this a exceptional investment with long term appreciation in sight considering the improvements and development going on in this area. Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,150,000
Asking Price: $2,150,000
Term
30 Years
Down Payment
$215,000 (10%)
Min: 10% (215,000)
Rate
6.5 %
Mortgage Amount
$1,935,000
Mortgage Payment
$12,231
Taxes
$603
Estimated Yoreevo rebate
$43,000
Estimated closing cost
$80,000
Total monthly cost $12,834
Buy your dream home with us and get an estimated $43,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Daniel Gale Sothebys Intl Rlty

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.