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$1,372,000
List Price: $1,400,000
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8830 172nd Street
House in Jamaica •  building info
8bd • 4ba • 2,852ft² $491 per ft²
Buy with Yoreevo

$1,372,000

List Price

$1,400,000

Key Details
Days on market
3
Last price change
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Estimated payment
$8,739/mo
Taxes
$775/mo
Maintenance
N/A
Description
The three-family detached home at 88-30 172nd St, Jamaica, NY 11432, (2/3 Floors Del. Vacant) is a standout investment opportunity, offering 10 bedrooms, 4 bathrooms, and a fully finished basement across its 2,852 sqft structure on a 40x100 ft (4,000 sqft) lot zoned R4-1, ideal for multi-unit residential development. Configured as three independent units (1st floor: 4bd/2ba, 2nd floor: 4bd/1ba, 3rd floor: 3bd/1ba) with a basement featuring an additional bathroom, this property maximizes rental income potential, while the 4-car driveway adds rare parking convenience in an urban setting. Low annual taxes and R4-1 zoning—which permits medium-density housing—allow flexibility for expansion, conversions, or as-of-right upgrades to boost value. The finished basement could serve as a fourth rental unit or shared amenities, enhancing cash flow. Located in Jamaica, a transit-rich neighborhood with proximity to NYC commuter hubs, this property caters to investors seeking high-yield rentals, house-hacking, or value-add projects. *Sold as-is*, its turnkey setup and scalability make it a prime asset for leveraging Queens' robust rental demand, with room to modernize or reconfigure layouts for higher returns. Due diligence on zoning and renovation feasibility is advised to unlock its full potential.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,400,000
Asking Price: $1,400,000
Term
30 Years
Down Payment
$140,000 (10%)
Min: 10% (140,000)
Rate
6.5 %
Mortgage Amount
$1,260,000
Mortgage Payment
$7,964
Taxes
$775
Estimated Yoreevo rebate
$28,000
Estimated closing cost
$51,000
Total monthly cost $8,739
Buy your dream home with us and get an estimated $28,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Best American Homes Inc

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