148-47 88 Avenue, Jamaica, NY 11435

Jamaica
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
148-47 88 Avenue,Jamaica, NY 11435
$2,750,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mohammed jihan, md zubayer hossain dhali
Office: exit realty dkc
MLS#:845201
Source:OneKey MLS

Price summary

  • Price:$2,750,000

About this home

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...

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Home facts

  • Year built:1931
  • Listing ID #:845201
  • Added:362 day(s) ago
  • Updated:April 03, 2026 at 10:47 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Finished, Full

Heating and cooling

  • Heating:Oil

Structure and exterior

  • Year built:1931
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,750,000
  • Tax amount:$40,000 (2025)

Parking

  • Total parking spaces:2
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