148 49 88 Avenue
Jamaica, NY 11435
- – beds
- – baths
- – sqft
- 1931 build
- – on site
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!
Last checked:
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Last updated Apr 5, 2025
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MLS# 845183 —
The Building
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Year Built:1931
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Basement:true
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Construction Materials:Brick
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Building Area Units:Square Feet
Interior
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Interior Features:First Floor Bedroom
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (929) 991-4458
- Office phone:
- (718) 676-1371
Taxes
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Tax Year:2024
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Tax Source:Other
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Tax Annual Amount:42000
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Oil
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Utilities:Electricity Connected, Natural Gas Available
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Water Source:Public
The Community
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Senior Community:true
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Pool Private:false
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Spa:false
Parking
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Parking Total:2
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Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/5/25
Apr 5, 2025
|
Listed / Active | ONEKEY | $2,750,000 |
