88 29 163rd Street
Jamaica, NY 11432
- – beds
- – baths
- – sqft
- 2,870 sqft lot
- – on site
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.
Last checked:
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Last updated Feb 20, 2025
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MLS# 823467 —
The Building
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Building Area Units:Square Feet
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Development Status:Building Permit Obtained
Financial & Terms
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Lease Considered:false
The Property
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Lot Size Acres:0.07
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Property Type:Land
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Lot Size SqFt:2,870 Sqft
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Current Use:Multi-Family
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# of Lots:1
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Lot Size Dimensions:33x87
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Waterfront:false
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Water Access:No
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Road Frontage Type:Municipal
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Horse:false
Listing Agent
- Contact info:
- Agent phone:
- (917) 797-9466
- Office phone:
- (516) 466-4036
Taxes
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Tax Year:2025
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Tax Source:Municipality
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Tax Annual Amount:7231.4
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Tax Lot:16
The Listing
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Special Listing Conditions:None
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Virtual Tour URL Branded:
Utilities
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Sewer:Public Sewer
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Utilities:Electricity Available, Phone Available, Sewer Available, Water Available
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Water Source:Public
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Electric Company:Con Edison
Schools
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High School:Hillcrest High School
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Elementary School:Ps 86
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High School District:Queens 28
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Middle School:Jhs 217 Robert A Van Wyck
The Community
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Association:false
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Senior Community: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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/19/25
Feb 19, 2025
|
Listed / Active | ONEKEY | $2,150,000 |
