Listing Provided by Daniel Gale Sotheby's International Realty
88-29 163rd Street,
Jamaica, NY 11432
$2,150,000
0.07
Acres
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.
Features of 88-29 163rd St.
MLS# | 823467 |
---|---|
Price | $2,150,000 |
Total Taxes | $7,231 |
Bathrooms | |
Lot Square Footage | 2,870 |
Acres | 0.07 |
Type | Lots & Land |
Status | Active |
Community Information
Address | 88-29 163rd Street |
---|---|
City | Jamaica |
County | Queens |
State | NY |
Zip Code | 11432 |
Amenities
Utilities | Electricity Available, Phone Available, Sewer Available, Water Available |
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Is Waterfront | No |
Has Pool | No |
Interior
Fireplace | No |
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Has Basement | No |
School Information
District | Queens 28 |
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Elementary | Ps 86 |
Middle | Jhs 217 Robert A Van Wyck |
High | Hillcrest High School |
Additional Information
Listing Provided Courtesy of: Daniel Gale Sotheby's International Realty; 516-466-4036
Date Listed | February 19th, 2025 |
---|---|
Days on Market | 1 |
Short Sale | No |
RE / Bank Owned | No |
Offer is made only to participants of the MLS where the listing is filed.