For Sale

Listing Provided by Daniel Gale Sotheby's International Realty

88-29 163rd Street,
Jamaica, NY 11432

$2,150,000

0.07

Acres

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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
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

School Information

District Queens 28
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.

Listing Map

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