Jamaica

Address: ‎88-29 163rd Street

Zip Code: 11432

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$2,150,000

MLS # 823467

English

Broker Contact

Daniel Gale Sothebys Intl Rlty Office: ‍516-466-4036

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MLS #‎ 823467
DetailsLot Size: 0.07 acres
(DOM): 34 days
Taxes
(per year)
$7,231
Bus1 min: Q43, Q65
2 min: Q1, Q2, Q3, Q36, Q76, Q77, X68
3 min: Q06, Q08, Q09
4 min: Q110, Q111, Q112, Q113, Q17, Q25, Q34, Q41
5 min: Q24, Q30, Q31, Q54, Q56
6 min: Q83
7 min: Q20A, Q20B, Q4, Q42, Q44, Q5, Q84, Q85
Subway5 min: F
8 min: E, J, Z
LIRR0.8 miles: "Jamaica"
1.7 miles: "Hollis"

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房屋英文概況 English Description

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. © 2024 OneKey™ MLS, LLC

Courtesy of Daniel Gale Sothebys Intl Rlty

公司: ‍516-466-4036




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$2,150,000

MLS # 823467
‎88-29 163rd Street
Jamaica, NY 11432


Listing Agent(s):‎
Are you the listing agent? Sign up to add your name and cell #‎

Office: ‍516-466-4036

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