MLS # | 823467 |
Details | Lot Size: 0.07 acres (DOM): 34 days |
Taxes (per year) | $7,231 |
Bus | 1 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 | |
Subway | 5 min: F |
8 min: E, J, Z | |
LIRR | 0.8 miles: "Jamaica" |
1.7 miles: "Hollis" | |
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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. © 2024 OneKey™ MLS, LLC