Misc For Sale

$2,150,000

Jamaica NY, 11432

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  • Icon Attachment Asking Price Realty
  • 2870Icon

    Square Ft

Property Details

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.

More Details

Property Features

Lot Size: 0.07   Lot Sq Ft: 2870

Appliances & Utilities

Water: Public   Sewer: Public Sewer

Financial

Taxes: $7,231

Local Area Information

School District: Ps 86   Block: 9813   Lot: 16

ML#: 823467, City: Jamaica, Price: $2,150,000, Zip: 11432

Disclaimer

The data relating to real estate for sale or lease on this web site comes in part from OneKey™ MLS. Copyright 2024 OneKey™ MLS. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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