Misc For Sale
$2,150,000
Jamaica NY, 11432
-
2870
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.


















