88-29 163rd ST Active Save Request In-Person Tour Request Virtual Tour
Jamaica,NY 11432
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY823467
HOA Y/N No
Originating Board onekey2
Rental Info No
Annual Tax Amount $7,231
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 33x87
Property 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.
Location
State NY
County Queens
Interior
Fireplace No
Exterior
Utilities Available Electricity Available,Phone Available,Sewer Available,Water Available
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ps 86
Middle Schools Jhs 217 Robert A Van Wyck
High Schools Hillcrest High School
School District Queens 28
Others
Senior Community No
Special Listing Condition None