89-02 171st Street, Jamaica, NY 11432

$15,000,000 Asking Price

3 beds
2 baths
1,584  sqft
Built in 1920

We are pleased to present a unique investment opportunity in a highly sought-after R6A zoning district. This corner lot property offers developers an exceptional chance to capitalize on the potential of a vibrant neighborhood.Property Highlights:Location: Strategically situated on a corner lot, this property provides enhanced visibility and accessibility, making it an ideal location for a new residential development.Zoning: The R6A zoning designation allows for a variety of residential building types, including apartments and mixed-use developments.Development Potential: The site's zoning and location present a fantastic opportunity for developers to create a landmark residential project that can cater to a growing demand for housing in the area.Community: The property is located in a dynamic neighborhood known for its blend of residential, commercial, and cultural amenities. Future residents will benefit from proximity to public transportation like subway (both 169 and 179 street F line), busses, close to highway (Grand Central), schools, shopping, and dining options.


Features & Amenities

Interior

Basement:
Finished
A/C:
false, None
Heating:
Natural Gas, Hot Water
Fireplace:
Fireplaces: 0

Exterior

Style:
Other
Parking:
Private, Detached, 1 Car Detached, Garage

Construction

General:
Two

Location

Originating MLS:
onekey
School District:
Queens 29
County:
Queens

Lot

Zoning:
09805-0055

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
onekey
Exclusions:
M3 IAW
Listing Agent Compensation:
0
Buyers Agent Compensation:
2.25

This listing courtesy of:
Karten Real Estate Svcs LLC

About Jamaica, NY

Housing

Number of Units
82,494
Median Home Value
$492,286
Median Rent
$1,367

55.71% of housing units are renter occupied.

5.51% are vacant.

Commute

Car
36.94%
Public Transportation
41.92%
Walk to Work
4.28%
Work from Home
16.13%
Other
0.56%

The median travel time to work is 42 minutes.

People

Population
241,430
Median Age
38.30
Median Household Size
3.21

Education

High School
28.14%
Associate’s Degree
7.77%
Bachelor’s Degree
18.27%
Graduate Degree
9.62%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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