88-29 163rd Street, New York, (Jamaica), NY, 11432
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.
Status:
Active
Town:
New York
Type:
Lot / Acreage
Acreage:
0.07
Est. Taxes:
$7,231
Current Use
Multi-Family
Utilities
Electricity Available, Phone Available, Sewer Available, Water Available
Elementary School:
Ps 86
Middle School:
Jhs 217 Robert A Van Wyck
High School:
Hillcrest High School
School District:
Community District 28
Days on Market:
1
MLS #:
823467
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Daniel Gale Sothebys Int'l 516-466-4036