#865089, Listing office: Skyline Residential & Comm Inc
Property details
About 148-47 88th Ave
For Sale – Prime Development Opportunity in Jamaica, Queens! Two adjacent 3-family homes at 148-49 & 148-47 88th Ave, Jamaica, NY 11435 (MLS #845183 & #845201). These properties are located on a combined 6,000 sqft corner lot with R7A zoning, providing excellent development potential for builders, investors, or developers looking for high-return properties in a fast-growing area. These two properties generates $35,000/month in rental income, totaling $420,000/yearly, making this a fantastic income-producing investment. The corner lot offers excellent visibility and access, and the properties are positioned in a prime location near public transportation, highways, shopping centers, and schools. With R7A zoning, these properties allow for high-density residential or mixed-use development, offering significant upside for future redevelopment or expansion. The demand in the area is growing, and this is a rare chance to acquire two adjacent properties with substantial rental income and tremendous future potential. This opportunity won’t last long!
Highlights
Home typeOther
HeatingOil
StatusActive
CoolingElectric
BasementYes
Year built1931
MLS #845201
Summary
- Basement: Yes
- Heating: Oil
- Cooling: Electric
- List Price: $2,750,000
- Year Built: 1931
- MLS Number: 845201
- MLS Name: ONEKEY2
- Office Name: Exit Realty DKC
- Office Phone: (718) 676-1371
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Last updated on: 7/20/2025, 12:41:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
P.S. 82 Hammond School
Public District KG-5
0.1 mi
•8802 144th St
6
P.S. 117 J. Keld-Briarwood School
Public District PK-5
0.5 mi
•8515 143rd St
5
P.S. 54 Hillside School
Public District KG-5
0.6 mi
•8602 127th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,786. Typical income of Jamaica, NY residents is between $35k-100k annually. Typical family type is married, with kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
36%
<35k
52%
35k-100k
8%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
13%
Single, with Kids
23%
Married, No Kids
33%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
33%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Jack In The Box
What do the neighbors drive?
Lexus
BMW
Toyota
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 148-47 88th Ave
The listing price of 148-47 88th Ave property is $2,750,000.
The property 148-47 88th Ave is a house located in Jamaica, New York, 11435.
Active Listing: 148-47 88th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 148-47 88th Ave are: P.S. 82 Hammond School (GreatSchools Rating 3/10), P.S. 117 J. Keld-Briarwood School (GreatSchools Rating 6/10), P.S. 54 Hillside School (GreatSchools Rating 5/10), J.H.S. 217 Robert A. Van Wyck (GreatSchools Rating 4/10), M.S. 358 Queens (GreatSchools Rating 6/10), P.S. 164 Queens Valley School (GreatSchools Rating 7/10), Young Women's Leadership School-Queens (GreatSchools Rating 6/10), Hillcrest High School (GreatSchools Rating 3/10), Queens Satellite High School for Opportunity (GreatSchools Rating 1/10).
The property at 148-47 88th Ave has 0 bedroom and 0 bathroom.
The year of construction for 148-47 88th Ave is 1931.
This home is located at 148-47 88th Ave in Jamaica, NY and zip code 11435 in the Southeastern Queens neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since April 5, 2025 and is currently priced at $2,750,000.
Over 232 listings were sold over their listed price in June 2025 in Jamaica, NY. In the same period over 715 listings were sold below the listed price and 1007 listings were sold for the listed price. The inventory of homes for sale in Jamaica, NY between May and June 2025 decreased by 4.3%. The median list price of listings available in June 2025 was $881,252, while the average time on the real estate market was 99 days.
From Rocket Homes Real Estate and based on county public records data.