88-29 138 St Queens, NY 11435
- Retail properties
- 7,850 SF
Current Use by Public Records
- Retail properties
Property Details for 88-29 138 St
- Property size
- 7,850 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
Exceptional investment opportunity in Jamaica, Queens, presents a vacant two-story building on a 26 x 100 foot lot (Block 9619, Lot 53). The property offers 1,269 square feet of existing space and substantial air rights, totaling 7,850 buildable square feet. This translates to a compelling price per square foot of $115. The R6A zoning allows for a maximum buildable floor area ratio of 3.0, unlocking significant development potential. Located in a prime downtown Jamaica location, this property benefits from exceptional transit access, including proximity to the E, J, and Z subway lines, the Long Island Railroad, JFK AirTrain, and Jamaica Hospital Medical Center. The vibrant Jamaica Avenue commercial corridor offers immediate access to shopping and dining, while nearby large-scale developments like The Kira, The Archer Towers, and the Crossing at Jamaica Station underscore the area's growth trajectory. Property taxes for 2021/2022 were $5,990. This is a rare chance to acquire a strategically positioned property with significant upside in a rapidly developing area. The asking price is $899,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8156
- Latitude
- 40.7034
