89-10 150th Street, Jamaica, NY 11435

For Sale

Listed by Alexandre Goulet with Landair Property Advisors, LLC
$3,100,000 USD
  • Lots And Land
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Property Summary for 89-10 150th Street Español?

Type
Lots And Land
Sub-Type
Other
MLS Number
10963456
Neighborhood
Jamaica
Zip
11435
School District
28

Description for 89-10 150th Street

89-10 150th Street is a 50' x 126' lot in Downtown Jamaica currently occupied by a (3) family house. This provides the rare opportunity for a developer/investor to build a ~30,000 SF residential building facing Rufus King Park. The lot is located 5 minutes from the Jamaica Transportation Hub, which provides access to (4) subway lines, the Long Island Railroad, and the Air Train. The area has seen tremendous public and private investment in recent years, which has yet to translate into a sharp increase in land prices. The average New Development 1-Bedroom Rents in Jamaica are $2,045 (net effective). The property is currently cash flowing, but can be delivered vacant. This is one of the last remaining development sites on Rufus King Park. This site is located within a designated Opportunity Zone.
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Listing provided by NY State MLS
Copyright © 2021 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Alexandre Goulet

Landair Property Advisors, LLC

Demographics in 11435top

Population

Total population 59,296
Male population 29,447
Female population 29,849
Median age 35.80

Households

Total households 18,874
Average people per household 3.08

Housing

Total housing units 19,742
Owner occupied 6,868
Renter occupied 12,006
Median year built 1953

Income

Median household income 64,086
Average household income 79,861

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Disclaimer


Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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