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?

Lots And Land
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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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Listed by:

Alexandre Goulet

Landair Property Advisors, LLC

Demographics in 11435top


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


Total households 18,874
Average people per household 3.08


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


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

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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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