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89-02 171st St, Jamaica, NYC

Home › Listings › Jamaica › 89-02 171st St

$15,000,000
Active 1 days on market
MLS# 1060997

89-02 171st St

📍 Jamaica, Jamaica, NY 11432

3.0
Beds
2.0
Baths
1,584
Sqft
$9,470
Per sqft
1920
Year built
Multi-family
Type

About this property

We are pleased to present a unique investment opportunity in a highly sought-after R6A zoning district. This corner lot property offers developers an exceptional chance to capitalize on the potential of a vibrant neighborhood. Property Highlights: Location: Strategically situated on a corner lot, this property provides enhanced visibility and accessibility, making it an ideal location for a new residential development. Zoning: The R6A zoning designation allows for a variety of residential building types, including apartments and mixed-use developments. Development Potential: The site's zoning and location present a fantastic opportunity for developers to create a landmark residential projec
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Amenities & features

CORNER LOTR6A ZONINGRESIDENTIAL DEVELOPMENTENHANCED VISIBILITYMIXED-USE DEVELOPMENTSDEVELOPMENT POTENTIAL

Key facts

R6a zoning
Corner lot
Enhanced visibility

Property details

Property typeMulti-family
Listing statusActive
Lot size2,200 sqft
Year built1920
Days on market1 days
MLS #1060997

Estimated monthly payment

Listing price$15,000,000
Down payment (20%)$3,000,000
Loan amount$12,000,000
Principal & interest (7%, 30yr)$79,836/mo
Property tax (est.)$14,587/mo
Home insurance (est.)$6,250/mo
Estimated total$100,673/mo

Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.

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