$1,295,000
Active
1 days on market
14812 97th Ave
📍 Jamaica, Jamaica, NY 11435
Other
Type
About this property
DEVELOPMENT SITE — R8A / SPECIAL DOWNTOWN JAMAICA DISTRICT. Rare opportunity to acquire a 25 x 100 lot (2,500 SF) rezoned under the 2025 Jamaica Neighborhood Plan, delivering over 8x the density of the prior zoning. Build up to 15,050 BSF as-of-right (6.02 FAR) or up to 18,000 BSF with the Universal Affordability Preference bonus (7.20 FAR). Community facility FAR of 6.50 allows 16,250 BSF. Max height approx. 120 ft as-of-right, 135 ft with qualifying affordable housing. Currently improved with a 2.5-story detached 1-family (approx. 1,800 SF, built 1925), delivered in place — ideal for land banking, assemblage, or immediate development filing. Approx. 13,250 SF of unused as-of-r
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Amenities & features
Key facts
Development site
2,500 sq ft lot
Property details
Property typeOther
Listing statusActive
Lot size2,500 sqft
Days on market1 days
MLS #1024598
Estimated monthly payment
Listing price$1,295,000
Down payment (20%)$259,000
Loan amount$1,036,000
Principal & interest (7%, 30yr)$6,892/mo
Property tax (est.)$1,259/mo
Home insurance (est.)$539/mo
Estimated total$8,690/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.