$15,000,000
Updated 2 years ago
Off Market

89-02 171st Street

Jamaica, Queens | 89th Ave & 90th Ave

1,584 Square FeetSingle Family

$15,000,000
floors / apts2 / 1
Lot Size22'x100'
Built Size15'x48'
ZoneR6A
Building TypeHouse
RE Taxes$5,720
Price Per SF
$9,470

Listing Features

  • No AC
  • Radiator

Property Description for 89-02 171st Street

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 project that can cater to a growing demand for housing in the area.Community: The property is located in a dynamic neighborhood known for its blend of residential, commercial, and cultural amenities. Future residents will benefit from proximity to public transportation like subway (both 169 and 179 street F line), busses, close to highway (Grand Central), schools, shopping, and dining options.

Building Details for 89-02 171st Street

OwnershipSingle Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts2/1
Learn More About the Building

Contact Agent

Contact Agent

Mark Karten
Karten Real Estate Services

Jamaica | Queens

Quick Profile

Jamaica Queens is buzzing. Although it doesn’t have the same level of excitement or sensory overload that Times Square imparts on its visitors, it’s a bustling city center just brimming with activity. The courts, government offices, hospitals, colleges, ethnic restaurants of every kind, big box retailers and mom-and-pop shops – the neighborhood has a lot going on at any given moment.

 Jamaica, a diversely populated middle-class neighborhood located in southeastern Queens has a huge commercial and retail district with a residential component too. Its boundaries are Hillside Avenue to the northwest, Van Wyck Expressway to the south, Linden Boulevard to the southeast, and 188th Street and Jamaica Boulevard to the northeast.

 Jamaica has a similar history to other areas of Queens and Manhattan. Indigenous tribes called it home until the Dutch arrived in the mid-1600s. They purchased the land for a very small amount (history says two rifles, a fur coat, and some gun powder). Dutch Governor Peter Stuyvesant named it Rustdorp, which translates to rest town. English colonists took over the lands from the Dutch around 1655 and changed the name to Jamaica.

 In the late 1770s, Jamaica became a popular trading post and it was eventually incorporated into a village in 1814. In 1834, B and J Railway Company built a train line connecting Brooklyn to Jamaica. It didn’t last long because B and J Railway ran out of money to keep the trains operational. New investors stepped in and saved the company. They renamed the organization the Long Island Rail Road Company.

 In 1898, Queens became part of New York City and served as the county seat for Manhattan.

 Today’s Jamaica has a thriving business district that represents the diversity of Queens. West Indian grocery stores, African American bath and beauty supplies, South American eateries, Indian owned electronic stores, Italian grocers, South East Asian markets line the streets selling their goods and services.

 There are even green spaces in this densely populated urban neighborhood. Rufus King Park, Marconi Park, Jamaica Playground, Saint Albans Park and Baisley Pond Park are just a few of the more notable ones.  

 Jamaica is accessible with plenty of transportation options. Jump on the Long Island Railroad and be in Manhattan in 35 minutes, or head the other direction to Montauk or the Hamptons. The Air Train takes you to John F. Kennedy International Airport. Subway and bus lines will whisk you to Manhattan, Brooklyn, or further into Queens.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 96938TH