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$14,812,500
List Price: $15,000,000
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89-02 171st Street
House in Jamaica •  building info
studio • 1,584ft² $9,470 per ft²
Buy with Yoreevo

$14,812,500

List Price

$15,000,000

Key Details
Days on market
156
Last price change
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Estimated payment
$85,806
Taxes
$477
Monthly maintenance
N/A
Description
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.

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Building info

History
What it'll cost
Purchase price
$15,000,000
Asking Price: $15,000,000
Term
30 Years
Down Payment
$1,500,000 (10%)
Min: 10% (1,500,000)
Rate
6.5 %
Mortgage Amount
$13,500,000
Mortgage Payment
$85,329
Taxes
$477
Estimated Yoreevo rebate
$187,500
Estimated closing cost
$845,000
Total monthly cost $85,806
Buy your dream home with us and get an estimated $187,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of KARTEN REAL ESTATE SERVICES

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