89-02 171st Street, New York City, NY 11432
Listing Courtesy of KARTEN REAL ESTATE SERVICES LLC
$15,000,000
Potential Rebate: $225,000
Overview
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.
Estimated Monthly Payment
$74,120 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$225,000
Monthly savings impact
$625/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of KARTEN REAL ESTATE SERVICES LLC
Data Source: TRESTLE #RLS10999538
Price Analysis
Compare average listing prices and value metrics for 89-02 171st Street against the surrounding Jamaica market.
Average List Price
Price Per SqFt
198.06% Higher
than the Jamaica price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Jamaica.
Jamaica
Overview of Jamaica
Jamaica is the administrative and transit capital of Queens. It is a massive transportation hub and commercial center. For buyers seeking Jamaica Queens real estate, it offers unprecedented convenience and growth potential.
Living in Jamaica is busy. It is a city within a city. As a Queens NYC neighborhood, it is the busiest.
Real Estate & Housing Market
The market for homes for sale in Jamaica is varied, from new high-rise condos to older single-family homes on the outskirts.
It is a major focus for city investment and rezoning.
Lifestyle & Community
The lifestyle in Jamaica is fast-paced. Jamaica Avenue is a legendary shopping district.
Transportation & Accessibility
Jamaica Station is the transit heart of Long Island. LIRR, E, J, Z trains, and the AirTrain to JFK all meet here.
Parks, Schools & Amenities
Rufus King Park provides a historic green oasis downtown.
Amenities: CUNY York College and major courthouses are here.
Who This Neighborhood Is Best For
Jamaica is best for commuters, investors, and those who want to be at the center of the action.
