$1,450,000

138-02 101st Ave Briarwood, NY 11435

Richmond Hill Neighborhood

Estimated payment $8,720/month

Total Views 1,836
5 Beds
3.5 Baths
1,992 Sq Ft
$728 Price per Sq Ft

About This Home

Introducing a prime real estate opportunity in Jamaica Queens, NY, located within the Greater Transit Zone in a mixed-use district of R5 and C1-4 zoning. This corner property, with dimensions of 58' x 100' and a total lot size of 5,800 sq ft, is eligible for designation as a "Qualifying Residential Site" due to its size and location. This allows for a significant increase in Floor Area Ratio (FAR) from 1.5 to 2.0, enabling up to 11,600 residential buildable sq ft, or approximately 17 residential units over five floors. Additionally, the site may accommodate an extra 0.50 FAR in commercial space (2,900 sq ft), bringing the total buildable area to 14,500 sq ft. There are no affordable housing requirements to achieve the maximum FAR, and applying for the optional 485X Tax Abatement can provide additional financial incentives. Furthermore, parking requirements are fully waived, offering increased flexibility for developers to build market-rate condos, affordable housing, or mixed-use projects. This property offers a unique opportunity to tap into the growing demand for housing in Downtown Jamaica. Current structure is a 1,992 sq ft two-family dwelling that can be delivered vacant

Listing Agent

Christopher Daniels

Landair Property Advisors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,708

Lot Details

  • 5,800 Sq Ft Lot

Interior Spaces

  • 1,992 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • Jamaica Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,708

Lot Details

0

Listing Details

  • InteriorAmps: 0
  • Number Of Stories: 2
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Jamaica
  • PropertyTownship: Queens
  • Prop. Type: Multi-Unit (2-4)
  • PropertyZipCode: 11435
  • PropertyZoneType: 200
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 1992

Garage/Parking

  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 5800
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 5
  • Total Taxes: 7708

Tax Info

  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2025 03/15/25 For Sale $1,450,000 0.0% --
03/14/2025 03/14/25 For Sale $1,450,000 -- $728 / Sq Ft
Source: NY State MLS

Source: NY State MLS

MLS Number: 11453731

NY State MLS

New York Queens County Briarwood 11419 Richmond Hill

138-02 101st Ave, Briarwood, NY

Homes for Sale in Briarwood, NY

This home is located at 138-02 101st Ave, Briarwood, NY 11435 and is currently priced at $1,450,000, approximately $727 per square foot. 138-02 101st Ave is a home located in Queens County with nearby schools including P.S. 55 - Maure, Catherine & Count Basie Middle School 72, and Hillcrest High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NY State MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Christopher Daniels
Listing Agent
Christopher Daniels
Section Image
Landair Property Advisors, LLC
(929) 362-6756