105-31 150th Street, New York, NY, 11435
$1,200,000
activeBedrooms
8
Bathrooms
3
Lot Size
2,000 sqft
Year Built
1920
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Welcome to this versatile mixed-use property offering both space and opportunity in the heart of Jamaica, Queens. Priced at $1.2 MIL this legal 2-family home with a storefront is perfect for buyers looking for flexibility, income potential, or a long-term investment. Each residential unit features 4 bedrooms and 1 full bathroom, offering plenty of room for extended family or rental income. The ground-level storefront includes a kitchenette and bathroom, with direct access to a full basement and a large backyard ideal for additional storage, workspace, or outdoor use. What truly sets this property apart is its location. Surrounded by approximately 16 acres of vacant land and positioned with multiple sides facing this open space, it offers a unique setting you don’t often come across. Properties with this kind of positioning can become highly influential within the layout of future development, making this an especially compelling opportunity for buyers thinking long-term. As surrounding land evolves, assets like this already established and strategically placed tend to stand out, offering potential advantages in future planning, positioning, and overall value. This property benefits from newly updated zoning regulations increasing the Floor Area Ratio (FAR) from 2.0 to 6.0, allowing for a significant expansion in buildable potential. With a maximum buildable area of approximately 6,000 square feet, this site is ideal for developers, investors, or end-users looking to capitalize on the area’s continued growth and demand Conveniently located near transportation, shopping, and everyday amenities, this property offers the best of both worlds immediate usability with exciting long-term potential.
Listed by Justin C. LaSalla SFR, Vantage Realty Partners
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of May 4, 2026, 3:19 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.