Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
89-02 171st Street
Interested in this property?

$15,000,000

$9,470 per sq ft

89-02 171st Street

Jamaica, Queens

MLS® #RLS10999538

RLS at REBNY

Listing by KARTEN REAL ESTATE SERVICES LLC

Studio

0

Bath

1,584

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Living Area 1,584 sq ft
Lot Size 2,200 sq ft
Year Built 1920
Ownership None
Neighborhood Jamaica

Property Highlights

  • Character: Pre-war building (1920)

Property Details

Type Single Family Residence
Ownership None
Baths 0 Full
Pets Yes
Year Built 1920
Living Area 1,584 sq ft
Structure Type None
Lot Size 2,200 sq ft
Block/Lot 9805/55

Listing History

Event Date Price Change
Listed Jul 28, 2024 $15,000,000 -
Currently May 4, 2026 $15,000,000 -

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.

Features & Amenities

Interior Features

Building None

Building Information

Jamaica is a major commercial and transportation hub in central Queens, featuring a mix of prewar apartment buildings, new construction condominiums, and single-family homes radiating from the Jamaica Center transit hub. The E/J/Z trains, LIRR Jamaica station, and AirTrain JFK converge here, making it one of the best-connected neighborhoods in the city. The downtown area is undergoing significant new residential and commercial development.

Jamaica Live Market Data

View Neighborhood

Active Listings

11

Median Asking Price

$975K

Median $/Sqft

$493

Avg Days on Market

N/A

New This Week

1

Price Reduced

27%

Sold (30 Days)

1

Median Sale Price

$574K

Live data from RLS at REBNY • Updated 5/4/26, 1:32 AM EST

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Location

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89-02 171st Street, Jamaica, Queens County

Building Information

Official NYC property records for this building

1920
Year Built
106 years old
2
Floors
1
Residential Units
R6A
Zoning District
One Family Dwellings

Tax & Assessment

Assessed Value: $54,480
Land Value: $15,840
Exemptions: $1,420

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,200 SF
Building Area: 1,584 SF
Built FAR: 0.72
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 0 full bathrooms.

The listed interior living area is 1,584 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $15,000,000 for 1,584 sq ft, the asking price per square foot is approximately $9,470. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10999538
First Listed: 8/5/2024
On Market: 7/28/2024
Contract Date: 7/28/2024

Listing Courtesy of KARTEN REAL ESTATE SERVICES LLC - Mark Karten

Listing Contact: (917) 502-2635

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 5:32 AM UTC

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