**TRUE 4 FAMILY THAT WILL BE DELIVERED VACANT!** OVERSIZED BUILDING ON A DEAD-END BLOCK FACING FOREST PARK! 8 BEDROOMS AND 7 BATHROOMS!
Welcome to this **RARELY AVAILABLE 4 FAMILY INCOME PRODUCER!
**Building Size: 25ft x 62ft** **Lot Size: 25ft x 100.83ft** **LOW ANNUAL TAXES: $9,376.76**
Your FRONT DOOR IS JUST STEPS FROM FOREST PARK! Nestled on a quiet dead-end block, this home provides peaceful surroundings while remaining incredibly convenient for tenants.
The building is **3 QUARTERS RENOVATED**, giving you the best of both worlds: immediate rental income plus value-add potential.
-Units 1L, 1R, and 2R have been fully transformed into BOXED 2 BEDROOM / 2 FULL BATH APARTMENTS, each featuring **BRAND NEW kitchens, bathrooms, flooring**, and more — they’re **RENT-READY**! -Unit 2L is a 2 Beds/1 Bath Railroad Style (still needs Reno).
*New siding and refreshed hallways give the entire building a modern, clean look. This building calls to future tenants!
**RENTERS LOVE:** * Direct views of **Forest Park — just half a block away!** * Easy access to the **Q11, Q21, and Q55 buses** * Just a **15-minute walk to the Woodhaven J/Z subway line**
**INVESTORS LOVE:** *4 VACANT Units** allow for immediate rental or owner occupancy * Strong potential for an impressive **rent roll** — this is a true **income-producing property**
*Other Key Details:
* Built in 1931 * Frame Construction * Building: 25ft X 62ft * Lot: 25ft X 100.83ft *Zoning: R4-1 *Taxes: $9,376.76
Listed by Amberly Sclar
·
BLT Minimax Realty Inc
·
718-609-0800
Last updated September 04, 2025
·
Source: OneKey #891238
Listing Facts
TypeMulti-family
NeighborhoodForest Park
Bedrooms8
Bathrooms7
Days on Prevu51
Taxes$9,376.76/year
Amenities
Air Conditioning
Location
Mortgage Calculator
Listing History
09/04/2025
Status changed to Active
$1,600,000
09/01/2025
Status changed to Expired
$1,600,000
07/18/2025
Listed by BLT Minimax Realty Inc
$1,600,000
Estimated Closing Costs
Total
$57,340
Attorney Fees
$4,000
NYC Mansion Tax
$16,000
Title Insurance
$7,200
Bank Attorney
$1,500
Mortgage Recording Tax
$24,640
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,600,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 8272 88th Lane
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Year Built: 1931
Architectural Style: Colonial
Construction Materials: Aluminum Siding
Measurements
Building Area Total: 3,100
Building Area Units: Square Feet
Lot Size Acres: 0.05
Lot Size Dimensions: 25,100
Lot Size Square Feet: 2,521
Financial
Taxes
Parcel Number: 03869-0066
Tax Annual Amount: $9,376.76
Tax Assessed Value: $208,350.00
Tax Year: 2024
Interior
Features
Interior Features: Eat-in Kitchen
Rooms
Basement: Bilco Door(s), Full, Unfinished
Has Basement: Yes
Bathrooms Full: 7
Bathrooms Total Integer: 7
Bedrooms Total: 8
Utilities
Equipment
Cooling: Central Air, Ductless, ENERGY STAR Qualified Equipment
Heating: ENERGY STAR Qualified Equipment
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
The data relating to real estate for sale on this website comes in part from the IDX
Program of OneKey™ MLS. The source of the displayed data is either the property owner
or public record provided by non-governmental third parties. It is believed to be reliable
but not guaranteed. This information is provided exclusively for consumers’ personal,
non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
