This average NYC home is selling for $15 million

This is a dream home – as any buyer would be mortified to pay that price.

A century-old clapboard duplex in Jamaica, Queens, is currently on the market for an eye-catching $15 million.

Luxe amenities include 1.5 baths, three bedrooms, a rusticated chain-link fence, and an eat-in kitchen.

It is nestled in a neighborhood that has seen increased violence, with the local 103rd Precinct reporting 9.5% increases in felony assaults and 35.7% increases in burglaries, so far this year. According to NYPD data,

The two-story home sits atop a 20-by-100-foot lot, and was listed in June 2020 for $10 million.

asking price comparable to a Historic Upper East Side Townhouse Real estate experts are scratching their heads. In fact, $15 million could make you your own private island Off the Belize coast, with better beach vistas than Jamaica Bay.

A single family home in Jamaica, Queens with a listing sign for the listing agent.
The home was previously listed in June 2020 for $10 million.
Stephen Yang

property” will be in the New York Post [again] For the biggest drawdown from the opening price,” quipped a veteran Big Apple broker. “I don’t think they’re going to get $550,000 for that.”

“They’re testing the limits of the market by a long shot,” laughed appraiser Jonathan Miller, who said the median sales price for a single-family property in southern Queens is $678,000.

A 26-year-old family member who owns the home, who would not like to be identified because he claims the family received death threats over the listing, defended the eye-watering price tag.

A side view of a Queens single family home with two cars in front of it.
The family that owns the house believes that a developer will shell out a hefty amount for the land under the house.
Stephen Yang

He said, ‘Look around, there is a lot of development going on. “There was an old open area near this listing that sold for a few million and became an apartment building.”

It is being billed as a “good investment property” on broker databases and is located in an R6A zone This allows for 6- to 8-story apartment buildings, although usually on much larger lots.

City records show that there have been recent seven-digit sales.

A single-family duplex home in Jamaica, Queens, is on the market for $15 million
Family share being sold as violence escalates in Jamaica
Stephen Yang

A multi-family home that’s twice the size across the street sold for $1.7 million in 2018, before filing a permit in 2020 to build a six-story building on the lot.

Still, the listing has attracted neighbors and online gawkers, the seller said.

“People are jealous,” he sniffed. “It’s in human nature that, being someone who did nothing, owned a property and then sold it for a big crazy amount of money and went somewhere else, people envy that.”

Single-family home in Queens, a combination of a Lamborghini, a French castle, and a yacht
Here’s what else $15 million can get you.

What else does $15 million get you:

  • a private island in the caribbean
  • 153 ft long yacht
  • a 48 room french palace
  • 60 2023 Lamborghini Huracans ($248,000 a piece)
  • Pablo Picasso’s “Filet au Bato (Maya)” (1938)
  • 2482 front row tickets (including fees) to a Taylor Swift concert in East Rutherford, NJ.

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