88-49 163 Street

Owner: Transitional Services For New York

Acquired: January 31, 2022, $2.5 million

Debt: July 10, 2025, $31.1 million

Built: 1910

SF: 2,310

Dwelling units: 1

No. of buildings: 1

Class: Primarily One Family With Store or Office (S1)

Floors: 2

Transactions:

• Transitional Services For New York borrowed $31.1 million from Dime Community Bank, NYS Homeless Housing and Assistance Corporation and NYS Dormitory Authority for 88-49 163rd Street, Jamaica, Queens on July 10, 2025.

• Marcelle Matta Morcos sold 88-49 163rd Street, Jamaica, Queens for $2.5 million to Transitional Services on January 31, 2022.

Development:

• Transitional Services for New York filed new building job Q01043294 for 22,606 sqft R-2 building with 50 apartments in Jamaica, Queens, on May 06, 2024.

• John Pilla Jr filed alteration job Q01335950 for 2,500 sqft building with 0 apartments in Jamaica, Queens, on December 17, 2025.

• Jimmy Hsu filed alteration job Q01296654 for 1,386 sqft building with 1 apartments in Jamaica, Queens, on October 14, 2025.