139-03 Franklin Avenue,Flushing, NY 11355
Flushing, NY 11355
Description
Unique redevelopment opportunity in an R6 zoning district with substantial Community Facility development potential. The property currently features two residential units, each offering approximately 1,200 square feet of living space with three bedrooms, two baths, and a private terrace. Both units will be delivered vacant at closing, providing immediate flexibility for occupancy, renovation, income generation, or future redevelopment. The existing first-floor recreation level presents an attractive opportunity for conversion to community facility use, while the upper residential floors may be retained, reconfigured, or incorporated into a broader redevelopment plan. Purchasers may wish to explore the potential for a significant horizontal enlargement, creating a unique mixed-use configuration that combines community facility space with residential occupancy. Particularly well suited for adult day care providers, child care and early education programs, senior service organizations, social service agencies, counseling and wellness centers, educational programs, religious institutions, and other qualifying community facility users. Exceptional Flushing location offering long-term value and redevelopment potential.
Details
| MLS # | 1002922 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 103 |
| Listing Provided By | Tapestry Real Estate of Queens | James S. Powers |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,339 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.09 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Hot Water, Natural Gas |
| Interior Features | First Floor Full Bath |
Exterior
| Exterior Features | Balcony |
|---|---|
| Construction Materials | Brick |
| Fencing | Back Yard, Chain Link |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 128640 |
| Tax Annual Amount | 13952.36 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Flushing |
| Zip Code | 11355 |
| School District | Flushing High School |
| Elementary School | Ps 184 Flushing Manor |
| High School | Flushing High School |
| Listing VS Median (in 11355) | |
Price: $3,800,000 low | high Med: $622,500 sqft: 3,339 low | high Med: 485 $ / sqft: $1,138 low | high Med: $1,290 On site: 103 low | high Med: 29.5 | |
Market Activity 11355
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Flushing |
| Zip Code | 11355 |
| School District | Flushing High School |
| Elementary School | Ps 184 Flushing Manor |
| High School | Flushing High School |
| Listing VS Median (in 11355) | |
Price: $3,800,000 low | high Med: $622,500 sqft: 3,339 low | high Med: 485 $ / sqft: $1,138 low | high Med: $1,290 On site: 103 low | high Med: 29.5 | |
