Prime Flushing R6 Development opportunity on a 29' x 135' lot near Kissena Boulevard, Main Street, transportation, shopping, schools, and neighborhood conveniences. Existing building is a spacious two-family with a strong six-over-six layout, plus a legitimate recreation, walk-in level featuring a living room, kitchen, two bedrooms, and bath. Full basement with access from both the rear and interior hallway. Each main apartment measures approximately 21' x 56', offering about 1,176 sq. ft. per level. The first floor provides a legitimate two-bedroom layout; the second and third floors offer three bedrooms and two baths. Both upper apartments feature south-facing balconies. R6 zoning, together with recent City of Yes zoning modifications, may enhance multiple development considerations, including allowable floor area, parking flexibility, unit planning, and overall site efficiency. Based on a 3.0 FAR, the property indicates approximately 11,745 buildable sq. ft., subject to buyer's independent verification with an architect/zoning professional. Excellent opportunity for builders, investors, or end-users seeking strong existing use with expanded future development potential in a high-demand Flushing location.
Estimated Payment
$ 23,625.15 per month $21,237.49 Principal & Interest $1,162.67 Property Tax $1,225.00 Homeowner's InsuranceListing By
Agency Name: Tapestry Real Estate of Queens
Agency Contact: 718-460-1943
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
139-03 Franklin Avenue | MLS# 1002922
This multi-family property located at 139-03 Franklin Avenue , Flushing, NY 11355 is currently listed for sale with an asking price of $4,200,000. 139-03 Franklin Avenue is located within the Queens 25 school district. Search Flushing real estate on www.cbamhomes.com today.