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139-03 Franklin Avenue , Flushing, NY 11355

$4,200,000
  • 139-03 Franklin Avenue , Flushing, NY 11355 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#1002922
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLQueens 25

Property Description

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.

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 jzaid.coachrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Hot Water, Natural Gas
Home Style: Colonial
Lot Size: 0.09 Acres
Taxes: $13,952
Year Built: 1960

Amenities

First Floor Full Bath

Feature Descriptions

Building Area Total: 3339
Exterior: Brick
Heating Units: 1
Heating Zones: 4
House Faces: South
Lot Dimensions: 29X135
On Market Date: 2026-05-27
Parcel Number: 05135-0042
Parking Features: Driveway
Parking Total: 3
Property Attached Y/N: 1
Rental Term: Monthly
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Connected
Water: Public

Local Schools

High School: Flushing High School
Middle School: Is 237
Elementary School: Ps 184 Flushing Manor
School District: Queens 25

Listed By / Shown By

Listing By

Agency Name: Tapestry Real Estate of Queens
Agency Contact: 718-460-1943

Shown By

Agent Name: Josh Zaid
Agent Phone: Cell: (631) 807-1857
Agency Title: Howard Hanna | Coach Realtors

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Estimated Payment

$ 20,424.87 per month $18,037.21 Principal & Interest $1,162.67 Property Tax $1,225.00 Homeowner's Insurance

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