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139-01 Franklin Ave - 3 Family Home in the Heart of Flushing 0.07 Acres of Commercial Land Offered at $2,980,000 in Flushing, NY 11355
Executive Summary
Exceptional opportunity to own a well-maintained 3-family property in one of the most desirable locations in Flushing, Queens. This versatile property is perfect for both end-users and investors seeking strong rental income potential, as multi-family homes in Flushing remain in high demand due to the area's vibrant community and convenience.
The building features three spacious units:
1st Floor: 2 bedrooms, 1 full bathroom
2nd Floor: 3 bedrooms, 2 full bathrooms
3rd Floor: 3 bedrooms, 1.5 bathrooms
Each unit offers generous living space, ideal layouts, and great natural light.
Property highlights include:
Private backyard – perfect for outdoor enjoyment
Indoor garage for secure parking
Two additional parking spaces in front of the house
Separate living spaces ideal for owner-occupancy with rental income
Conveniently located near shopping, restaurants, schools, and public transportation, this property offers both comfort and accessibility in a prime Queens location.
Don’t miss this rare opportunity to own a solid multi-family home in the center of Flushing!
Prime Development Opportunity – Flushing, Queens
Rare offering of a 21' x 135' extra-deep lot located on Franklin Ave between Main St and Kissena Blvd, one of the most sought-after corridors in Flushing.
Zoned R6, this property offers excellent development flexibility:
Up to 3.0 FAR for standard residential development
Up to 4.8 FAR for residential and community facility use
Additional bonus FAR available for affordable housing (Inclusionary Housing Program)
The lot’s exceptional depth (135 ft) provides a highly efficient layout for developers, allowing for better unit mix, light, and design flexibility.
Situated in a prime, high-demand location just minutes from Main Street’s transportation hub, shopping, restaurants, and schools, this site is ideal for:
Residential rental development
Condo projects
Community facility (medical, educational, etc.)
Affordable housing with maximum buildable potential
Strong upside potential in one of Queens’ most active and resilient markets.
Property Facts
1 Lot Available
Lot
| Price | $2,980,000 | Lot Size | 0.07 AC |
| Price Per AC | $45,787,686.49 |
| Price | $2,980,000 |
| Price Per AC | $45,787,686.49 |
| Lot Size | 0.07 AC |
Lot Size: 21' x 135' Highlights: Extra-deep lot, offering strong potential and added appeal for developers.
Description
Exceptional development opportunity in the heart of Flushing. This 21' x 135' extra-deep lot is ideally positioned on Franklin Avenue between Main Street and Kissena Boulevard, offering both prime location and strong buildable potential. Located within an R6 zoning district, the property allows for versatile development options, including residential, community facility, and affordable housing projects. The lot’s unique depth of 135 feet provides added flexibility for efficient layouts, increased unit yield, and enhanced design possibilities. Surrounded by vibrant retail, dining, and transportation along Main Street, the property benefits from high demand and continued neighborhood growth. This is an ideal site for developers seeking to capitalize on one of Queens’ most dynamic and established markets.
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139-01 Franklin Ave - 3 Family Home in the Heart of Flushing
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