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Executive Summary

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

Price $3,300,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.07 AC
Zoning R6

1 Lot Available

Lot

Price $3,300,000
Price Per AC $50,704,485.04
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.

Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39839489

  • Date on Market: 3/19/2026

  • Last Updated:

  • Address: 139-01 Franklin Ave, Flushing, NY 11355

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