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4341-4345 Burling St
Flushing, NY 11355
Land For Sale · 0.37 AC

Investment Highlights

  • Two combined development lots
  • Existing development pathway with DOB approval
  • Suitable for developers and investors
  • Potential for residential or mixed-use development
  • Close to transportation, residential neighborhoods and commercial amenities
  • Potential underground parking

Executive Summary

The property is zoned R4 and offers strong potential for residential and mixed-use development. The site benefits from an established development pathway with DOB approval in place. Based on available parameters, the property allows for a Residential FAR of approximately 1.5 (up to 24,000 buildable square feet) and a Community Facility FAR of 0.4 (approximately 6,400 square feet). A proposed development scheme includes approximately 29 condominium units, with a total residential buildable area of approximately 16,000–24,000 square feet, along with 6,400 square feet of community facility space. The cellar level may be fully utilized for community facility or other permissible uses, and the property has the potential to accommodate a two-level underground parking garage. Alternatively, the site offers flexibility for subdivision or townhouse-style development, with the potential to build 5 or more multi-family residences (3-family or greater), each approximately 20 x 70 feet. A recent boring test indicates that the water table is approximately 35 feet or deeper, which is favorable for underground construction and may help reduce development complexity and costs. This prime location is surrounded by established residential and commercial amenities, with convenient access to transportation, making it an excellent opportunity for developers and investors. All development potential, zoning, and usage should be independently verified by the buyer’s architect and/or engineer .

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.37 AC
No. Stories 1
Zoning R4 - Residential

1 Lot Available

Lot

Price $5,880,000
Price Per AC $16,008,319.97
Lot Size 0.37 AC

Located in the heart of Downtown Flushing, this rare development opportunity consists of two combined lots with a total lot size of approximately 16,000 square feet.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 05198-0002
  • 05198-0001
Land Assessment
$45,092
Improvements Assessment
$40,351
Total Assessment
$85,443
  • Listing ID: 41716549

  • Date on Market: 8/12/2026

  • Last Updated:

  • Address: 4341-4345 Burling St, Flushing, NY 11355

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