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    Multifamily Redevelopment Opportunity Title is generated by Realmo AI

    139-03 Franklin Avenue, Flushing, NY 11355

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    For Sale
    $4,200,000

    MULTI_FAMILY - Colonial - Flushing, NY

    Property size:
    2,400 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $1,750/SF
    Added:
    May 27, 2026
    Days on Market:
    30
    Last Refresh:
    Jun 25 at 8:06 pm

    Property Features for 139-03 Franklin Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 3, Bathroom 4, Basement, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 5, Bedroom 8, Bathroom 1
    Parking
    3
    Parking features
    Driveway
    Interior features
    First Floor Full Bath
    Exterior features
    Balcony
    Fencing
    Chain Link
    Basement
    Finished, Walk-Out Access, Full
    Standard status
    Active
    APN
    05135-0042
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13952

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas, Baseboard
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Contact an agent
    James S. Powers

    Listing agent James S. Powers License #31PO0764530

    Listing office Tapestry Real Estate of Queens 199-17 32nd Ave, Flushing, NY

    Listing date May 27, 2026

    MLS# 1002922 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two residential units, each approx. 1,200 SF, with 3 bedrooms and 2 baths
    • Both units delivered vacant at closing for immediate occupancy or renovation
    • First‑floor recreation level available for conversion to community facility use
    • Brick colonial style building with private terrace and balcony
    • Heating includes natural gas hot water and baseboard; cooling via window/wall unit(s)
    • Public water and public sewer; driveway parking and chain link fencing

    Overview

    This redevelopment-focused multifamily property includes two residential units, each with approximately 1,200 square feet of living space. Both units offer three bedrooms, two bathrooms, and a private terrace. At closing, the property will be delivered vacant, giving buyers immediate flexibility for occupancy, renovation, income generation, or redevelopment. The first-floor recreation level presents an opportunity for conversion to community facility use, while the upper residential floors may be retained, reconfigured, or incorporated into a larger redevelopment plan.

    Located at 139-03 Franklin Avenue in Flushing, Queens, the property is positioned within an R6 zoning district. The offering is described as having substantial community facility development potential, and purchasers may wish to explore the possibility of a significant horizontal enlargement to support a mixed-use configuration that combines community facility space with residential occupancy.

    The layout and redevelopment direction are especially well suited for operators and organizations looking to develop qualifying community facility uses, including adult day care providers, child care and early education programs, senior service organizations, social service agencies, counseling and wellness centers, educational programs, religious institutions, and other qualifying community facility users. For residential buyers, the delivered-vacant units also provide a straightforward path for renovation and re-occupancy while plans are finalized.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.825526
    Latitude
    40.755402

    FAQs

    What type of property is this?
    Duplex - Two vacant residential units in Flushing with R6 zoning and potential community facility conversion or redevelopment.
    Where is this duplex located?
    The property is located at 139-03 Franklin Avenue Flushing, NY.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Two residential units, each approx. 1,200 SF, with 3 bedrooms and 2 baths; Both units delivered vacant at closing for immediate occupancy or renovation; First‑floor recreation level available for conversion to community facility use
    More about this property
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