Listing Agency: Compass - NY s***@compass.com Show Phone

Listed By: Steve Zhu · License #NY 40ZH1146333

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 7 at 5:11AM

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Investment Insights

Based on property information with market context.

The subject offering is a package consisting of one multifamily property with development potential. The public remarks describe a proposed end state upon completion of construction, with lot area of 2,065 square feet and buildable area of 9,912 square feet, and a residential FAR of 4.8.

The property is located at 148-18 35th Ave, Flushing, NY 11354. This asset is being marketed for its redevelopment capacity into a residential configuration consistent with the stated proposed development parameters.

Key Highlights

• Package of one multifamily property with development potential for residential construction
• Proposed completed construction: lot area of 2,065 SF
• Proposed completed construction: buildable area of 9,912 SF

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Hotel & Motel Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,632

Businesses Nearby

Explore this area Business Placement

Demographics for 11354, NY

61,276

Population

22,979

Households

2.7

Avg Household Size

45

Median Age

33%

College-Educated

79%

High-School Grad

2.2 sq mi

ZIP Area

27,853

Density / Sq Mi

$62,833

Median Household Income

$40,404

Median Earnings

$1,766

Median Rent

$521,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Package of one multifamily property with development potential for residential construction.

Where is this multifamily property located?

The property is located at 148-18 35th Ave Flushing, NY.

What are key features of this property?

This property features: Package of one multifamily property with development potential for residential construction; Proposed completed construction: lot area of 2,065 SF; Proposed completed construction: buildable area of 9,912 SF