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48-Unit Elevator Apartment Building
For Sale
Contact for pricing
Pending

14071 Ash Ave, Flushing, NY 11355

Elevator-served 48-unit building with a mix of studio, 1-, 1.5-, and 2.5-bedroom apartments.

Days on Market112

Property Features for 14071 Ash Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 48
Listing Agency: RIPCO Real Estate
Listed By: Stephen R. Preuss · License #NY
Source: Crexi
Added: Apr 12 Changed: Jul 23 Last Checked: Jul 31 at 10:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate

Investment Insights

Based on property information with market context.

The property at 140-71 Ash Avenue is a 48-unit multifamily elevator building with apartments configured as (7) studio units, (25) 1-bedroom units, (11) 1.5-bedroom units, and (5) 2.5-bedroom units. The building has been under long-term ownership and is being offered for sale as its first sale in 40 years.

Located within walking distance of Downtown Flushing, the property is described as being just blocks from major transportation options, retail, and dining. It is noted as walking distance to the Main St–Flushing 7 train subway stop, the Flushing Main Street LIRR station, and multiple bus lines.

For buyers seeking an in-place income property, the unit mix provides a range of apartment sizes across studios through 2.5 bedrooms. Building inspections are by appointment only.

Key Highlights

  • 48‑unit elevator‑served multi‑family building at 140‑71 Ash Avenue, Flushing, NY
  • Unit mix includes 7 studios, 25 one‑bedroom, 11 1.5‑bedroom, and 5 2.5‑bedroom apartments
  • Walking distance to Downtown Flushing

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Catering Service Restaurant Veterinary Clinic

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

Lease Details

48
Residential units

Location Intelligence

Trade Area within ½ mile

10,523
Businesses Nearby

Demographics for 11355, NY

89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Elevator-served 48-unit building with a mix of studio, 1-, 1.5-, and 2.5-bedroom apartments.
Where is this apartment building located?
The property is located at 14071 Ash Ave Flushing, NY.
What are key features of this property?
This property features: 48‑unit elevator‑served multi‑family building at 140‑71 Ash Avenue, Flushing, NY; Unit mix includes 7 studios, 25 one‑bedroom, 11 1.5‑bedroom, and 5 2.5‑bedroom apartments; Walking distance to Downtown Flushing
(516) 647-7155 Call to check price and availability
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