Flushing Apartment Near
For Sale
$299,000
Pending
13705 Franklin Ave 3J, Queens, NY 11355
Well-maintained apartment in the heart of Flushing, close to amenities.
Property Size500 SF
Days on Market315
Property Features for 13705 Franklin Ave 3J
General Information
Standard status
Pending
Size
500 SF
Property subtype
Residential
Building Details
Building Size
500 SF
Year Built
1950
Listing Agency:
Roslyn
Listed By:
Vivian Zhang · License #10401259975
(516) 376-7295
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 5
Last Checked: Oct 7 at 2:08PM
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 Roslyn
Investment Insights
Based on property information with market context.
Located in the heart of Flushing, 137-05 Franklin Avenue is situated within a short distance of the Long Island Rail Road, buses, shopping centers, restaurants, schools, doctor's offices, a post office, and a public library. The building is well-maintained and features on-site laundry facilities, a mailroom equipped with a security camera, and a quiet courtyard. Garage parking is available via a waiting list. The maintenance fee covers all expenses except electricity. The property is intended for residential use.
Key Highlights
- Prime location in the heart of Flushing.
- Close proximity to Long Island Rail Road and buses.
- Well‑maintained building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,222
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,440
$244.4K
Cap Rate 7%
$174,600
$174.6K
Cap Rate 9%
$135,800
$135.8K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$23.1K $46.20/SF
− Vacancy
−$878 −$1.76/SF
EGI
$22.2K $44.44/SF
− OpEx
−$10.0K −$20.00/SF
NOI
$12.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,440
Cap Rate 7%
$174,600
Cap Rate 9%
$135,800
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.6K
$322.5K – $430.0K
NOI $25,802 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,813
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment in the heart of Flushing, close to amenities.
Where is this apartment building located?
The property is located at 13705 Franklin Ave 3J Queens, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location in the heart of Flushing.; Close proximity to Long Island Rail Road and buses.; Well‑maintained building.
