Development Opportunity in Flushing,
For Sale
$2,980,000
139-01 Franklin Avenue, Flushing, NY 11355
LAND - Flushing, NY
Property SizeContact for details
Lot Size0.07 Acres
Days on Market189
Property Features for 139-01 Franklin Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
R6
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
05135-0043
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14172
Utilities
Sewer type
Public Sewer
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Frank Ko · License #10301215711
(646) 996-5934
Added: Feb 3
Changed: May 12
Last Checked: Aug 11 at 7:06PM
MLS# 957511
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.
Investment Insights
Based on property information with market context.
Located on Franklin Ave between Main St and Kissena Blvd in Flushing, Queens, this property presents a rare development opportunity. The lot measures 21' x 135'. Zoned R6, the property allows for development flexibility with up to 3.0 FAR for standard residential development and up to 4.8 FAR for residential and community facility use. Additional bonus FAR is available for affordable housing through the Inclusionary Housing Program. The lot's depth of 135 ft allows for an efficient layout, which provides design flexibility. The site is located minutes from Main Street's transportation hub, shopping, restaurants, and schools. Potential uses include residential rental development, condo projects, community facilities such as medical or educational, and affordable housing.
Key Highlights
- Prime Flushing location on Franklin Ave, between Main St and Kissena Blvd.
- Extra‑deep 21' x 135' lot offering development flexibility.
- High FAR (up to 3.0 for residential, 4.8 with community facility) with bonus FAR for affordable housing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,398
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime 21' x 135' lot near Main Street transportation.
Where is this commercial land located?
The property is located at 139-01 Franklin Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: Prime Flushing location on Franklin Ave, between Main St and Kissena Blvd.; Extra‑deep 21' x 135' lot offering development flexibility.; High FAR (up to 3.0 for residential, 4.8 with community facility) with bonus FAR for affordable housing.
