Multifamily Redevelopment
139-03 Franklin Avenue Flushing, NY 11355
139-03 Franklin Avenue, Flushing, NY, 11355
$3,800,000
For Sale
$3,800,000
MULTI_FAMILY - Colonial - Flushing, NY
Lot Size0.09 Acres
Days on Market57
Property Features for 139-03 Franklin Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 8, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 7, Bedroom 2
- Parking
- 3
- Parking features
- Driveway
- Interior features
- First Floor Full Bath
- Exterior features
- Balcony
- Fencing
- Chain Link
- Basement
- Full, Finished, Walk-Out Access
- 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
Listing agency
Tapestry Real Estate of Queens
(718) 460-1943
Listed by
James S. Powers · License #31PO0764530
(718) 460-1943
Added: May 27 Updated: Jul 17 at 9:21PM Checked: Jul 22 at 5:06AM
MLS# 1002922
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 at 139-03 Franklin Avenue in Flushing, NY, this multifamily property presents a redevelopment-focused opportunity within an R6 zoning district. The building currently contains two residential units, each configured with three bedrooms, two baths, and a private terrace. Both units will be delivered vacant at closing, giving a buyer flexibility for immediate occupancy, renovation, income generation, or redevelopment.
A key component of the property is the existing first-floor recreation level, which the offering describes as an opportunity for conversion to community facility use. The upper residential floors may be retained, reconfigured, or incorporated into a broader redevelopment plan. The remarks also note potential for significant horizontal enlargement to create a mixed-use configuration combining community facility space with residential occupancy.
The property is described as particularly well suited for adult day care, child care and early education, senior service organizations, social service agencies, counseling and wellness centers, educational programs, religious institutions, and other qualifying community facility users.
A key component of the property is the existing first-floor recreation level, which the offering describes as an opportunity for conversion to community facility use. The upper residential floors may be retained, reconfigured, or incorporated into a broader redevelopment plan. The remarks also note potential for significant horizontal enlargement to create a mixed-use configuration combining community facility space with residential occupancy.
The property is described as particularly well suited for adult day care, child care and early education, senior service organizations, social service agencies, counseling and wellness centers, educational programs, religious institutions, and other qualifying community facility users.
Key Highlights
- R6 zoning district with substantial community facility development potential
- Two residential units, each with approx. 1,200 SF; 3 bedrooms and 2 baths per unit
- Units delivered vacant at closing for immediate occupancy, renovation, or income generation
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two vacant residential units with private terraces in an R6 district, offering community facility redevelopment potential.
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 $3,800,000.
What are key features of this property?
This property features: R6 zoning district with substantial community facility development potential; Two residential units, each with approx. 1,200 SF; 3 bedrooms and 2 baths per unit; Units delivered vacant at closing for immediate occupancy, renovation, or income generation
