148-04 35th Avenue, Queens, NY 11354

Building Details

Architectural style

Other

Listing agent Steve Zhu Show Phone

Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY Show Phone

Listing date Jun 17, 2025

Report an issue

MLS# 11519410 Listing URL

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

The offering includes a package of three adjacent mixed-use buildings. The property totals 5,368 square feet and is currently operating with six free market residential units, all leased as of the offering. The seller also notes that the units are leased at more than 20% below market rent.

Located at 148-04 35th Avenue in Queens (11354), the buildings are presented as a redevelopment-focused opportunity in the heart of Downtown Flushing. The site is in an R7-1 zoning district, with an FAR of 4.8, supporting additional residential expansion or repositioning.

For investors or developers, this structure provides both current rental occupancy and a zoning framework intended for future residential redevelopment. With multiple buildings in a single adjacent package, the assemblage may appeal to buyers looking to control a larger footprint while planning long-term repositioning under the existing R7-1 parameters.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Queens

County

Queens

State

New York

Longitude

-73.939548

Latitude

40.7626

Nearby Similar for Sale

• 

  $999,000

  2,880 SF

  Spacious Two-Family Home in Queens

  Semi-detached two-family home with income potential and convenient location.

  10-37 BAY 31ST Street, Queens, NY 11691

  View Details
• 

  $1,449,999

  2,631 SF

  Spacious Multifamily Home with Pool

  Multifamily home in Queens with pool and ample parking.

  125-11 7th Avenue, Queens, NY 11356

  View Details
• 

  $999,000

  3,705 SF

  Brick Five-Unit Apartment Building

  Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

  137-16 88th Street, Queens, NY 11417

  View Details
• 

  $2,480,000

  4,097 SF

  Detached Brick Two-Family Residence

  Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

  1124 128th Street, Queens, NY 11356

  View Details
• 

  $1,500,000

  1,440 SF

  Queens Village Multifamily Investment Property

  Fully rented, renovated four-family house in Queens Village.

  99-02 212th Street, Queens, NY 11429

  View Details
• 

  $1,788,000

  2,650 SF

  Desirable Jackson Heights Multi-Family Home

  Well-maintained triplex in Jackson Heights with tenant or vacant options.

  77-16 25th Avenue, Queens, NY 11370

  View Details
• 

  $1,680,000

  4,300 SF

  Upgraded Six-Family Residence, Queens

  Income-producing six-family property with recent upgrades and private parking.

  22-08 120th Street, Queens, NY 11356

  View Details
• 

  $900,000

  2,206 SF

  Renovated Triplex in Queens, NY

  Newly renovated triplex with versatile living spaces in Queens.

  341 Beach 67th Street, Queens, NY 11692

  View Details
• 

  $15,000,000

  21,445 SF

  NYU Medical Investment Opportunity

  Fully leased medical office building in Queens, NY.

  228-02 Merrick Boulevard, Queens, NY 11413

  View Details
• 

  $1,500,000

  1,210 SF

  Newly Renovated Two-Family Duplex

  Two-family home with newly updated interiors, five-car parking, and a fully finished basement with back entrance.

  140-14 Charles Lane, Queens, NY 11413

  View Details
• 

  $1,250,000

  2,178 SF

  Queens Two-Family Home Value-Add Opportunity

  Two-family home on a 48' x 100' lot.

  23-40 124th Street, Queens, NY 11356

  View Details
• 

  $4,599,000

  5,220 SF

  Sunnyside Corner Commercial Property For Sale

  Income-producing property with gas station, convenience store, and repair shop.

  39-04 Skillman Ave, Queens, NY 11104

  View Details

FAQs

What type of property is this?

Apartment building - Three adjacent mixed-use buildings with R7-1 zoning and leased residential units, offering redevelopment and repositioning options.

Where is this apartment building located?

The property is located at 148-04 35th Avenue Queens, NY.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Package of 3 adjacent mixed‑use buildings in Downtown Flushing (Queens).; R7‑1 zoning with FAR of 4.8 for residential expansion or repositioning.; 6 free market residential units are currently leased more than 20% below market rent.