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Flushing Multifamily Investment Opportunity
For Sale
$15,000,000

35-07 147 Street, Flushing, NY 11354

MULTI_FAMILY - Flushing, NY

Property Size60,125 SF
Lot Size0.32 Acres
Price / SF$249.48
Days on Market172

Property Features for 35-07 147 Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R7-1
Rooms Basement
Parking features Driveway
Basement Finished
Directions Google Map
Standard status Active
APN 112319
Size 60,125 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 1123

Utilities

Sewer type Public Sewer
Heating system Oil
Cooling system Central Air
Water source Public

Building Details

Year built 1931
Floors in Building 6
Number of units 54
Building materials Brick
Listing Agency: Promise Realty LLC
Listed By: Hye E. Moon · License #10401211075
Added: Feb 21 Changed: May 12 Last Checked: Aug 12 at 5:06PM
MLS# 955315

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 in the center of Flushing, this multifamily property is situated within 5 minutes of the Long Island Rail Road's Murray Station and has a bus stop in front of the building. The property is conveniently located near Northern Boulevard, with access to amenities such as a Dali store, Dunkin Donuts, a restaurant, and a pharmacy. The property, zoned R7-1, is suitable for investment and development. The building size is 60125 square feet and contains 54 units. There are 27 one-bedroom units and 27 two-bedroom units, and all units are occupied.

Key Highlights

  • Prime location in the center of Flushing, 5 minutes to LIRR (Murray Station).
  • High rental income from 54 occupied units (27 x 1‑bed, 27 x 2‑bed).
  • R7‑1 Zoning offers investment and development potential.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Barber Shop Garden Center

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

Location Intelligence

Trade Area within ½ mile

927
Businesses Nearby

Demographics for 11354, NY

61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Prime Flushing location, investment/development opportunity near LIRR and Northern Blvd.
Where is this apartment building located?
The property is located at 35-07 147 Street Flushing, NY.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Prime location in the center of Flushing, 5 minutes to LIRR (Murray Station).; High rental income from 54 occupied units (27 x 1‑bed, 27 x 2‑bed).; R7‑1 Zoning offers investment and development potential.
More about this property
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