139-03 Franklin Avenue, Flushing, NY 11355
- $3,800,000
- 8
- BD
- 5
- BA
- List Price
- $3,800,000
- Price Change
- ▼ $400,000 1782937387
- MLS#
- 1002922
- Status
- ACTIVE
- Bedrooms
- 8
- Bathrooms
- 5
- Lot Size
- 3915
Property Description
Unique redevelopment opportunity in an R6 zoning district with substantial Community Facility development potential. The property currently features two residential units, each offering approximately 1,200 square feet of living space with three bedrooms, two baths, and a private terrace. Both units will be delivered vacant at closing, providing immediate flexibility for occupancy, renovation, income generation, or future redevelopment. The existing first-floor recreation level presents an attractive opportunity for conversion to community facility use, while the upper residential floors may be retained, reconfigured, or incorporated into a broader redevelopment plan. Purchasers may wish to explore the potential for a significant horizontal enlargement, creating a unique mixed-use configuration that combines community facility space with residential occupancy. Particularly well suited for adult day care providers, child care and early education programs, senior service organizations, social service agencies, counseling and wellness centers, educational programs, religious institutions, and other qualifying community facility users. Exceptional Flushing location offering long-term value and redevelopment potential.
/u.realgeeks.media/themiguelteam/Michael_Miguel_2021_Logo_(1).png){kind=logo}
Additional Information
- Year Built
- 1960
- Style
- Colonial
- School District
- Queens 25
- Taxes Total
- 13952
- Heating
- Baseboard, Hot Water, Natural Gas
- Parking
- Driveway
- Parking Spaces
- 3
- Basement
- Finished, Full, Walk-Out Access
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $13,952
Mortgage Calculator
Listing courtesy of Listing Agent: James S. Powers (jpowersrealestate@gmail.com) from Listing Office: Tapestry Real Estate of Queens.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.