NY
Queens
Flushing
11355
139-03 Franklin Avenue
139-03 Franklin Avenue, Flushing, NY 11355
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Listing Type
Multi Family
Listing Status
Active
19
$4,200,000

Home Details for 139-03 Franklin Avenue

Price
$4,200,000
Type
Residential Income
Year built
1960
Lot size acres
0.0899
County
Queens
Basement
Full
MLS Listing#
1002922
Property Description

Prime Flushing R6 Development opportunity on a 29' x 135' lot near Kissena Boulevard, Main Street, transportation, shopping, schools, and neighborhood conveniences. Existing building is a spacious two-family with a strong six-over-six layout, plus a legitimate recreation, walk-in level featuring a living room, kitchen, two bedrooms, and bath. Full basement with access from both the rear and interior hallway. Each main apartment measures approximately 21' x 56', offering about 1,176 sq. ft. per level. The first floor provides a legitimate two-bedroom layout; the second and third floors offer three bedrooms and two baths. Both upper apartments feature south-facing balconies. R6 zoning, together with recent City of Yes zoning modifications, may enhance multiple development considerations, including allowable floor area, parking flexibility, unit planning, and overall site efficiency. Based on a 3.0 FAR, the property indicates approximately 11,745 buildable sq. ft., subject to buyer’s independent verification with an architect/zoning professional. Excellent opportunity for builders, investors, or end-users seeking strong existing use with expanded future development potential in a high-demand Flushing location.

Property Features
  • Heating Information
    • Baseboard
    • Hot Water
    • Natural Gas
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
  • Cooling Information
    • Wall/Window Unit(s)
  • Water Features
    • Public
  • Parking
    • Driveway
  • Basement
    • Full
School Information
School Information for 139-03 Franklin Avenue, Flushing, NY 11355
Elementary School
Ps 184 Flushing Manor
Middle School
Is 237
High School
Flushing High School
Listing Courtesy: Tapestry Real Estate of Queens - 718-460-1943
Presented by: James S. Powers
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 OneKey MLS. All Rights Reserved
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EXIT REALTY TEAM
45-66 162nd Street , Flushing , NY 11358
Office
718 358 4000
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