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.
Basic Details
Residential Income
For Sale
1002922
$3,800,000
$$
8
5
1960
0.09 Acre
Active
5
1
Triplex
Tapestry Real Estate of Queens
James S. Powers
jpowersrealestate@gmail.com
Address Map
US
NY
Queens
New York
11355
W74° 10' 28.1''
N40° 45' 19.4''
South
Google Maps.
Neighborhood
Ps 184 Flushing Manor
Queens 25
Flushing High School
Queens 25
Queens 25
Is 237
Additional Information
3339
: Brick
29X135
2
2026-05-27
4200000
: Public
Financial
13952.36
Listing Information
9028997
TREQ01
Active
2026-07-10T17:44:36Z
OneKey
: None
2026-07-10T17:42:48Z

Residential Income

139-03 Franklin Avenue, New York, New York 11355

8 Bedrooms
5 Bathrooms
0.09 Acre
Visits : 0 in 149 days
$3,800,000
Listing ID #1002922
Make An Offer
Make Your Offer Here
Agent info