139-03 Franklin Avenue
Flushing, NY 11355
8
Bed
5
Bath
0.09Acre(Lot)
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 config
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Basement: Finished, Full, Walk-Out Access -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Hot Water, Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1960 Building Area Total: 3339 Construction Materials: Brick Private Pool: No -
Exterior Features
Exterior Features: Balcony
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Lot Information
Lot Dimensions: 29X135 Lot Size Acres: 0.0899 Lot Size Square Feet: 3915
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Listing Price Information
Listing Price: $3800000 Original Price: $4200000
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Tax Information
Parcel Number: 05135-0042 Annual Tax: $13952.36
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Parking Information
Parking Total: 3 Driveway
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School Information
Elementary School: Ps 184 Flushing ManorJunior High School: Is 237Senior High School: Flushing High School -
Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected -
Location Information
Direction: Google Maps. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 45-11 156 Street, Flushing, NY, 11355 | $1,380,000 | 3 | 2 | -- | |
| 140-50 Quince Avenue, Flushing, NY, 11355 | $1,580,000 | 4 | 2 | -- | |
| 47-28 Parsons Boulevard, Flushing, NY, 11355 | $1,738,888 | -- | -- | -- | |
| 14032 Quince Avenue, Flushing, NY, 11355 | $1,150,000 | 4 | 2 | -- | |
| 5423 153st St, Flushing, NY, 11355 | $1,270,000 | 8 | 5 | -- | |
| 152-20 Peck Avenue, Flushing, NY, 11355 | $1,380,000 | 4 | 2 | -- | |
| 15335 60th Avenue, Flushing, NY, 11355 | $1,200,000 | -- | -- | -- | |
| 5413 152nd Street, Flushing, NY, 11355 | $1,450,000 | -- | -- | -- | |
| 147-30 Cherry Avenue, Flushing, NY, 11355 | $2,700,000 | 6 | 4 | -- | |
| 45-24 Burling Street St, Flushing, NY, 11355 | $1,575,000 | 8 | -- | -- |
Similar Multifamily To 139-03 Franklin Avenue
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ByOwner last updated this listing 07/18/2026 @ 06:35
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