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3150 137th Street

Flushing, NY 11354
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Bed 5

Bed

Bath 2

Bath

Acres0.06

Acre(Lot)

This is an exceptional opportunity to acquire a development site or income-producing multifamily property in one of Queens’ most desirable and rapidly evolving neighborhoods. Situated on an approximately 2,500-square-foot lot and zoned R6, the property offers significant potential for investors, builders, developers, or end users looking to capitalize on the continued growth of North Flushing. The property is currently configured as a legal two-family residence with a detached two-car garage, providing immediate rental income with the flexibility to offset carrying costs while future development plans and approvals are pursued. The newly renovated first-floor unit features two bedrooms, a home office, and an open-concept kitchen and living area. The flexible layout may also accommodate a third bedroom while retaining a home office. The second-floor unit offers three bedrooms, a home office, and an open kitchen and living area. The basement features a separate entrance to the street level, is partially finished, and includes a full bathroom. The unfinished portion offers additional potential to expand the existing configuration and potentially create an additional dwelling unit, subject to applicable zoning, building codes, permits, and approvals. Ideally positioned among established multifamily residences and surrounded by thriving neighborhood amenities, the property is just moments from Downtown Flushing, Main Street, the 7 subway line, and an exceptional selection of restaurants, shopping, and everyday conveniences. With its R6 zoning, existing income-producing configuration, and highly desirable location, the property presents compelling possibilities for future multifamily or condominium development, subject to all necessary approvals. Acquire today, generate income, and unlock the long-term potential of this exceptional North Flushing property. For developers seeking a larger development site, the seller may also consider offering the adjacent lots as part of a package sale. All development, conversion, and additional dwelling-unit potential should be independently verified by the purchaser and their architect or other appropriate professionals.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,800,000

AD Id : 89981007

MLS Id : 1042455

Beds : 5

Lot Size : 0.06 Acre

Year Built : 1920

Garage : 2

County : Queens

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Basement: Partially Finished, Storage Space, Walk-Out Access
  • Heating & Cooling

    Has Heating: Yes Heating: Oil Cooling: None

  • Building Information

    Year Built: 1920 Building Area Total: 1880 Construction Materials: Frame Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0568 Lot Size Square Feet: 2475

  • Listing Price Information

    Listing Price: $1800000

  • Tax Information

    Parcel Number: 04409-0052 Annual Tax: $6206

  • Parking Information

    Driveway, Garage, Off Street

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Ps 214 Cadwallader Colden
    Junior High School: Jhs 185 Edward Bleeker
    Senior High School: Flushing High School
  • Utility Information

    Electricity Available, Sewer Connected, Water Available
  • Location Information

    Direction: See Waze WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3526 150th Place, Flushing, NY, 11354 $4,200,000 13 7 -- --
32-07 148th Street, Flushing, NY, 11354 $1,808,000 5 4 -- 0.13 Acre
14477 37th Avenue, Flushing, NY, 11354 $1,999,000 7 5 -- 0.04 Acre
146-38 Bayside Avenue, Flushing, NY, 11354 $1,999,900 5 3 -- 0.20 Acre
14626 25th Road, Flushing, NY, 11354 $1,775,000 6 4 -- 0.11 Acre
14615 27th Avenue, Flushing, NY, 11354 $1,875,000 6 5 -- 0.09 Acre
144-44 27th Avenue, Flushing, NY, 11354 $1,498,000 6 4 -- 0.07 Acre
3343 Union Street, Flushing, NY, 11354 $1,999,000 11 6 4,220 0.03 Acre
140-42 31 Drive Dr, Flushing, NY, 11354 $1,465,000 7 4 -- --
139-19 34th Avenue, Flushing, NY, 11354 $2,450,000 10 7 -- --

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

ByOwner last updated this listing 09/01/2026 @ 08:05

MLS: 1042455 LISTED BY: Edith Yang, Compass Greater NY LLC 516-517-4751 SOURCE: OneKey MLS

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