139-03 Franklin Avenue, Flushing, NY 11355

• 8 beds |
• 5 baths |
• 3,339 sqft

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.

Listing Status:

Active

Data Last Updated:

August 10, 2026 at 11:22PM

Listing Office:

Tapestry Real Estate of Queens : 718-460-1943

MLS ID:

1002922

Interior

• General: First Floor Full Bath
• Basement: FinishedFullWalk-Out Access
• A/C: Wall/Window Unit(s)
• Heating: BaseboardHot WaterNatural Gas

Exterior

• General: Balcony
• Style: Colonial
• Parking: DrivewayParking spaces: 3

Location

• Originating MLS: onekey2
• School District: Queens 25
• County: Queens

Lot

• Zoning: 05135-0042
• Fencing: Back YardChain Link

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2