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Street View
$3,800,000
Monthly Est:$18,914
8 Beds
5 Baths5 full baths
3,339sqft
139-03 Franklin Ave, Flushing, NY 11355
$3,800,000
$18,914/moEst:
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Triplex
Built in 1960
$-- HOA
3,915 sqft lot
$1,138/sq.ft
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.
- Houzeo last checked: 1 minute ago
- Listing updated: July 10, 2026 at 5:44 pm
- Listing Provided by: James S. Powers (718) 460-1943 | Tapestry Real Estate of Queens (718) 460-1943
- Source: OneKey MLS-NY as distributed by MLS GRID | MLS#: 1002922
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
3,339 sqft
Lot Size
3,915 sqft lot
Basement Area
- sqft
MLS Name
OneKey MLS
MLS Number
1002922
MLS Status
Active
Days on Market
157
Cumulative Days on Market
42
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 5
Interior
Heating
Baseboard, Hot Water, Natural Gas
Sewer
Public Sewer
Cooling
Wall/window Unit(s)
Interior Features
First Floor Full Bath
Exterior Features
Balcony
Construction
Year Built
Year Built: 1960
Home type
Triplex
Construction Materials
Brick
Architectural Style
Colonial
Utilities & Energy
Water Source
Public
Basement
Finished, Full, Walk Out Access
Utilities
Electricity Connected, Natural Gas Connected
Parking Features
Driveway
Price History
| Date | Event | Price |
|---|---|---|
07/10/2026 Source: | Listed for Sale | $3,800,000 $1,138/sqft |
07/08/2026 Source: | Listing Removed | $3,800,000 $1,138/sqft |
07/01/2026 Source: | Price Decreased | $3,800,000 -9.52% $1,138/sqft |
05/28/2026 Source: | Listed for Sale | $4,200,000 $1,258/sqft |
Flushing Ranks #165 in New York, NY
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Based on information from OneKey MLS® through Nov 01, 2026, 04:01PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 OneKey MLS. All rights reserved.
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