Colleen McMahon
Licensed Real Estate Salesperson
REALTOR®
Camillus, NY

139-01 Franklin Avenue, Flushing, NY 11355

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Property Description

Prime Development Opportunity - Flushing, QueensRare offering of a 21' x 135' extra-deep lot located on Franklin Ave between Main St and Kissena Blvd, one of the most sought-after corridors in Flushing.Zoned R6, this property offers excellent development flexibility:Up to 3.0 FAR for standard residential developmentUp to 4.8 FAR for residential and community facility useAdditional bonus FAR available for affordable housing (Inclusionary Housing Program)The lot's exceptional depth (135 ft) provides a highly efficient layout for developers, allowing for better unit mix, light, and design flexibility.Situated in a prime, high-demand location just minutes from Main Street's transportation hub, shopping, restaurants, and schools, this site is ideal for:Residential rental developmentCondo projectsCommunity facility (medical, educational, etc.)Affordable housing with maximum buildable potentialStrong upside potential in one of Queens' most active and resilient markets.

139-01 Franklin Avenue | MLS# 957511

This land located at 139-01 Franklin Avenue, Flushing, NY 11355 is currently listed for sale with an asking price of $2,980,000. The property has approximately 0.07 Acres. 139-01 Franklin Avenue is located within the Contact Agent school district. Search Flushing real estate on colleen-mcmahon.coldwellbankerprime.com today.

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Property Features

Property Type: Land - Residential
Lot Size: 0.07 Acres
Taxes: $14,172

Feature Descriptions

Current Use: Multi-Family
Days on Site: 77
Lot Dimensions: 21x135
On Market Date: 2026-02-03
Parcel Number: 05135-0043
Rental Term: Monthly
Sewer: Public Sewer

Local Schools

High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent

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Estimated Payment

$ 8,682.35 per month $6,632.19 Principal & Interest $1,181.00 Property Tax $869.17 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: E Realty International Corp
Agency Contact: 718-886-8110

Shown By

Agent Name: Colleen McMahon
Agent Phone: (607) 423-1329 Cell
Agency Title: Coldwell Banker Prime Properties

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