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139-03 Franklin Avenue, 
Flushing, NY 11355

$4,200,000


8

Beds


5

Baths


3,339

Sq Ft


Multi-Family

Active

Listed by

James S. Powers

Tapestry Real Estate Of Queens

Last updated:

May 31, 2026, 10:46 AM

MLS#

1002922

Source:

OneKey MLS

About This Home

139-03 Franklin Avenue

Prime Flushing R6 Development opportunity on a 29' x 135' lot near Kissena Boulevard, Main Street, transportation, shopping, schools, and neighborhood conveniences. Existing building is a spacious two-family with a strong six-over-six layout, plus a legitimate recreation, walk-in level featuring a living room, kitchen, two bedrooms, and bath. Full basement with access from both the rear and interior hallway. Each main apartment measures approximately 21' x 56', offering about 1,176 sq. ft. per level. The first floor provides a legitimate two-bedroom layout; the second and third floors offer three bedrooms and two baths. Both upper apartments feature south-facing balconies. R6 zoning, together with recent City of Yes zoning modifications, may enhance multiple development considerations, including allowable floor area, parking flexibility, unit planning, and overall site efficiency. Based on a 3.0 FAR, the property indicates approximately 11,745 buildable sq. ft., subject to buyer’s independent verification with an architect/zoning professional. Excellent opportunity for builders, investors, or end-users seeking strong existing use with expanded future development potential in a high-demand Flushing location.

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1960

Price Summary

4,200,000

$1,257 per Sq. Ft.

MLS #:

1002922

Last Updated:

May 31, 2026, 10:46 AM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5


Structure

Structure

Architectural Style:

Colonial

Building Area:

3,339 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

3,915


Finances & Disclosures

Finances

Price:

$4,200,000

Price per Sq. Ft:

$1,257 per Sq. Ft.

Source:OneKey MLS
Copyright 2026 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID . OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.