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139-03 Franklin Avenue, 
Flushing, NY 11355

$3,800,000


8

Beds


5

Baths


3,339

Sq Ft


Multi-Family

Active

Listed by

James S. Powers

Tapestry Real Estate Of Queens

Last updated:

September 18, 2026, 11:32 AM

MLS#

1002922

Source:

OneKey MLS

About This Home

139-03 Franklin Avenue

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.

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1960

Price Summary

3,800,000

$1,138 per Sq. Ft.

MLS #:

1002922

Last Updated:

September 18, 2026, 11:32 AM

Added:

3 month(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:

$3,800,000

Price per Sq. Ft:

$1,138 per Sq. Ft.

Source: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.