139-03 Franklin Avenue
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.
Broker Details
Tapestry Real Estate (718) 460-1943
MLS ID: 9028997 State License Number: 31PO0764530
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $3,800,000 |
| No. of Units: | 2 |
| Year Built: | 1960 |
| Opportunity Zone: | No |
| Price per unit: | $1,900,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-MLSLINY-1002922
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