Gregory Jaime
Call: (cell) (516) 928-1070
Text: (516) 928-1070
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.
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Estimated Payment
$ 11,735.05 per month $9,347.38 Principal & Interest $1,162.67 Property Tax $1,225.00 Homeowner's InsuranceListing By
Agency Name: Tapestry Real Estate of Queens
Agency Contact: 718-460-1943
Shown By
Agent Name: Gregory Jaime
Agent Phone: Cell: (516) 928-1070
Agency Title: Laffey Real Estate
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139-03 Franklin Avenue | MLS# 1002922
This multi-family property located at 139-03 Franklin Avenue, Flushing, NY 11355 is currently listed for sale with an asking price of $4,200,000. 139-03 Franklin Avenue is located within the Queens 25 school district. Search Flushing real estate on gregoryjaime.laffey.com today.