148-04 35th Ave Flushing, NY 11354
Flushing NeighborhoodEstimated payment $17,938/month
About This Lot
This offering consists of a package of 3 adjacent mixed-use buildings with substantial redevelopment potential, located in the heart of Downtown Flushing one of Queens fastest-growing neighborhoods. The subject property sits in an R7-1 zoning district with an FAR of 4.8, making it a prime development site for future residential expansion or repositioning. Currently, all 6 free market residential units are leased at more than 20% below market rent, offering investors a clear value-add opportunity through rental adjustments. With stable tenancy, underutilized income, and long-term development upside, this asset offers both immediate cash flow and significant future growth potential. As part of a 3-building package, this is a rare opportunity to acquire a strategic footprint in a high-demand urban core with strong connectivity and sustained market momentum.
Property Details
Property Type
- Land
Home Design
- 5,368 Sq Ft Home
Community Details
- Flushing Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 09/03/2025 09/03/25 | Off Market | $2,800,000 | -- | -- |
| 08/20/2025 08/20/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 08/20/2025 08/20/25 | Off Market | $2,800,000 | -- | -- |
| 08/06/2025 08/06/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 08/06/2025 08/06/25 | Off Market | $2,800,000 | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 07/30/2025 07/30/25 | Off Market | $2,800,000 | -- | -- |
| 07/23/2025 07/23/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 07/23/2025 07/23/25 | Off Market | $2,800,000 | -- | -- |
| 07/16/2025 07/16/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 07/16/2025 07/16/25 | Off Market | $2,800,000 | -- | -- |
| 07/09/2025 07/09/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 07/09/2025 07/09/25 | Off Market | $2,800,000 | -- | -- |
| 07/02/2025 07/02/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 07/02/2025 07/02/25 | Off Market | $2,800,000 | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $2,800,000 | 0.0% | $522 / Sq Ft |
| 06/25/2025 06/25/25 | Off Market | $2,800,000 | -- | -- |
| 06/17/2025 06/17/25 | For Sale | $2,800,000 | -- | $522 / Sq Ft |
Source: NY State MLS
MLS Number: 11519410
APN: 630100-05005-0033
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