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Residential Land for Sale in Flushing, New York

139-01 Franklin Ave, Flushing, NY 11355

$2,980,000
0.065 acres
Active sale
$320k drop
Est $21,270/mo

Prime Development Opportunity - Flushing, Queens Rare offering of a 21' x 135' extra-deep lot located on Franklin Ave between Main St and Kissena Blvd, one of the most sought-after corridors in Flushing. Zoned R6, this property offers excellent development flexibility: Up to 3.0 FAR for standard residential development Up to 4.8 FAR for residential and community facility use Additional bonus FAR available for affordable housing (Inclusionary Housing Program) The lot's exceptional depth (135 ft) provides a highly efficient layout for developers, allowing for better unit mix, light, and design flexibility. Situated in a prime, high-demand location just minutes from Main Street's transportation hub, shopping, restaurants, and schools, this site is ideal for: Residential rental development Condo projects Community facility (medical, educational, etc.) Affordable housing with maximum buildable potential Strong upside potential in one of Queens' most active and resilient markets.

Location

Street address
139-01 Franklin Ave
School district
Contact Agent
Elevation
55 feet
Coordinates
40.7554, -73.8256

Property details

Lot size
0.065 acres2,831 sq ft
Zoning
R6
MLS #
MLSLI 957511
Posted

Property taxes

2026
$14,172

Parcels

  • 05135-0043

Details and features

Listing

Type
Land

Structure

Sewer
Public Sewer

Nearby schools

NameTypeDistrict
Contact AgentElementaryContact Agent
Call Listing AgentMiddleContact Agent
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Listing history

DateEventPriceChangeSource
Apr 8, 2026Price drop$2,980,000$320,000 -9.7%MLSLI
Mar 19, 2026Price drop$3,300,000$500,000 -13.2%MLSLI
Feb 3, 2026New listing$3,800,000MLSLI
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This 0.065-acre property is located at 139-01 Franklin Ave in Flushing, NY 11355. The property is available for sale for $2,980,000.

Checked 2 hours ago — Updated

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