Improved Land for Sale in Queens, New York
148-04 35th Ave, Queens, NY 11354
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.
Location
- Street address
- 148-04 35th Ave
- County
- Queens County
- Zip code
- 11354
- Community
- Flushing
- Elevation
- 75 feet
Property details
- Lot size
- 0.053 acres2,309 sq ft
- MLS #
- MyStateMLS 11519410
- Posted
Parcels
- 4500533
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 29, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| June 28, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| June 22, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| June 21, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| June 15, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| June 14, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| June 8, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| June 8, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| June 1, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| May 31, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| May 25, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| May 24, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| May 18, 2026 | Relisted | $2,800,000 | — | MyStateMLS |
| May 17, 2026 | Listing removed | $2,800,000 | — | Listing agent |
| May 11, 2026 | Relisted | $2,800,000 | — | MyStateMLS |