Improved Residential 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
- Community
- Flushing
- Elevation
- 75 feet
Property details
- MLS #
- MyStateMLS 11519410
- Posted
Details and features
Listing
- Type
- Land
Exterior
- Parking
- Garage
- Features
- Balcony
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 4, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Dec 4, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Nov 27, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Nov 27, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Nov 20, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Nov 20, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Nov 13, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Nov 13, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Nov 6, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Nov 6, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Oct 30, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Oct 30, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Oct 23, 2025 | Relisted | $2,800,000 | — | MyStateMLS |
| Oct 22, 2025 | Listing removed | $2,800,000 | — | Listing agent |
| Oct 15, 2025 | Relisted | $2,800,000 | — | MyStateMLS |