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$4,200,000 Just Listed
Property Description
Prime Flushing R6 Development opportunity on a 29' x 135' lot near Kissena Boulevard, Main Street, transportation, shopping, schools, and neighborhood conveniences. Existing building is a spacious two-family with a strong six-over-six layout, plus a legitimate recreation, walk-in level featuring a living room, kitchen, two bedrooms, and bath. Full basement with access from both the rear and interior hallway. Each main apartment measures approximately 21' x 56', offering about 1,176 sq. ft. per level. The first floor provides a legitimate two-bedroom layout; the second and third floors offer three bedrooms and two baths. Both upper apartments feature south-facing balconies. R6 zoning, together with recent City of Yes zoning modifications, may enhance multiple development considerations, including allowable floor area, parking flexibility, unit planning, and overall site efficiency. Based on a 3.0 FAR, the property indicates approximately 11,745 buildable sq. ft., subject to buyer's independent verification with an architect/zoning professional. Excellent opportunity for builders, investors, or end-users seeking strong existing use with expanded future development potential in a high-demand Flushing location.
Full Property Details
Full Property Details for 139-03 Franklin Ave
General
- Price: $4,200,000
- Taxes: $13,952
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1002922
- Updated: 5/28/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: First Floor Full Bath
Parking
- Total Spaces: 3
- Parking Features: Driveway
Location
- County: Queens
- Cross Streets: Kissena Blvd.
- Driving Directions: Google Maps.
- Direction Faces: South
School Information
- High School District: Queens 25
- Elementary School: Ps 184 Flushing Manor
- Middle School: Is 237
- High School: Flushing High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Hot Water, Natural Gas
- Heating Zones: 4
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 3339
- Square Feet: 3,339
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.0899
- Lot Size (Sq. Ft.): 3,915
- Lot Dimensions: 29 x 135
Financial Considerations
- Tax Amount: $13,952.36
Disclosures and Reports
- Special Conditions: None
- Property ID: 05135-0042
Listed by Tapestry Real Estate of Queens
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Schools
Schools serving 139-03 Franklin Ave
School District:New York City Geographic School District 25
| Name | Grades | Distance |
|---|---|---|
Ps 20 John Bowne 142-30 Barclay Ave, Queens, NY 11355 | K-5 | 0.2 mi |
Jhs 189 Daniel Carter Beard 144-80 Barclay Ave, Queens, NY 11355 | 6-8 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 139-03 Franklin Ave
Date
Details
Price
Change
Source
5/27/2026
Listed
$4,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 139-03 Franklin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,297
1%
$71,182
-48%
2024
$14,189
6%
$136,980
106%
2023
$13,386
5%
$66,648
-47%
2022
$12,769
2%
$126,420
21%
2021
$12,483
-1%
$104,760
4%
2020
$12,556
1%
$100,380
9%
2019
$12,461
17%
$92,160
66%
2017
$10,681
—
$55,540
6%
2017
$10,681
8%
$52,397
6%
2016
$9,882
2%
$49,432
—
2015
$9,666
9%
$49,432
1%
2014
$8,882
12%
$49,061
6%
2013
$7,949
—
$46,284
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 139-03 Franklin Ave
139-03 Franklin Avenue, Flushing, NY 11355 (MLS# 1002922) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 139-03 Franklin Avenue is currently listed for $4,200,000 and was received on May 27, 2026. Want to learn more about 139-03 Franklin Avenue? Do you have questions about finding other Multi-Family real estate for sale in Flushing? You can browse all Flushing real estate or contact a Coldwell Banker agent to request more information.
