1. New York
2. Flushing
3. 148-04 35th Avenue

148-04 35th Avenue, Flushing, NY 11354

• 5,368 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Compass Greater NY LLC : 917-569-8850

MLS ID:

877434

Interior

• Appliances: CooktopElectric CooktopElectric OvenExhaust FanFreezerMicrowaveRefrigerator
• Basement: CommonFinishedFullStorage SpaceWalk-Out Access
• Flooring: Brick
• A/C: Multi Units
• Heating: Electric

Location

Lot

Utilities

Financial

This listing courtesy of Compass Greater NY LLC