$1,860,000

14808 35th Avenue, Flushing, NY 11354

  • 11 beds |
  • 6 baths |
  • 4,220 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon2,892sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $441/sqft
  • Property List Date Icon Listed 2 days ago

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 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:
877461
  • General: First Floor BedroomFirst Floor Full Bath
  • Basement: Full
  • Flooring: Wood
  • A/C: Multi Units
  • Heating: Natural Gas

This listing courtesy of Compass Greater NY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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