14808 35th Avenue, Flushing, NY, 11354
$1,860,000
Multi Family
For Sale
11 Beds
, 6 Full Bath
Details
ML#: 877461
- # of Families: 4
- Year Built: 1974
- Taxes: $26,089
- Status:Active
Description
This offering consists of a package of 3 adjacent mixed-use buildings with substantial redevelopment potential, locatedin 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.
More Property Details
Bedroom: 11
Full Bath: 6
Lot Size: 0.0664
Lot Sq Ft: 2892
Parking Spaces: Yes
Parking Spaces: 1
Heat: Natural Gas
A/C: Multi Units
Water: Public
Sewer: Public Sewer
Taxes: $26,089
Maintenance: $600
Listing Information provided courtesy of
Compass Greater NY LLC
917-569-8850