Average square foot calculated using Size range provided by listing agent.
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.Show Description
MLS® Number877461
Laundry Level
Central VacNo
FireplaceNo
Acreage0.0664
Exterior
GarageNo
Approx. Age1974
BasementFull
Driveway
Garage Spaces
HeatNatural Gas
A/CMulti Units
Heating Fuel
Extras
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