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.
For sale
$1,860,000
14808 35th Avenue, Flushing, NY 11354
11beds
4,220sqft
Quadruplex, Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$441/sqft
$-- HOA
What's special
- 51 days
- on Zillow |
- 745 |
- 24 |
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