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For sale
  • Price cut: $400K (7/1)
    $3,800,000

    139-03 Franklin Avenue, Flushing, NY 11355

    8beds
    3,339sqft
    Loading
    Triplex, Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $1,138/sqft
    $-- HOA

    What's special

    Private terraceTwo bathsExisting first-floor recreation levelTwo residential unitsThree bedrooms
    Unique redevelopment opportunity in an R6 zoning district with substantial Community Facility development potential. The property currently features two residential units, each offering approximately 1,200 square feet of living space with three bedrooms, two baths, and a private terrace. Both units will be delivered vacant at closing, providing immediate flexibility for occupancy, renovation, income generation, or future redevelopment. The existing first-floor recreation level presents an attractive opportunity for conversion to community facility use, while the upper residential floors may be retained, reconfigured, or incorporated into a broader redevelopment plan. Purchasers may wish to explore the potential for a significant horizontal enlargement, creating a unique mixed-use configuration that combines community facility space with residential occupancy. Particularly well suited for adult day care providers, child care and early education programs, senior service organizations, social service agencies, counseling and wellness centers, educational programs, religious institutions, and other qualifying community facility users. Exceptional Flushing location offering long-term value and redevelopment potential.
    47 days
    |
    238
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tapestry Real Estate of Queens 718-460-1943,

    James S. Powers 718-460-1943

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1002922MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Baseboard, Hot Water, Natural Gas
      Cooling
      • Wall/Window Unit(s)
      Features
      • First Floor Full Bath
      • Basement: Finished,Full,Walk-Out Access
      • Attic: None
      • Has fireplace: No
      Interior area
      • Total structure area: 3,339
      • Total interior livable area: 3,339 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Exterior features: Balcony
      • Fencing: Back Yard,Chain Link
      Lot
      • Size: 3,915 Square Feet
      • Dimensions: 29 x 135
      Details
      • Parcel number: 051350042
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Colonial
      • Property subtype: Triplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • Year built: 1960

      Utilities & green energy

      • Gas: Separate Gas Meters: 2
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Location
      • Region: Flushing

      Financial & listing details

      • Price per square foot: $1,138/sqft
      • Tax assessed value: $128,640
      • Annual tax amount: $13,952
      • Date on market: 5/27/2026
      • Cumulative days on market: 46 days
      • Listing agreement: Exclusive Right To Sell
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/1/2026Price change$3,800,000-9.5%$1,138/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1002922 Report a problem
        5/28/2026Listed for sale$4,200,000$1,258/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1002922 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $128,640 -6.1%
        2024-- $136,980 -0.3%
        2023-- $137,340 +8.6%
        2022-- $126,420 +20.7%
        2021-- $104,760 +4.4%
        2020$12,556 +0.8%$100,380 +8.9%
        2019$12,461 +7.3%$92,160 +65.9%
        2018$11,618 +8.8%$55,540 +6%
        2017$10,681 +10.5%$52,397 +6%
        2016$9,666 $49,432
        2015$9,666 +62.1%$49,432 +0.8%
        2014$5,962 $49,061 +6%
        2013-- $46,284 +6%
        2012-- $43,665 +6%
        2011-- $41,194
        2010-- $41,194 +0.8%
        2009-- $40,885 +6%
        2008-- $38,571 +6%
        2007-- $36,388 +6%
        2006-- $34,329
        2005-- $34,329 +0.8%
        2004-- $34,071 +6%
        2003-- $32,143 +6%
        2002-- $30,324 +6%
        2001-- $28,608
        2000-- $28,608
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Flushing

        Getting around

        98 / 100
        Walker's Paradise
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Ps 184 Flushing Manor
        • Middle: Is 237
        • High: Flushing High School

        Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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