Save

ImagesMap

View of property

Staircase featuring a skylight and a baseboard heating unit

Bathroom with vanity, tile patterned floors, and enclosed tub / shower combo

Spare room with a baseboard heating unit and wood-type flooring

View of stairs

PreviousNext

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

PreviousNext

Description

This offering consists of a package of 3 adjacent mixed-use buildings with substantial redevelopment potential, locatedin the heart of Downtown Flushingone 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.

Details

Features

Interior

Exterior

Parking

Utilities

Taxes

MLS Number: 877461

Listing Provided By: Lei Zhu – (917) 569-8850 – steve.zhu@compass.com

Compass Greater NY LLC – (212) 913-9058 – marisa.doonan@compass.com