NEW! Buy and sell safely with virtual options - Learn More
About the Listing CMPA05 - 177520
This is an exceptional opportunity to acquire a development site or income-producing multifamily property in one of Queens’ most desirable and rapidly evolving neighborhoods. Situated on an approximately 2,500-square-foot lot and zoned R6, the property offers significant potential for investors, builders, developers, or end users looking to capitalize on the continued growth of North Flushing. The property is currently configured as a legal two-family residence with a detached two-car garage, providing immediate rental income with the flexibility to offset carrying costs while future development plans and approvals are pursued. The newly renovated first-floor unit features two bedrooms, a home office, and an open-concept kitchen and living area. The flexible layout may also accommodate a third bedroom while retaining a home office. The second-floor unit offers three bedrooms, a home office, and an open kitchen and living area. The basement features a separate entrance to the street level, is partially finished, and includes a full bathroom. The unfinished portion offers additional potential to expand the existing configuration and potentially create an additional dwelling unit, subject to applicable zoning, building codes, permits, and approvals. Ideally positioned among established multifamily residences and surrounded by thriving neighborhood amenities, the property is just moments from Downtown Flushing, Main Street, the 7 subway line, and an exceptional selection of restaurants, shopping, and everyday conveniences. With its R6 zoning, existing income-producing configuration, and highly desirable location, the property presents compelling possibilities for future multifamily or condominium development, subject to all necessary approvals. Acquire today, generate income, and unlock the long-term potential of this exceptional North Flushing property. For developers seeking a larger development site, the seller may also consider offering the adjacent lots as part of a package sale. All development, conversion, and additional dwelling-unit potential should be independently verified by the purchaser and their architect or other appropriate professionals.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished,Storage Space,Walk-Out Access
- Other: First Floor Bedroom,First Floor Full Bath
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: 2 car
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,Garage,Off Street
Financial Details
- Tax Amount: $6,206
- Taxes w/Assessments: N/A
- Tax/Property ID: 04409-0052
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3150 137th St Flushing, NY 11354
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
