$1,800,000

Duplex In Flushing

  • 5 Beds
  • 2 Baths
  • 1,880 Sqft
  • 2,475 Sqft lot
  • Updated: August 25
  • Source:
    OneKey MLS  MLS#1042455

About the Property

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.
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.
  • Property type

    House

  • Year built

    1920

  • Price/sqft

    $957

Features

  • Garage
  • Open Kitchen
  • Gate
  • Duplex
  • Gas Stovetop
  • Renovated
  • Office
  • Parking
  • Basement
Features

Lot

  • Duplex
  • Renovated

Indoor

  • Office
  • Gas Stovetop
  • Open Kitchen
  • Basement
  • Stone Countertops

Outdoor

  • Parking
  • Garage
  • Gate

Explore the Area

3150 137th Street, New York, New York, United States View on Google Maps
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Compass Greater NY LLC - Manhasset

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Compass Greater NY LLC - Manhasset
New York, United States
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44
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2026
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Compass Greater NY LLC - Manhasset
Manhasset, New York, United States
View agency profile
Last updated
August 25
First listed
Aug 25
Listing reference
1042455
Listing status
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