Ad #7956973
MLS #11519410
This offering consists of a package of 3 adjacent mixed-use
148-04 35th Ave, Queens, NY 11354
$2,800,000
--Beds
--Baths
--Sqft
--Acres
About this property
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 6 free market 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.
Property Features
0 Beds
0 Baths
0 Sqft
0.000 Acres
Queens County
Flushing Community
Additional Photos
Contact Information
Steve Zhu
Compass
Location
Listing Agent: Steve Zhu
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$2,800,000
--
Beds
--
Baths
--
Sqft
148-04 35th Ave, Queens, NY 11354
By contacting this agent you agree to these Terms and Conditions.
MLS# 11519410
This offering consists of a package of 3 adjacent mixed-use
$2,800,000
148-04 35th Ave, Queens, NY 11354
--
Beds
--
Baths
--
Sqft
--
Acres
$2,800,000
148-04 35th Ave, Queens, NY 11354
-- Beds
-- Baths
-- Sqft
-- Acres
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 6 free market 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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
0.000 Acres
FINANCIAL & COMMUNITY
Queens County
Flushing Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7956973
Viewed
41 times
Listing Status
Active
Added
Jun 29, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
My State MLS
Source Property ID
11519410
Listing Agent: Steve Zhu
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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