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 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.
For sale
$1,860,000
14808 35th Avenue, Flushing, NY 11354
11beds
4,220sqft
Quadruplex, Multi Family
Built in 1974
-- sqft lot
$-- Zestimate®
$441/sqft
$-- HOA
What's special
- 5 days
- on Zillow |
- 609 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: June 14, 2025 at 02:01am
Listing by:
Compass Greater NY LLC 212-913-9058,
Lei Zhu 917-569-8850
Source: OneKey® MLS,MLS#: 877461

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Features
- First Floor Bedroom, First Floor Full Bath
- Flooring: Wood
- Basement: Full
Interior area
- Total structure area: 4,220
- Total interior livable area: 4,220 sqft
Property
Parking
- Total spaces: 1
Lot
- Size: 2,892 Square Feet
Details
- Parcel number: 050050134
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Flushing
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $541,620
- Annual tax amount: $26,089
- Date on market: 6/13/2025
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
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