*** Prime Development Opportunity in Downtown Flushing *** A rare R5D-zoned parcel on a generous 3,230 sq ft lot in the heart of north Flushing, surrounded by established multiunit residential buildings and vibrant streetscapes. Just steps to Main Street, the 7 train, and Flushing's premier shopping and dining, this property offers an exceptional location, scale, and zoning alignment for investors and developers exploring condo or multifamily strategies. Whether held as a strategic land play or pursued as a future project site, this is a rare find in a tightly held pocket—ideal for those seeking long-term upside in one of Queens' most dynamic neighborhoods.
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Lot Description:
City Lot, Near Public Transit, Near School, Near Shops
Elementary School:
Ps 214 Cadwallader Colden
Middle School:
Jhs 185 Edward Bleeker
High School:
Flushing High School
School District:
Community District 25
31-16 Union Street, Flushing, NY, 11354
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
