5802 134th Street, Flushing, NY, 11355 | $2,999,999

Rare Queensboro Hill, Flushing Opportunity Near Main Street | Oversized 60' x 100' Corner Property with Vacant Lot & NYC Skyline Views. First Time Available in Nearly 60 Years! Welcome to a truly special offering in the highly desirable Queensboro Hill section of Flushing, Queens. Situated on an oversized 60' x 100' corner property with R4-1 zoning, this unique opportunity consists of two separate lots, including a 29' x 100' vacant lot and a 31' x 100' lot improved with a 2-story, 3-family home (no C/O, built circa 1925) offering approximately 2, 720 square feet plus a full basement. Whether you're searching for a place to call home, a property with rental income potential, a long-term investment (not financial advice), future development possibilities, or a combination of all three, this offering presents a level of flexibility that is becoming increasingly difficult to find in Flushing. The existing structure features 3 kitchens with gas cooking, 3 living rooms, 4 bathrooms, 3 gas meters, 3 electric meters, a full basement, and a detached 2-car garage. Outside, you'll find beautifully landscaped grounds with fruit trees, a patio area for relaxation or entertaining, and an abundance of outdoor space rarely found on properties this close to Downtown Flushing. Thanks to its oversized corner location, eastern exposure, and open surroundings, the property enjoys excellent natural light and a bright, airy feel throughout the day. One of the most captivating features is the view. From the top floor, enjoy mesmerizing views of the New York City skyline, the iconic Unisphere in Flushing Meadows-Corona Park, and the USTA Billie Jean King National Tennis Center, home of the U. S. Open. It's a rare combination of neighborhood charm, open space, and city scenery. Location is everything, and this property delivers. Situated just one block from PS 120 and only minutes from Downtown Flushing, you'll enjoy convenient access to some of the best dining, shopping, parks, healthcare facilities, transportation, and entertainment Queens has to offer. Nearby destinations include New York-Presbyterian Hospital, Queens College, Flushing Meadows-Corona Park, the Queens Botanical Garden, Citi Field, local and express MTA buses, the LIRR, the 7 Train, major highways and parkways, LaGuardia Airport, and JFK Airport. The property is also conveniently located near the proposed Metropolitan Park development, one of the most anticipated projects planned for Queens County. For owner-occupants, the existing layout may offer the opportunity to live on-site while generating rental income from additional units. For investors, the property's size, location, and configuration create strong long-term potential in one of Queens' most established neighborhoods. Developers and visionaries will appreciate the combination of two separate lots, corner exposure, R4-1 zoning, and New York City's evolving City of Yes initiatives, which may present opportunities for future expansion, redevelopment, and/or accessory dwelling units (ADUs), subject to approvals. Buyers are encouraged to consult with their architect, engineer, zoning consultants, and other professionals regarding potential uses and development possibilities. Large corner properties with a vacant lot, skyline views, income potential, and development flexibility are becoming increasingly scarce in Flushing. The combination of two separate lots, a 60' x 100' footprint, R4-1 zoning, city views, and an unbeatable location near Downtown Flushing creates a unique opportunity for homeowners, investors, and developers alike. Don't miss your chance to own a significant piece of real estate in Flushing for the first time in nearly six decades.

Features

  • Bedrooms: 6
  • Baths: 3 full
  • Laundry: In Basement
  • Style: Colonial
  • Year Built: 1925
  • Garage: 2-car
  • Heating: Natural Gas, Oil
  • Cooling: Wall/Window Unit(s)
  • Basement: Full
  • Acreage: 0.14
  • Est. Taxes: $13,338
  • Lot Desc: Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Near Golf Course, Near Public Transit, Near School, Near Shops, Private, Subdivided, Views
  • View: City, Neighborhood, Open, Skyline
  • Elem. School: Ps 120
  • Middle School: Is 237
  • High School: John Bowne High School
  • School District: Community District 25
  • MLS#: 1015838
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/1015838/5802134thstreet_flushing_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of LPT Realty Tri-State LLC   Phone: 877-366-2213

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

5802 134th Street, Flushing, NY, 11355

$2,999,999

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,399,999 $2,399,999 $2,399,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $1,112 $1,112 $1,112
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,253 $14,389 $19,930
Total Monthly Payment $14,490 $15,626 $21,167

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.