Harshad Phadke
REALTOR®
LOT SIZE 0.367 acres
MLS#980436
STATUSActive
PROPERTY TYPELand - Lot/Land
SCHOOLQueens 25
Property Description
Located in the heart of Downtown Flushing, this rare development opportunity consists of two combined lots with a total lot size of approximately 16,000 square feet. The property is zoned R4 and offers strong potential for residential and mixed-use development.The site benefits from an established development pathway with DOB approval in place. Based on available parameters, the property allows for a Residential FAR of approximately 1.5 (up to 24,000 buildable square feet) and a Community Facility FAR of 0.4 (approximately 6,400 square feet). The site supports construction of a 4-story or higher building, subject to applicable regulations.A proposed development scheme includes approximately 29 condominium units, with a total residential buildable area of approximately 16,000-24,000 square feet, along with 6,400 square feet of community facility space. The cellar level may be fully utilized for community facility or other permissible uses, and the property has the potential to accommodate a two-level underground parking garage.Alternatively, the site offers flexibility for subdivision or townhouse-style development, with the potential to build 5 or more multi-family residences (3-family or greater), each approximately 20 x 70 feet.A recent boring test indicates that the water table is approximately 35 feet or deeper, which is favorable for underground construction and may help reduce development complexity and costs.This prime location is surrounded by established residential and commercial amenities, with convenient access to transportation, making it an excellent opportunity for developers and investors.All development potential, zoning, and usage should be independently verified by the buyer's architect and/or engineer.
Property Features
Property Type: Land - Lot/Land
Lot Size: 0.37 Acres
Taxes: $15,996
Feature Descriptions
Current Use: Vacant
Number Of Lots: 2
On Market Date: 2026-04-09
Parcel Number: 05198-0001+05198-0002
Rental Term: Monthly
Sewer: None
Local Schools
High School: John Bowne High School
Middle School: Is 237
Elementary School: Ps 24 Andrew Jackson
School District: Queens 25
Listed By / Shown By
Listing By
Agency Name: Chase Global Realty Corp
Agency Contact: 718-355-8788
Shown By
Agent Name: Harshad Phadke
Agent Phone: (347) 393-1729
Agency Title: RealtyMark
Estimate Your Payment
Estimated Payment
$ 16,134.33 per month $13,086.33 Principal & Interest $1,333.00 Property Tax $1,715.00 Homeowner's InsuranceChange Payment Information
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4341+4345 Burling Street | MLS# 980436
This land located at 4341+4345 Burling Street, Flushing, NY 11355 is currently listed for sale with an asking price of $5,880,000. The property has approximately 0.37 Acres. 4341+4345 Burling Street is located within the Queens 25 school district. Search Flushing real estate on harshadphadke.realtymark.net today.