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Listed price in listed location currency (USD).
$5,880,000

000

MLS® 980436

Overview

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $15,996
Days Active 22
Lot Size 0.367 acres
Approx. Age 
MLS® Number 980436

Property Address: 4341+4345 Burling Street, New York, NY, 11355

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number980436
Laundry Level
Central VacNo
FireplaceNo
Acreage0.367
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 9, 2026List Date
$5,880,000List Price

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