The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$248,000
137-05 Franklin Ave Unit 5M
Flushing, NY, 11355
View more Flushing, NY property pagesStudioBeds
1Baths
430Sqft
$577$/sqft
Listing Notes
Well maintained young building in downtown Flushing, walk to LIRR, #7 subway , buses, shops, banks, Post office.
Market Insights
Above nearby median+28%
$577/sqft vs a nearby median of $452/sqft.
Nearby median$452/sqft
Nearby properties12
Property size430 sqft
- +28% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 430 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$193k$178k – $208k · 62% confidence
vs ask $248k+$55k (+22.2%)
Asking price is about 22.2% above where comps + adjustments land — there is room to negotiate.
$451/sqft median across 10 tight comps × 430 sqft= $194k
- Visible condition issues−$2k −1.0%
- Transit access+$1k +0.5%
Cumulative NYC adjustments−$1k−0.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 items to check
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Listing Details
- Days on market
- 39 days
- Last price change
- No change recorded
- Listed
- Apr 3, 2026
- Photos
- 2 photos
- Property type
- coop
- Status
- for sale
- Garage
- 1 space
Features & Amenities
Single StoryGarage 1 Or MoreOfficeShopping
Price History
May 4, 2026Initial record
$248,000for sale