Dennis Barr - John J Lease Realtors Logo
$2,599,000
( $519.07Per Sq Foot )
 $13,952 est/mo Sourced by Back At You

131-44 40th Road,Flushing, NY 11354

Flushing, NY 11354

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Description

Prime Location! Mix-Use Building Situated in the Heart of Downtown Flushing. Completed in 2007. Building Size: Approximately 5007 Sqft. Lot Size: 20*60. This Building Feature 3 Commercial Unit and 3 Residential Units. Great Income. With its prime location, stable rental income, and favorable zoning, 131-44 40th Road presents a compelling investment opportunity. The remaining tax abatement further enhances the property's financial attractiveness. Prospective investors should consider this property for its potential for long-term appreciation and consistent cash flow.Located just steps away from Main Street, the property offers excellent visibility and accessibility. It is conveniently situated near the Main Street subway station and the Long Island Rail Road (LIRR), providing easy transportation options for tenants and customers. The area boasts heavy foot traffic and is surrounded by shopping centers, offices, and residential towers, enhancing the property's appeal to potential tenants. A Must See.

Details

MLS #947446
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year2007
Days On Site240
Listing Provided ByPrime Realty | Shirley Y. Chen

Features

SQ Feet5,007
BasementY
Story(s)5
Units6
Acreage0.03

Interior

CoolingNone
HeatingNatural Gas

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesNone

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Assessed Value249750
Tax Annual Amount29143

Area Information

StateNY
CountyQueens
CityFlushing
Zip Code11354
Listing VS Median (in 11354)
Price:
$2,599,000
low | high
Med:
$699,000
100% of Average
sqft:
5,007
low | high
Med:
588
100% of Average
$ / sqft:
$519
low | high
Med:
$1,189
79.018814143587% of Average
On site:
240
low | high
Med:
122
100% of Average
Sourced by Back At You

Market Activity 11354

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Learn More About This Property

Dennis Barr

Dennis Barr

John J Lease REALTORS

 (845) 527-5125dennybarr@johnjleaserealtors.com
StateNY
CountyQueens
CityFlushing
Zip Code11354
Listing VS Median (in 11354)
Price:
$2,599,000
low | high
Med:
$699,000
100% of Average
sqft:
5,007
low | high
Med:
588
100% of Average
$ / sqft:
$519
low | high
Med:
$1,189
79.018814143587% of Average
On site:
240
low | high
Med:
122
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.949M - $3.248M
sqft: 3,500 - 6,000
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$19,000
133-38 41 Avenue 1
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$17,500
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Listing Updated: August 7, 2026 at 5:48:31 AM PDT

Dennis Barr - John J Lease Realtors