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    131-44 40Th Rd Queens, NY 11354

    For Sale
    $2,699,000

    Mix-use building in Downtown Flushing with commercial and residential units.

    Lot size:
    0.03 Acres

    Property Features for 131-44 40Th Rd

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    2007

    Source: Prime Realty Agent Shirley Y. Chen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flushing Mixed-Use Investment Opportunity

    Located in the heart of Downtown Flushing, this mixed-use building was completed in 2007. The building has an approximate size of 5007 square feet and sits on a 20 by 60 lot. The property features three commercial units and three residential units, offering a great income stream. Situated just steps away from Main Street, the property benefits from excellent visibility and accessibility. Its location near the Main Street subway station and the Long Island Rail Road (LIRR) provides convenient transportation options for tenants and customers. The surrounding area is characterized by heavy foot traffic and is near shopping centers, offices, and residential towers, enhancing its appeal to potential tenants. The property's prime location, stable rental income, and favorable zoning make it a compelling investment opportunity. The remaining tax abatement further enhances the property's financial attractiveness, making it a consideration for long-term appreciation and consistent cash flow.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.935452
    Latitude
    40.751651

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    FAQs

    What type of property is this?
    Mixed-use property - Mix-use building in Downtown Flushing with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 131-44 40Th Rd Queens, NY.
    What is the asking price?
    The asking price for this property is $2,699,000.
    What are key features of this property?
    This property features: - Prime downtown Flushing location, steps from Main Street.; - Mix-use building with 3 commercial and 3 residential units.; - Stable rental income in a high-traffic area.
    (917) 254-0248
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    131-44 40Th Rd Queens, NY 11354
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    Queens, NY 11354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    131-44 40Th Rd Queens, NY 11354
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