Lower-Level Flex
For Lease
$2,500/Mo
131-48 40th Road Lower Level, Flushing, NY 11355
Open-plan commercial space with updated finishes, built-in counter, and private split-unit air conditioning.
Space Size1,600 SF
Days on Market15
Property Features for 131-48 40th Road Lower Level
General Information
Standard status
Active
Size
1,600 SF
Net Rentable
1,600 SF
Space & Availability
Available Space
1,600 SF
Contiguous Space
1,600 SF
Floor
Lower Level
Lease Terms
Lease Rate
$2,500 /USD/MO
Total Rate
$2,500
Monthly Rent
$2,500
Rent per SF/Year
$18.75
Additional Details
Public Transit
Yes
Amenities
updated flooring
recessed lighting
built-in counter/bar area
private split-unit air conditioning system
Listing Agency:
Prime Realty
Listed By:
Shirley Y. Chen
(917) 254-0248
Source:
Amodiorealestate
Added: Aug 29
Changed: Sep 11
Last Checked: Sep 11 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Realty
Investment Insights
Based on property information with market context.
This approximately 1,600-square-foot lower-level flex space at 131-48 40th Road provides an open interior suitable for office, studio, showroom, storage, or other permitted business uses. The space includes updated flooring, recessed lighting, a built-in counter or bar area, and private split-unit air conditioning.
The property is positioned near commercial corridors, public transportation, shops, and restaurants in Flushing. Its open configuration and existing interior features provide a practical setting for businesses seeking adaptable commercial space.
The property is positioned near commercial corridors, public transportation, shops, and restaurants in Flushing. Its open configuration and existing interior features provide a practical setting for businesses seeking adaptable commercial space.
Key Highlights
- Approximately 1,600 SF of lower‑level commercial space
- Open‑layout interior suited to office, studio, showroom, storage, or other permitted business uses
- Updated flooring and recessed lighting
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.81 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,554
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Flushing, NY
$52.38 /SF/Yr
Avg Asking Price
$29–$70 /SF/Yr
Price Range
6,714 SF
Avg Space Size
This space is priced 64% below the average of $52.38 /SF/Yr.
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial space with updated finishes, built-in counter, and private split-unit air conditioning.
Where is this flex space located?
The property is located at 131-48 40th Road Lower Level Flushing, NY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Approximately 1,600 SF of lower‑level commercial space; Open‑layout interior suited to office, studio, showroom, storage, or other permitted business uses; Updated flooring and recessed lighting
