Mixed-Use Development
For Sale
Contact for pricing
131-50 40TH RD FLUSHING NY 11354, Flushing, NY 11354
A C4-2 zoned Flushing lot supports a proposed ground-floor medical office with residential units above.
Property SizeContact for details
Days on Market76
Property Features for 131-50 40TH RD FLUSHING NY 11354
General Information
Standard status
Active
Property subtype
Multifamily, Mixed Use, Land
Zoning
C4-2
Additional Details
Multifamily Units
18
Building Details
Units
18
Listing Agency:
Capri Industrial Partners
Listed By:
Stephen Davis · License #10491212764
Source:
Crexi
Added: Jun 22
Changed: Aug 22
Last Checked: Sep 1 at 8:37AM
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 Capri Industrial Partners
Investment Insights
Based on property information with market context.
This offering presents a boutique mixed-use development opportunity on a 3,500 SF site (50' x 70') in Downtown Flushing. The property is described as having C4-2 zoning with a 4.8 Community Facility FAR, allowing for approximately 16,800 buildable square feet, subject to independent verification. The preliminary proposed program includes a 3,150 SF ground-floor medical office for a specialty practice, outpatient clinic, or wellness provider, with residential space above totaling 13,650 SF and an estimated 15–18 units. The 50-foot-wide floor plate is described as supporting flexible one- and two-bedroom layouts, with potential for private balconies, a rooftop amenity terrace, and elevator service.
The site is positioned just minutes from the Main Street retail corridor and near the 7 Train and LIRR, with numerous medical providers in the surrounding area.
All zoning, floor area, unit counts, and development scenarios are preliminary and subject to verification by the purchaser’s architect, engineer, and legal counsel.
The site is positioned just minutes from the Main Street retail corridor and near the 7 Train and LIRR, with numerous medical providers in the surrounding area.
All zoning, floor area, unit counts, and development scenarios are preliminary and subject to verification by the purchaser’s architect, engineer, and legal counsel.
Key Highlights
- 3,500 SF lot (50' x 70') in Downtown Flushing, Queens, zoned C4‑2.
- 4.8 Community Facility FAR allows approximately 16,800 buildable SF.
- Proposed design includes a 3,150 SF ground‑floor medical office.
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
6,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - A C4-2 zoned Flushing lot supports a proposed ground-floor medical office with residential units above.
Where is this commercial land located?
The property is located at 131-50 40TH RD FLUSHING NY 11354 Flushing, NY.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 3,500 SF lot (50' x 70') in Downtown Flushing, Queens, zoned C4‑2.; 4.8 Community Facility FAR allows approximately 16,800 buildable SF.; Proposed design includes a 3,150 SF ground‑floor medical office.
