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Mixed-Use Property with Storefronts

135-07/11 40TH Road, Flushing, NY 11354

For Sale
$23,880,000

Commercial Sale, Flushing, NY

Property SizeContact for details
Days on Market48

Property Features for 135-07/11 40TH Road

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Queens 25
Middle school district Queens 25
High school district Queens 25
Standard status Active
APN 05036-7501

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 322794

Utilities

Sewer type Public Sewer
Heating system Baseboard
Water source Public

Building Details

Building materials Brick
Listing Agency: E Realty International Corp
Listed By: Hsin Yuan Yang · License #10311205376
Added: Sep 23 Changed: Oct 5 Last Checked: Nov 9 at 6:06AM
MLS# 1052685

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Located at 135-07/11 40th Road in Flushing, Queens, this mixed-use property contains 2 street-level retail storefronts, a commercial parking garage, 3 office spaces, and 14 residential units. The building is constructed of brick and has baseboard heating, public water, and public sewer.

The existing spaces represent several property uses within one building. A future reconfiguration into condo or hotel units has been proposed, subject to zoning, governmental approvals, building requirements, and applicable laws.

Key Highlights

  • 14 residential units
  • 2 street‑level retail storefronts
  • Commercial parking garage and 3 office spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Barber Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,554
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Mixed-use properties in Flushing, NY

$528 Jul
$607 Aug
$456 Sep
$619 Oct

Properties on Market for Mixed-use properties in Flushing

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The existing layout combines street-level retail, office space, apartments, and a commercial garage.
Where is this mixed-use property located?
The property is located at 135-07/11 40TH Road Flushing, NY.
What is the asking price?
The asking price for this property is $23,880,000.
What are key features of this property?
This property features: 14 residential units; 2 street‑level retail storefronts; Commercial parking garage and 3 office spaces
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