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Prime Flushing Retail/Office Space
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142-40 Roosevelt Ave, Flushing, NY 11354

Renovated retail/office space in high-traffic Flushing location.

Space Size3,000 SF
Days on Market199

Property Features for 142-40 Roosevelt Ave

General Information

Standard status Active
Size 3,000 SF
Class A
Property subtype Retail, Office, Restaurant

Building Details

Tenancy Single

Spaces For Lease

at 142-40 Roosevelt Ave
Ground + Second Floor Active
Size 3,000 SF
Contact us
Listing Agency: Flushing Kent Realty Management LLC
Listed By: Anthony Pastecchi · License #NY 10401281003
Source: Crexi
Added: Mar 16 Changed: Sep 26 Last Checked: Sep 30 at 11:13AM

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 Flushing Kent Realty Management LLC

Investment Insights

Based on property information with market context.

Located in Flushing, the fourth-largest business district in New York City, this commercial space benefits from its proximity to the bustling intersection of Main Street and Roosevelt Avenue, the third-busiest intersection in New York City. The Flushing Main St. 7 train subway station is one of the top 10 most frequented subway stops in the city, ensuring high foot traffic daily and year-round. The available space, suitable for retail or office use, offers approximately 3,400 square feet across the first and second floors, with a basement available for storage. The second floor features a ceiling height of 9 feet 6 inches. The property has two entrances to the first floor, two to the second floor, and one exterior entrance to the basement. The electrical capacity is 400 AMP, and gas is available. The building was fully renovated in 2022. Nearby businesses include numerous restaurants, Flagstar Bank, Chase Bank (undergoing a $10 million renovation), Bank of America (opening on Main Street), TD Bank, Woori Bank, Santander Bank, Flushing Bank, HSBC, ICBC, Citi (undergoing major renovation), Cathay Bank, Metro City Bank, East West Bank, Macy’s, KFC, T-Mobile, AT&T, Duane Reade, CityMD, Chipotle, Teso Life, Hai Di Lao, New World Mall and Paris Baguette. In 2024, the Flushing-Main St subway station recorded 14,592,853 riders, ranking as the 10th busiest stop in New York State. Additionally, the Q58 bus route was the 2nd busiest with 7,189,253 riders and the Q27 bus route was the 4th busiest with 5,480,039 riders. Over 20 bus routes converge on Roosevelt Avenue near the property.

Key Highlights

  • High foot traffic location: Flushing Main St., a top 10 busiest subway stop in NYC
  • Prime retail area: Located in Downtown Flushing, the third‑busiest intersection in NYC
  • Flexible lease terms: Offering adaptability for different business needs

Property Analytics

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Current Use

Kim's Hair Salon Hair Salon 아일랜드스파 Specialty Food Shop

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,847
Businesses Nearby
218k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 45% Dining 27% Groceries 11% Office Supplies 9%
Staples Office Supplies
19,965 visits/mo 0.4 miles
Bank of America Shops & Services
17,011 visits/mo 0.2 miles
Starbucks Dining
16,082 visits/mo 0.2 miles
White Castle Dining
15,897 visits/mo 0.3 miles
Mobil Shops & Services
15,832 visits/mo 0.0 miles

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
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Market

Lease Benchmarks for Flushing, NY

$76.81 /SF/Yr
Avg Asking Price
$7.61–$667 /SF/Yr
Price Range
4,997 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Renovated retail/office space in high-traffic Flushing location.
Where is this retail space located?
The property is located at 142-40 Roosevelt Ave Flushing, NY.
What are key features of this property?
This property features: High foot traffic location: Flushing Main St., a top 10 busiest subway stop in NYC; Prime retail area: Located in Downtown Flushing, the third‑busiest intersection in NYC; Flexible lease terms: Offering adaptability for different business needs
More about this property
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