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Three-Unit Storefront Property
For Sale
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35-40 Union Street, New York, NY 11354

Multiple commercial units feature separate utility systems and a Downtown Flushing location near Northern Blvd.

Property SizeContact for details
Days on Market203

Property Features for 35-40 Union Street

General Information

Standard status Active
Property subtype Business for Sale, Office, Retail

Building Details

Year Built 2025
Stories 3
Listing Agency: Douglas Elliman Real Estate
Listed By: Jane Gao · License #10301212998
Source: Crexi
Added: Feb 11 Changed: Aug 29 Last Checked: Sep 1 at 1:23AM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This storefront property includes three commercial units along Union St. The building has four electricity meters and four separate boilers, giving each space distinct utility infrastructure. Current tenants occupy the property, and showings are available by appointment only.

Located in Downtown Flushing, the property sits one-half block from Northern Blvd. Restaurants, banks, a hotel, and shops are nearby, placing the storefronts within an active mix of commercial and service businesses. The three-unit configuration and separately metered utilities provide a clearly defined physical layout for the existing commercial spaces.

Key Highlights

  • Three commercial units on Union St
  • Four electricity meters
  • Four separate boilers

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Garden Center Restaurant Grocery & Convenience Store 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.

Location Intelligence

Trade Area within ½ mile

7,334
Businesses Nearby
335k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 43% Dining 33% Shops & Services 15% Hotels & Casinos 8%
Stop & Shop Groceries
58,603 visits/mo 0.4 miles
H Mart Groceries
42,194 visits/mo 0.3 miles
H Mart Groceries
42,072 visits/mo 0.5 miles
McDonald's Dining
31,361 visits/mo 0.4 miles
Shell Shops & Services
21,073 visits/mo 0.3 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

Market

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?
Storefront property - Multiple commercial units feature separate utility systems and a Downtown Flushing location near Northern Blvd.
Where is this storefront property located?
The property is located at 35-40 Union Street New York, NY.
What is the asking price?
The asking price for this property is $1,568,000.
What are key features of this property?
This property features: Three commercial units on Union St; Four electricity meters; Four separate boilers
(718) 886-6800 Call to check price and availability
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