Financial
Distress signals
Property profile

131-48 40Th Rd Lower Level Flushing, NY 11355

FOR LEASE
Other investment properties
Property ID
US63-3659707
6,412 SF 0.04 ac lot Built 2007
Last sale Jan 2026 · $2,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an approximately 1,600-square-foot lower-level retail/commercial space with an open interior layout designed to accommodate a range of permitted business uses. Interior improvements include updated flooring, recessed lighting, a built-in counter/bar area, and private split-unit air conditioning. The space is located at 131-48 40th Road in Flushing, near established commercial corridors and public transportation, with surrounding retail and dining amenities. The configuration is

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$70k
Tax billed · 2024
Assessed value$691k
Assessed land$68k
Assessed improvement$622k
Effective rate10.13%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$749/SF
ZIP average, outlier-cleaned · 154 recorded sales of this use type
Observed band · Q1–Q3$381 – $1,130
Qualifying comparables53

Cap rate analysis

How does the asset earn?
402.60%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C4-2
This district comprise the City major and secondary shopping and business centers, which provide for shopping needs and services over a w...
General categoryCOMMERCIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner10.6
Veterinary Clinic10.5
Assisted Living Facility10.5

Location

131-48 40Th Rd, Unit Lower Level Flushing, NY 11355
County assessor Recorded deeds · 9 transfers 53 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13525 40th, Flushing, NY 11354-5347 $3,440,250 Aug 2025 3,784 SF
13146 40th, Flushing, NY 11354-5181 $1,802,937 Mar 2025 6,004 SF
13524 37th, Flushing, NY 11354-6607 $3,180,000 Feb 2025 4,130 SF
3408 Un, Flushing, NY 11354-3053 $4,200,000 May 2023 5,875 SF
3527 154th, Flushing, NY 11354-5019 $3,900,000 Jun 2022 9,839 SF
14226 Roosevelt, Flushing, NY 11354-6042 $23,000,000 Feb 2022 5,480 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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