Date
Details
Price
Change
Source
1/02/2026
Listed
$2,899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/14
$2,899,000
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1/14
Property Description
Prime Location! Mix-Use Building Situated in the Heart of Downtown Flushing. Completed in 2007. Building Size: Approximately 5007 Sqft. Lot Size: 20*60. This Building Feature 3 Commercial Unit and 3 Residential Units. Great Income. With its prime location, stable rental income, and favorable zoning, 131-44 40th Road presents a compelling investment opportunity. The remaining tax abatement further enhances the property's financial attractiveness. Prospective investors should consider this property for its potential for long-term appreciation and consistent cash flow. Located just steps away from Main Street, the property offers excellent visibility and accessibility. It is conveniently situated near the Main Street subway station and the Long Island Rail Road (LIRR), providing easy transportation options for tenants and customers. The area boasts heavy foot traffic and is surrounded by shopping centers, offices, and residential towers, enhancing the property's appeal to potential tenants. A Must See.
Full Property Details
Full Property Details for 131-44 40th Rd
General
- Price: $2,899,000
- Taxes: $16,412
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 947446
- Updated: 1/2/2026
- Added to Site: 15 day(s) ago
Parking
- Parking Features: None
Location
- County: Queens
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
- Heating Zones: 5
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished, Full Basement, Walk-Out Access
- Stories/Levels: 5
- Stories in Building: 5
- Building Size: 5007
- Square Feet: 5,007
- Year Built: 2007
Lot Features
- Lot Size (Acres): 0.0275
- Lot Size (Sq. Ft.): 1,200
Financial Considerations
- Tax Amount: $16,412
Disclosures and Reports
- Special Conditions: None
- Property ID: 05060-0151
Listed by Prime Realty
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Listing agents
— 131-44 40th Rd —
Prime Realty
Prime Realty
718-229-2922
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 131-44 40th Rd
School District:New York City Geographic School District 25
| Name | Grades | Distance |
|---|---|---|
Ps 20 John Bowne 142-30 Barclay Ave, Queens, NY 11355 | K-5 | 0.6 mi |
Jhs 189 Daniel Carter Beard 144-80 Barclay Ave, Queens, NY 11355 | 6-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131-44 40th Rd
Tax History
Tax History for 131-44 40th Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,710
-29%
$263,520
6%
2024
$26,454
33%
$249,750
-13%
2023
$19,924
-26%
$287,730
13%
2022
$27,020
73%
$253,800
3%
2021
$15,621
-30%
$245,700
-25%
2020
$22,456
4%
$328,950
5%
2019
$21,556
6%
$311,850
3%
2017
$20,288
—
$301,500
-3%
2017
$20,288
1%
$310,950
—
2016
$20,080
1%
$310,500
8%
2015
$19,881
8%
$286,200
3%
2014
$18,377
-8%
$277,650
—
2013
$19,900
—
$277,650
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 131-44 40th Rd
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- Commercial
- Active
- Updated 11 days ago
Listed by E Realty International Corp
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- Active
- Updated 8 hours ago
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- Commercial Lease
- Active
- Updated 3 days ago
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- Condo
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
Listed by New Group Realty Inc
131-44 40th Road, Flushing, NY 11354 (MLS# 947446) is a Commercial property. 131-44 40th Road is currently listed for $2,899,000 and was received on January 02, 2026. Want to learn more about 131-44 40th Road? Do you have questions about finding other Commercial real estate for sale in Flushing? You can browse all Flushing real estate or contact a Coldwell Banker agent to request more information.