131-48 40th Road, Flushing, NY 11354 - Photo 1

1/1

$2,350,000

Sold
Closed
Commercial
Updated 10 days ago

1/1

Property Description

Prime Location! Mix-Use Building Situated in the Heart of Downtown Flushing. Completed in 2007. Building Size: Approximately 6412 Sqft. Lot Size: 20*86. This Building Feature 1 Commercial Unit and 3 Residential Units. Great Income. With its prime location, stable rental income, and favorable zoning, 131-48 40th Road presents a compelling investment opportunity. 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 131-48 40th Rd

General

Sold For: $2,350,000
Taxes: $69,940
Status: Closed
Type: Commercial
Source: Long_Island
MLS ID: 866195
Added to Site: 248 day(s) ago

Location

County: Queens

Heating & Cooling

Cooling Type: None
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: See Remarks

Structural Information

Detached/Attached: Detached
Construction: Brick
Basement: Yes
Basement Desc.: Finished, Full Basement, Walk-Out Access
Building Size: 6412
Square Feet: 6,412
Year Built: 2007

Lot Features

Lot Size (Acres): 0.0402
Lot Size (Sq. Ft.): 1,750
Zoning: C4-2

Financial Considerations

Tax Amount: $69,940

Disclosures and Reports

Special Conditions: None
Property ID: 05060-0149

Listed and Sold by Prime Realty

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Listing agents

— 131-48 40th Rd —

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718-229-2922

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Schools

Schools serving 131-48 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
Flushing High School 35-01 Union St, Queens, NY 11354	9-12	0.7 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 131-48 40th Rd

Date

Details

Price

Change

Source

1/02/2026

Sold

$2,350,000

-21.64%

MLS

6/05/2025

Listed

$2,999,000

—

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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131-48 40th Road, Flushing, NY 11354 (MLS# 866195) is a Commercial property that was sold at $2,350,000 on January 02, 2026. Want to learn more about 131-48 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.

131-48 40th Rd Flushing, NY 11354