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$6,580,000
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Property Description
Investor Alert! Rare opportunity to acquire a brand-new mixed-use elevator building in the heart of Flushing, featuring a ground-floor retail space, a basement with a separate entrance, and 8 residential units above. Opportunities like this are exceptionally rare in the local market, especially for newly built mixed-use assets with elevator service and long-term investment potential. The property offers a strong and practical configuration for investors, combining street-level commercial visibility with multiple upper-floor residential units in a modern, professionally presented building. The residential units feature contemporary interiors, updated kitchens and bathrooms, modern cabinetry, and clean, functional layouts designed for comfortable everyday living. All units are separately metered for water, electricity, and gas, with utilities paid by the tenants, helping reduce ownership costs and improve operational efficiency. The ground-floor retail space benefits from direct street frontage and strong visibility, while the surrounding residential density supports steady neighborhood demand. With stable rental potential, low-maintenance new construction, and future condo sellout potential, this property is well suited for investors seeking consistent cash flow, long-term appreciation, and multiple exit strategies. Conveniently located near Main Street, the Botanical Garden, and a wide range of established neighborhood amenities, this is a compelling Flushing investment opportunity in one of the area's most active and resilient rental markets.
Full Property Details
Full Property Details for 134-40 Blossom Ave
General
- Price: $6,580,000
- Taxes: $42,251
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 970991
- Updated: 3/17/2026
- Added to Site: 23 day(s) ago
Business
- Business Type: Professional/Office
Location
- County: Queens
- Cross Streets: Main St
- Driving Directions: Google Maps
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Block, Brick
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Stories/Levels: 5
- Stories in Building: 5
- Building Size: 9798
- Square Feet: 9,798
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.058
- Lot Size (Sq. Ft.): 2,527
- Zoning: R6
Financial Considerations
- Tax Amount: $42,251.44
Disclosures and Reports
- Special Conditions: None
- Property ID: 05124-0028
Listed by B Square Realty
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Schools
Schools serving 134-40 Blossom Ave
School District:New York City Geographic School District 25
| Name | Grades | Distance |
|---|---|---|
Ps 120 58-01 136th St, Queens, NY 11355 | K-5 | 0.5 mi |
Is 237 46-21 Colden St, Queens, NY 11355 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 134-40 Blossom Ave
Date
Details
Price
Change
Source
3/13/2026
Listed
$6,580,000
353.79%
MLS
6/07/2017
Sold
$1,450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 134-40 Blossom Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$42,459
—
$339,669
-62%
2024
$42,465
—
$900,000
165%
2023
$42,465
54%
$339,669
-58%
2022
$27,499
311%
$814,500
156%
2021
$6,691
-20%
$318,714
383%
2020
$8,324
6%
$66,000
2%
2019
$7,853
11%
$64,560
84%
2017
$7,085
—
$35,001
1%
2017
$7,085
8%
$34,754
6%
2016
$6,566
2%
$32,844
—
2015
$6,408
13%
$32,770
6%
2014
$5,692
8%
$30,916
6%
2013
$5,273
—
$29,168
—
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 134-40 Blossom Ave
134-40 Blossom Avenue, Flushing, NY 11355 (MLS# 970991) is a Commercial property. 134-40 Blossom Avenue is currently listed for $6,580,000 and was received on March 13, 2026. Want to learn more about 134-40 Blossom Avenue? 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.

