James Parks
Call: (240) 397-0453
Text: (240) 397-0453
MLS#1044524
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 25
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full, Walk-Out Access
Basement: Yes
Cooling: None
Heating: Natural Gas
Taxes: $29,143
Year Built: 2007
Amenities
Open Floorplan
Feature Descriptions
Cap Rate: 11577
Days on Site: 1
Exterior: Brick
Heating Zones: 5
On Market Date: 2026-08-29
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Flushing High School
Middle School: Jhs 189 Daniel Carter Beard
Elementary School: Ps 21 Edward Hart
School District: Queens 25
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Estimated Payment
$ 8,970.87 per month $5,784.25 Principal & Interest $2,428.58 Property Tax $758.04 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Prime Realty
Agency Contact: 718-229-2922
Shown By
Agent Name: James Parks
Agent Phone: (240) 397-0453
Agency Title: Laffey Real Estate
131-44 40 Road | MLS# 1044524
This multi-family property located at 131-44 40 Road , Flushing, NY 11354 is currently listed for sale with an asking price of $2,599,000. 131-44 40 Road is located within the Queens 25 school district. Search Flushing real estate on jamesparks.laffey.com today.