For sale

$1,999,000

Est. $13,367/mo —

Studio

•

— ba

•

—

sq ft

131-44 40 Rd, Flushing, NY 11354

About this home

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.

Multi-familyProperty Type

2007Year Built

Listing by Shirley Chen • Prime Realty

Contact: 718-229-2922

Listing updated: Sep 3, 2026 at 12:30pm

Redfin checked: 2 minutes ago

•Source:OneKey® MLS as Distributed by MLS Grid #1044524

Payment calculator

$13,367 per month

Principal and interest$10,506

Property taxes

$2,429

HOA dues

Home insurance

$433

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

PS 20 John Bowne

Public PreK-5 • Assigned • 0.6mi

8/10

Junior High School 189 Daniel Carter Beard

Public 6-8 • Assigned • 0.9mi

7/10

Flushing High School

Public 9-12 • Assigned • 0.7mi

3/10

Provided by GreatSchools

About

Flushing

Flushing, located between Corona Park and Bayside, is a historic and commercial New York neighborhood with a busy downtown core and a waterfront edge. The neighborhood’s character concentrates around Main Street and Roosevelt Avenue, where food halls, produce markets, bakeries, and late-night eateries cluster under the rumble of the 7 train. Low-rise prewar blocks and brick co-ops give way to newer glass towers near Northern Boulevard. Flushing Meadows Corona Park frames the area with broad lawns, stadium lights, and museum campuses. Community pillars include the Queens Botanical Garden, the Queens Museum, and the historic Flushing Town Hall. The Long Island Rail Road at Murray Hill and the Mets–Willets Point transit hub keep the street grid in constant motion.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Open floor plan
Finished full basement with walk-out access

Heating & cooling
Natural gas heating
No cooling system

Sale and tax history for 131-44 40 Rd

Sale History
Tax History

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

20 ft.

Lot depth

60 ft.

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Queens County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 29, 2026.

C4-2

General Commercial Districts

C4 districts are mapped in regional commercial centers, such as Flushing in Queens and the Hub in the Bronx, that are located outside of the central business districts. In these areas, specialty and department stores, theaters and other commercial and office uses serve a larger region and generate more traffic than neighborhood shopping areas. Use Groups 5, 6, 8, 9, 10 and 12, which include most retail establishments, are permitted in C4 districts. Uses that would interrupt the desired continuous retail frontage, such as home maintenance and repair service stores listed in Use Group 7, are not allowed.

Permitted uses

Include but are not limited to:

Religious facility
Bank
General retail
Restaurant
Hospital / medical center
Housing
Office
Public service
Golf related
Death related / funeral home

Historical weather

Flushing, NY • 11354

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

70/ 100

Good sunlight

Sunscore

This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

6.1 hrs

5.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 131-44 40 Rd

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Details provided by OneKey® MLS as Distributed by MLS Grid and may not match the public record. Learn more.

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