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.
For sale
Price cut: $200K (9/3)
$1,999,000
131-44 40 Road, Flushing, NY 11354
--beds
--baths
--sqft
Triplex, Multi Family
Built in 2007
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 10 days
- 416
- 17
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Prime Realty 718-229-2922,
Shirley Y. Chen 917-254-0248
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1044524
Facts & features
Interior
Heating
- Natural Gas
Cooling
- None
Features
- Open Floorplan
- Basement: Finished,Full,Walk-Out Access
Property
Parking
- Parking features: None
Details
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Community & HOA
Location
- Region: Flushing
Financial & listing details
- Annual tax amount: $29,143
- Date on market: 8/29/2026
- Cumulative days on market: 10 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $1,999,000-9.1% |
Source:  OneKey® MLS as distributed by MLS GRID #1044524 Report a problem | ||
| 9/1/2026 | Price change | $2,199,000-15.4% |
Source: OneKey® MLS as distributed by MLS GRID #1044524 Report a problem | ||
| 8/29/2026 | Listed for sale | $2,599,000 |
Source: OneKey® MLS as distributed by MLS GRID #1044524 Report a problem | ||
| 2/14/2019 | Listing removed | $1,850 |
Source: Zillow Rental Manager Report a problem | ||
| 1/19/2019 | Price change | $1,850-2.6% |
Source: Zillow Rental Manager Report a problem | ||
| 1/2/2019 | Listed for rent | $1,900+8.6% |
Source: Zillow Rental Manager Report a problem | ||
| 11/19/2018 | Listing removed | $1,750 |
Source: Chase Global Realty Report a problem | ||
| 11/16/2018 | Listed for rent | $1,750-10.3% |
Source: Chase Global Realty Report a problem | ||
| 1/3/2017 | Listing removed | $1,950-2.5% |
Source: Canaan Realty International #2902932 Report a problem | ||
| 7/14/2015 | Listing removed | $2,000 |
Source: B & T Realty #2779483 Report a problem | ||
| 7/10/2015 | Price change | $2,000-16.7% |
Source: B & T Realty #2779483 Report a problem | ||
| 6/9/2015 | Price change | $2,400+20% |
Source: East Coast, REALTORS Inc #2769746 Report a problem | ||
| 6/6/2015 | Listed for rent | $2,000 |
Source: East Coast, REALTORS Inc #2769746 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Flushing
Nearby schools
Schools provided by the listing agent
- Elementary: Ps 21 Edward Hart
- Middle: Jhs 189 Daniel Carter Beard
- High: Flushing High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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