by RH Advisors

See Home Value
$3,400,000
Commercial - Off Market

131-44 40th Road

Flushing, NY 11354
bedrooms
Studio
bathrooms
0 Bath
$3,531,587
RealtyHop Estimate
3.87%
Since May 1, 2023
NY-New York
Primary Model

About This Property

The 4 stories plus cellar mixed-use building located at prime location of downtown Flushing. About 4,060 sqft gross building area above grade and 1,200 sqft legal cellar retail. The first floor is retail store with mezzanine offices. Above floors are two three-bedroom residential duplexes. It has 11 year Tax Abatement remaining. It generates $160k annual  gross rental income. Rent roll upon request.   Highlights:                                                                                                                                                                                         *Heavy Foot Traffic  *Prime location, in heart of Downtown Flushing  *Surrounded by Shopping Centers, Offices and Residential Towers *Steps away from Main Street, Subway Station and LIRR *11 Year Tax Abatement remaining *$160k Gross Income
Unit Size
-
Days on Market
-
Land Size
0.03 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,368
HOA Dues
-
Year Built
2007
Last updated: 2 years ago (OneKey MLS #3450690)

Price History

Date / Event Date Event Price
Dec 12, 2023 No longer available -
No longer available
Apr 20, 2023 Price Decreased $3,400,000
↓ $200K (5.6%)
Price Decreased
Mar 7, 2023 Price Decreased $3,600,000
↓ $200K (5.3%)
Price Decreased
Feb 2, 2023 Price Decreased $3,800,000
↓ $200K (5%)
Price Decreased
Jan 4, 2023 Listed by Chase Global Realty Corp $4,000,000
Listed by Chase Global Realty Corp
Show More

Property Highlights

Exterior Details

Property Information

Square Footage: 5260

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Area: 0.03
Lot Size Units: Acres
Lot Size Acres: 0.03
Financial Details
Tax Annual Amount: $16,413


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$3,700,000 Aug 8, 2018
$3,700,000 Sep 19, 2019
$9/mo
Commercial
Loft
-
-
$3,745,000 Jul 8, 2020
$3,745,000 Mar 16, 2021
-
Commercial
Loft
-
-
$3,850,000 Apr 8, 2019
$3,850,000 Jan 15, 2020
$4,704/mo
Commercial
Loft
-
-
$3,600,000 Sep 13, 2019
$3,600,000 Aug 14, 2020
$2,892/mo
Commercial
Loft
-
-
$3,300,000 May 13, 2020
$3,300,000 Dec 29, 2020
$889/mo
Multifamily
6 Beds
5 Baths
-
$3,300,000 May 13, 2020
$3,300,000 Dec 29, 2020
$953/mo
Commercial
Loft
-
-
$3,998,000 Mar 16, 2022
-
$993/mo
Commercial
Loft
-
-
$4,180,000 Nov 5, 2022
-
-
Commercial
Loft
-
-
$3,680,000 Mar 16, 2022
-
$993/mo
Commercial
Loft
-
-
$3,500,000 Mar 24, 2022
-
$2,825/mo
Land
Loft
-
-
$3,500,000 Oct 11, 2022
-
-
Multifamily
9 Beds
7 Baths
-
$4,200,000 Sep 9, 2022
-
$4,167/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230104
01/04/2023
Loft
-
-
$4,000,000
bedrooms
Loft
bathrooms
-
-
-
-
Fangyu Liu
Chase Global Realty Corp
20190421
04/21/2019
Studio
-
-
$3,980,000
bedrooms
Studio
bathrooms
-
-
-
-
Fang He
MEHOME Realty

Building Info

131-44 40th Road 131-44 40th Road, Flushing, NY 11354
  • 4 Units
More about this Building
131-44 40th Road
Want to find out who owns 131-44 40th Road, Flushing, NY 11354? Get detailed property transactions here .

About Northeastern Queens


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