$3,400,000
●
Commercial -
Off Market
131-44 40th Road
Flushing, NY 11354
Studio
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Commercial
Loft
-
-
$3,700,000
Aug 8, 2018
$3,700,000
Sep 19, 2019
$9/mo
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
Sold
Multifamily
6
Beds
5
Baths
-
$3,300,000
May 13, 2020
$3,300,000
Dec 29, 2020
$953/mo
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 |
---|---|---|---|---|---|---|---|---|
01/04/2023
|
|
Loft
|
-
|
-
|
$4,000,000
Loft
-
|
-
-
|
-
|
Fangyu Liu
Chase Global Realty Corp
|
04/21/2019
|
|
Studio
|
-
|
-
|
$3,980,000
Studio
-
|
-
-
|
-
|
Fang He
MEHOME Realty
|