Active
131-44 40th Road, Flushing
Est: $12,758/moGet pre-approved
Multi FamilyProperty Type
2007Year Built

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...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.
23 days on Market
  • Listed by: Shirley Y. Chen 718.229.2922 shirleychen727@gmail.com • Prime Realty
Last updated: 09/03/2026 12:30 PM • Source: ONEKEY as distributed by MLS GRID, MLS#: 1044524

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Location

Listing Courtesy of Prime Realty
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$12,758 per month

30 year fixed, 6.71% Interest

Principal and Interest

$10,330

Property Taxes

$2,429

Maintenance/Common Charges

$0

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Property Information for 131-44 40th Road

Property Details
  • MLS ID: 1044524
  • Taxes: $29,143 / year
  • MLS Type: Triplex
  • City/Township: New York
  • Waterfront: No
  • Section Area: Plympton Ave
Building Information
  • Residences: 6
  • Year Built: 2007
Summary
Location and General Information
  • Senior Community YN: No
  • Property Attached: Yes
  • Structure Type: Attached
  • State Or Province: NY
School Information
  • School District: Queens 25
  • Elementary School District: Queens 25
  • Elementary School: Ps 21 Edward Hart
  • Middle Or Junior School District: Queens 25
  • Middle Or Junior School: Jhs 189 Daniel Carter Beard
  • High School District: Queens 25
  • High School: Flushing High School
Unit Information
Unit Information
  • Number Of 1 Bedrooms: 0.0
  • Number Of 2 Bedrooms: 0.0
  • Number Of 3 Bedrooms: 0.0
  • Number Of 4 Bedrooms: 0.0
  • Building Units Total: 6
Taxes and HOA Information
Taxes and HOA Information
  • Tax Source: Municipality
  • Tax Year: 2026
Income & Expenses Information
Income & Expenses Information
  • Cap Rate: 11,577.00%
Interior and Exterior Features
Interior Features
  • Amenities: Open Floorplan, Public
  • Interior Features: Open Floorplan
  • Basement: Finished, Full, Walk-Out Access
  • Location Amenities: Walk Out Basement
  • Basement: Yes
Exterior Features
  • Exterior Property Features: None
  • Elevation Certificate: No
  • Construction Materials: Brick
Lot Information
  • Building Area Units: Square Feet
Parking
  • Parking Features: None
  • Garage: No
  • Carport: No
Utilities
  • Cooling: None
  • Heating: Natural Gas
  • Heat Fuel Type: Natural Gas
  • Number Of Heating Zones: 5
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Green Features
  • Green Features: Natural Gas

Property History for 131-44 40th Road

DateEvent & SourcePriceAppreciationLink
Sep 3, 2026

Price Change

ONEKEY #1044524

$1,999,000
Aug 31, 2026

Price Change

ONEKEY #1044524

$2,199,000
Aug 29, 2026

Listed (Active)

ONEKEY #1044524

$2,599,000
DateEvent & SourcePrice
09/03/2026

Price Change

ONEKEY #1044524

$1,999,000
08/31/2026

Price Change

ONEKEY #1044524

$2,199,000
08/29/2026

Listed (Active)

ONEKEY #1044524

$2,599,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 131-44 40th Road

Taxable ValueLand-Additions-Total-
Home Facts
APN4050600151

Schools near 131-44 40th Road

This home is within New York City Geographic District #25.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 20 John Bowne
PublicPK to 5

Jhs 189 Daniel Carter Beard
Public6 to 8

Flushing High School
Public9 to 12

College Point Collaborative
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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131-44 40th Road is a multi-family home for sale in Flushing. This property was listed for sale on August 29, 2026 by Prime Realty, it's currently listed at $1,999,000. It has been on the market for a total of 23 days and was last sold on August 12, 2015. This listing's school district is New York City Geographic District #25. Nearby schools include P.S. 20 John Bowne, Jhs 189 Daniel Carter Beard and Flushing High School. 131-44 40th Road is a 0-bed, 0-bath multi-family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prime Realty

Based on information submitted to the MLS GRID as of 09/03/2026 12:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.