New York City  »  11358  »  159th St  »  4021 159th St

40-21 159th Street, Flushing, NY 11358 Property Information

40-21 159th Street, Flushing, NY 11358 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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40-21 159th Street, Flushing, NY 11358 1
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Address

Primary address 40-21 159th Street
Neighborhood Murray Hill
Zip code 11358
Borough Queens
Block & lot 05278-0009

Sales & Tax Overview for 40-21 159th Street, Flushing

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 03/03/2025
Purchase price $3,590,000
Tax class
Estimated property tax $29,586

Lot & Building Information for 40-21 159th Street, Flushing

Lot sq. ft. 2,000
Lot dimensions 20 ft x 100 ft
Property type Office with Commercial - 1 to 6 Stories (O5)
Building sqft 3,966
Building dimensions 20 ft x 96 ft
Buildings on lot 1
Stories 3
Year built 2009
Status
Status date
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Zoning & Use for 40-21 159th Street, Flushing

Zoning
Qualified opportunity zone
Commercial units 6
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 25
Community district 7
Closest police station 1.05 Miles
Closest fire station 0.33 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 40-21 159th Street, Flushing

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 40-21 159th Street, Flushing, NY 11358, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 40-21 159th Street, Flushing, NY 11358, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 40-21 159th Street, Flushing

How many sq. ft. does 40-21 159th Street, Flushing, NY 11358 have & what is the price per sq. ft?

This Office with Commercial - 1 to 6 Stories (O5) located at 40-21 159th Street, Flushing, NY 11358 has a total of 3,966 square feet and a current price per square foot of $905.

What is the year built & the current market value of 40-21 159th Street, Flushing, NY 11358?

40-21 159th Street, Flushing, NY 11358 was built in 2009 and has a current tax assessor's market value of $811,000.

How many commercial spaces does this building have?

This building has 6 commercial spaces available for lease.

Ownership Information for 40-21 159th Street, Flushing

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Property owner name for 40-21 159th Street, Flushing, NY 11358
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Building contacts for 40-21 159th Street, Flushing, NY 11358
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 40-21 159th Street, Flushing

Create a free account to view the complete sales history for 40-21 159th Street, Flushing, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
03/03/2025 $3,590,000
04/10/2017 $2,700,000
09/26/2013 $2,510,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 40-21 159th Street, Flushing

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
03/11/2025 - R UCC3 Termination
(2025030700353007)
03/03/2025 - D
03/11/2025 - R
Assignment of Leases and Rents
(2025030700353005)
03/03/2025 - D
03/11/2025 - R
Agreement
(2025030700353004)
03/03/2025 - D
03/11/2025 - R
Mortgage
(2025030700353003)
03/03/2025 - D
03/11/2025 - R
Deed
(2025030700353001)
02/27/2025 - D
03/11/2025 - R
Termination of Assign of L&R
(2025030700353006)
02/27/2025 - D
03/11/2025 - R
Assignment, Mortgage
(2025030700353002)
05/21/2024 - R Initial UCC1
(2024052100176001)
11/21/2017 - R UCC3 Assignment
(2017111700411001)
05/31/2017 - D
07/26/2017 - R
Assignment, Mortgage
(2017072100514003)
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R: Recorded date
D: Document date

Property Taxes for 40-21 159th Street, Flushing

Access detailed property tax data for 40-21 159th Street, Flushing, NY 11358. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $25,339
Estimated property tax: $29,586
Tax assessor's market value: $811,000
Assessed value: $364,950

Assessment History for 40-21 159th Street, Flushing

Here's the assessment & property tax history for 40-21 159th Street, Flushing, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $811,000 $364,950 $364,950 10.848% $39,590 $25,339 +10.71%
2024/25 $914,000 $411,300 $411,300 10.762% $44,264 $22,888 -16.55%
2023/24 $1,181,000 $531,450 $528,030 10.592% $55,929 $27,428 +45.92%
2022/23 $1,136,000 $511,200 $511,200 10.646% $54,422 $18,796 +31.70%
2021/22 $1,031,000 $463,950 $463,950 10.755% $49,898 $14,272 -73.42%

Permits for 40-21 159th Street, Flushing

The complete history of permits filed for 40-21 159th Street, Flushing, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
04/10/2026 Alteration CO
01/23/2026 Alteration
01/23/2026 Alteration
10/07/2025 Alteration
09/24/2025 Alteration
07/14/2025 Alteration
06/12/2025 Alteration
06/06/2025 Alteration CO
05/28/2025 Alteration
05/09/2025 Alteration
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Queens Commercial Market Stats

Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$426
-1.6% YoY
Median Price/Sqft Q4/2025
$457
11.4% YoY
Median Price/Sqft 2025
$445
4.3% YoY

Check out recently sold homes in Queens and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Main St & Roosevelt Ave at SE Corner
Station lines 7
Distance (miles) 1.176
View subway map
Bus Routes
Name Northern BL/159 St
Line Q28
Distance (miles) 0.042

Neighbors for 40-21 159th Street, Flushing

Here are the neighbors for 40-21 159th Street, Flushing, NY 11358.

Address Square feet Purchase date Purchase price
35-04 160th St, Flushing 3,521 02/07/2024 $1,870,000
40-31 158th St, Flushing 2,626 10/04/2010 $735,000
40-26 158th St, Flushing 1,978 08/17/2023 $1,060,000
35-21 159th St, Flushing 1,839 01/31/2023 $1,300,000
35-03 159th St, Flushing 2,506 08/09/2024 $1,550,000
40-20 159th St, Flushing 5,265 09/16/2010 $530,000
35-12 160th St, Flushing 2,544 04/09/2007 $990,000
40-36 158th St, Flushing 1,108 09/10/1997
40-15 159th St, Flushing 1,656 09/28/1973
35-25 159th St, Flushing 2,593 11/01/2000
35-15 159th St, Flushing 2,606 10/18/2001
35-33 159th St, Flushing 2,253 07/31/1992
35-20 160th St, Flushing 1,935 11/28/2007 $955,000
40-29 158th St, Flushing 1,568 08/22/1980
40-32 158th St, Flushing 1,937 05/06/2006
35-26 160th St, Flushing 2,624 11/28/2008
40-22 158th St, Flushing 3,118 03/25/2016 $1,200,000
40-16 158th St, Flushing 1,896 12/15/2023 $1,230,000
40-19 158th St, Flushing 2,160 07/11/1977
40-25 158th St, Flushing 2,310 02/27/2026 $1,130,000
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