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

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

Also known as: 40-21 159th St

Property image for 40-21 159th Street, Flushing, NY 11358
static Mapbox map

Property type

Office with Commercial - 1 to 6 Stories (O5)

Year built

2009

Lot sq. ft.

2,000

Sale price

$3,590,000

General information

Unlock this property report with a free account

Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

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

Owner

Find out who owns 40-21 159th Street, Flushing, NY 11358. Uncover corporate and individual owners with a free account.

Building
Property type
Office with Commercial - 1 to 6 Stories (O5)
Building sq. ft.
3,966
Building dimensions
20 ft x 96 ft
Buildings on lot
1
Stories
3
Year built
2009
Building material
Sales
Sale date
03/03/2025
Sale price
$3,590,000
Tax
Tax year
2026-2027
Property tax
$36,712
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
71 /100.  Excellent Transit
Bike score
65 /100.  Bikeable
School district
25
Community district
7
Closest police station
1.05 Miles
Closest fire station
0.33 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 40-21 159th Street, Flushing, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 40-21 159th Street, Flushing, NY 11358

Sale date Sale price Buyer name Seller name
03/03/2025 $3,590,000 XXXXX XXX XXXX XXXXX XXX
04/10/2017 $2,700,000 XXXX XXXXX XXX XXXXXX XXXXXXXXXXX, XXX
09/26/2013 $2,510,000 XXXXXX XXXXXXXXXXX XXX XXXX XXX XXXX XXXXX, XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

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

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 40-21 159th Street, Flushing, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$36,712
Municipal exemptions
Recent tax assessments
Market value
$898,000
Assessed value
$404,100

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y 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%
2020/21 $1,298,000 $584,100 $502,110 10.694% $53,696 $53,696 +14.41%
2019/20 $1,221,000 $549,450 $445,410 10.537% $46,933 $46,933 +13.91%
2018/19 $1,175,000 $528,750 $391,860 10.514% $41,200 $41,200 +15.92%
2017/18 $1,172,000 $527,400 $338,040 10.514% $35,542 $35,542 +15.73%
2016/17 $713,000 $320,850 $290,430 10.574% $30,710 $30,710 -1.92%
Permits

Permit information for 40-21 159th Street, Flushing, NY

Filing date Job type Job status Job description Initial cost
06/10/2026 Alteration CO
04/10/2026 Alteration CO
01/23/2026 Alteration
01/23/2026 Alteration
10/07/2025 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
07/09/2021 E-elevator elevatorrequired
12/21/2020 E-elevator elevatorrequired
09/06/2019 Acc1-(other BLDGS types) - elevator affirmation of correction elevatorrequired

*Most recent DOB violations on record for this property.

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Main St & Roosevelt Ave at SE Corner
Station lines
7
Distance (miles)
1.176
View subway map

Access the detailed traffic volume map for 40-21 159th Street, Flushing, NY 11358 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 40-21 159th Street, Flushing, NY

35-04 160th St, Flushing 40-31 158th St, Flushing 40-26 158th St, Flushing 35-21 159th St, Flushing 35-03 159th St, Flushing 40-20 159th St, Flushing 35-12 160th St, Flushing 40-36 158th St, Flushing 40-15 159th St, Flushing 35-25 159th St, Flushing 35-15 159th St, Flushing 35-33 159th St, Flushing 35-20 160th St, Flushing 40-29 158th St, Flushing 40-32 158th St, Flushing 35-26 160th St, Flushing 40-22 158th St, Flushing 40-16 158th St, Flushing 40-19 158th St, Flushing 40-25 158th St, Flushing

Nearby ZIP codes for 40-21 159th Street, Flushing, NY

11354, New York City, NY 11355, New York City, NY 11356, New York City, NY 11357, New York City, NY 11359, New York City, NY 11360, New York City, NY 11361, New York City, NY 11362, New York City, NY 11363, New York City, NY 11364, New York City, NY 11365, New York City, NY 11366, New York City, NY 11367, New York City, NY 11368, New York City, NY 11423, New York City, NY 11424, New York City, NY 11427, New York City, NY 11432, New York City, NY

Frequently asked questions

What is the year built for 40-21 159th Street, Flushing, NY 11358?

The development at 40-21 159th Street, Flushing, NY 11358 was built in 2009.

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

The current market value of 40-21 159th Street, Flushing, NY 11358 is $898,000.

What is the total square footage of 40-21 159th Street, Flushing, NY 11358?

40-21 159th Street, Flushing, NY 11358 has a total of 3,966 square feet.

What is the price per square foot for this property?

$905 per square foot is the price for 40-21 159th Street, Flushing, NY 11358.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 6.

Disclaimer

Copyright 2003-2026 by PropertyShark.com

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

Sign up for a free account