Queens  »  11354  »  40th Rd  »  13107 40th Rd

131-07 40th Road #B, Flushing, NY 11354 - Property report

Also known as: 131-07 40th Rd #B

Property image for 131-07 40th Road #B, Flushing, NY 11354
static Mapbox map

Property type

Retail Space (RK)

Year built

2006

Lot sq. ft.

581,295

Sale price

$297,797,456

General information

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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
131-07 40th Road #B
Alternate address(es)
40-22 College Point Blvd #B
ZIP code
11354
Neighborhood
Downtown Flushing
Borough
Queens
Block & lot
05066-1201

Owner

Find out who owns 131-07 40th Road #B, Flushing, NY 11354. Uncover corporate and individual owners with a free account.

Building
Property type
Retail Space (RK)
Unit sq. ft.
303,039
Buildings on lot
2
Stories
3
Year built
2006
Building material
Sales
Sale date
01/09/2026
Sale price
$297,797,456 - M
Tax
Tax year
2026-2027
Property tax
$1,229,769
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 sq. ft.
581,295

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
58 /100.  Bikeable
School district
25
Community district
7

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

Ownership

Ownership information for 131-07 40th Road #B, Flushing, NY

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

Sales history for 131-07 40th Road #B, Flushing, NY 11354

Sale date Sale price Buyer name Seller name
01/09/2026 $297,797,456 XXXXXX XXXXXXXXXXX, XXX XXX XXXXXXX XXXXXX XXXXX XXX
07/31/2015 $292,357,933 XXX XXXXXXX XXXXXX XXXXX XXX XXX XXXX XXXXXX XXXXX X X.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/23/2026 - R UCC3 Termination
(2026011600307001)		 XXX XXXXXXX XXXXXXX XXXXX XXX XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX
01/13/2026 - R Initial UCC1
(2026010900967010)		 XXXXXX XXXXXXXXXXX XXX XXXXXX XXXX XXX
01/13/2026 - R UCC3 Termination
(2026010900967009)		 XXX XXXXXXX XXXXXXX XXXXX XXX XXXXXX XXXXXXX XXXX X X
01/13/2026 - R
01/09/2026 - D		 Assignment of Leases and Rents
(2026010900967008)		 XXXXXX XXXXXXXXXX XXX XXXXXX XXXX XXX
01/13/2026 - R
01/09/2026 - D		 Agreement
(2026010900967007)		 XXXXXX XXXXXXXXXX XXX XXXXXX XXXX XXX
01/13/2026 - R
01/09/2026 - D		 Mortgage
(2026010900967006)		 XXXXXX XXXXXXXXXX XXX XXXXXX XXXX XXX
01/13/2026 - R
01/09/2026 - D		 Assignment, Mortgage
(2026010900967005)		 XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXXXXX XXXX XXX
01/13/2026 - R
01/09/2026 - D		 Deed
(2026010900967001)		 XXX XXXXXXX XXXXXX XXXXX XXX XXXXXX XXXXXXXXXXX XXX
12/22/2025 - R UCC3 Continuation
(2025121900116001)		 XXX XXXXXXX XXXXXXX XXXXX XXX XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXXXXX XX
01/13/2026 - R
02/27/2025 - D		 Power of Attorney
(2026010900967004)		 XXXXXXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 131-07 40th Road #B, 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
$1,229,769
Municipal exemptions
Recent tax assessments
Market value
$59,248,027
Assessed value
$26,661,612

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 $55,125,890 $24,806,651 $11,336,362 10.848% $2,642,947 $1,229,769 +0.80%
2024/25 $57,265,066 $25,769,280 $11,336,362 10.762% $2,712,037 $1,220,019 +1.60%
2023/24 $55,696,337 $25,063,352 $11,336,362 10.592% $2,654,710 $1,200,747 +4.07%
2022/23 $54,714,622 $24,621,580 $10,838,112 10.646% $2,621,213 $1,153,825 +3.76%
2021/22 $47,903,049 $21,556,372 $10,339,863 10.755% $2,318,388 $1,112,052 +20.32%
2020/21 $64,422,310 $28,990,040 $8,642,856 10.694% $2,933,905 $924,267 +26.29%
2019/20 $62,840,417 $28,278,188 $6,945,847 10.537% $2,738,652 $731,884 +32.62%
2018/19 $60,593,296 $27,266,983 $5,248,842 10.514% $2,581,144 $551,863 +29.60%
2017/18 $60,477,452 $27,214,853 $4,050,086 10.514% $2,450,879 $425,826 +41.24%
2016/17 $56,500,559 $25,425,252 $2,851,330 10.574% $2,487,089 $301,500 -0.77%
Permits

Permit information for 131-07 40th Road #B, Flushing, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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

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FEMA flood zones

Property location map
FEMA flood zones
-

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Neighbors for 131-07 40th Road #B, Flushing, NY

166-45 17th Ave, Whitestone 16-50 Utopia Pkwy, Whitestone 153-30 110th Ave, Jamaica 64-73 185th St, Fresh Meadows 166-49 17th Ave, Whitestone 218-20 Hempstead Ave, Queens Village 241-05 Rushmore Ave, Little Neck 104-50 38th Ave, Corona 137-26 Sloan St, Springfield Gardens

Nearby ZIP codes for 131-07 40th Road #B, Flushing, NY

11355, New York City, NY 11356, New York City, NY 11357, New York City, NY 11358, New York City, NY 11359, New York City, NY 11360, New York City, NY 11361, New York City, NY 11365, New York City, NY 11366, New York City, NY 11367, New York City, NY 11368, New York City, NY 11369, New York City, NY 11371, New York City, NY 11372, New York City, NY 11373, New York City, NY 11374, New York City, NY 11375, New York City, NY 11415, New York City, NY 11424, New York City, NY

Frequently asked questions

What is the year built for 131-07 40th Road #B, Flushing, NY 11354?

The development at 131-07 40th Road #B, Flushing, NY 11354 was built in 2006.

What is the market value of 131-07 40th Road #B, Flushing, NY 11354?

The current market value of 131-07 40th Road #B, Flushing, NY 11354 is $59,248,027.

What is the total square footage of 131-07 40th Road #B, Flushing, NY 11354?

131-07 40th Road #B, Flushing, NY 11354 has a total of 303,039 square feet.

What is the price per square foot for this property?

$982 per square foot is the price for 131-07 40th Road #B, Flushing, NY 11354.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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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.

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