Queens  »  11354  »  40th Rd  »  13140 40th Rd

131-40 40th Road, Flushing, NY 11354 - Property report

Also known as: 131-28 40th Rd

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

Property type

Limited Service - Many Affiliated with National Chain (H3)

Year built

2025

Lot sq. ft.

1,200

Sale price

$9,000,000

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
131-40 40th Road
Alternate address(es)
131-28 40th Rd
ZIP code
11354
Neighborhood
Downtown Flushing
Borough
Queens
Block & lot
05060-0053

Owner

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

Building
Property type
Limited Service - Many Affiliated with National Chain (H3)
Building sq. ft.
5,748
Buildings on lot
1
Year built
2025
Sales
Sale date
02/22/2021
Sale price
$9,000,000 - M
Tax
Tax year
2026-2027
Property tax
$11,355
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
15
Residential sq. ft.
Commercial units
17
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
40 Road (narrow)
Nearest wide street
College Point Boulevard
Distance to wide street
Lot dimensions
20 ft x 60 ft
Lot sq. ft.
1,200

Area overview

Walk score
95 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
57 /100.  Bikeable
School district
25
Community district
7
Closest police station
0.58 Miles
Closest fire station
0.51 Miles

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

Ownership

Ownership information for 131-40 40th Road, Flushing, NY

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

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

Sale date Sale price Buyer name Seller name
02/22/2021 $9,000,000 XXXX XXXX XXXXXX XXXXX XXX XXXXX XXXXXX XXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/10/2024 - R Initial UCC1
(2024050700723002)		 XXXX XXXX XXXXXX XXXXX XXX XXXXXX XXXX X X
05/10/2024 - R UCC3 Termination
(2024050700723001)		 XXXX XXXX XXXXXX XXXXX XXX XXXXX XXXXXX XXXXX XXX
05/10/2024 - R
05/03/2024 - D		 Mortgage
(2024050700367005)		 XXXX XXXX XXXXXX XXXXX XXX XXXXXX XXXX X X
05/10/2024 - R
05/03/2024 - D		 Mortgage
(2024050700367004)		 XXXX XXXX XXXXXX XXXXX XXX XXXXXX XXXX X X
05/10/2024 - R
05/03/2024 - D		 Agreement
(2024050700367003)		 XXXX XXXX XXXXXX XXXXX XXX XXXXXX XXXX X X
05/10/2024 - R
05/03/2024 - D		 Termination of Assign of L&R
(2024050700367001)		 XXXX XXXX XXXXXX XXXXX XXX XXXXX XXXXXX XXXXX XXX
05/10/2024 - R
04/30/2024 - D		 Assignment, Mortgage
(2024050700367002)		 XXXXX XXXXXX XXXXX XXX XXXXXX XXXX X X
04/16/2021 - R
04/01/2021 - D		 Zoning Lot Description
(2021040900137002)		 XXXX XXXX XXXXXX XXXXX XXX
04/16/2021 - R
03/29/2021 - D		 Certificate
(2021040900137001)		 XXXXX XXXXXXXXXX XXXXX XXXXXX XXX
03/05/2021 - R Initial UCC1
(2021030300420004)		 XXXX XXXX XXXXXX XXXXX XXX XXXXX XXXXXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 131-40 40th Road, 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
$11,355
Municipal exemptions
Recent tax assessments
Market value
$325,000
Assessed value
$146,250

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 $298,000 $134,100 $85,950 10.848% $9,324 $9,324 +26.83%
2024/25 $229,000 $103,050 $68,310 10.762% $7,352 $7,352 +24.59%
2023/24 $176,000 $79,200 $55,710 10.592% $5,901 $5,901 +19.12%
2022/23 $135,000 $60,750 $46,530 10.646% $4,954 $4,954 +18.73%
2021/22 $117,000 $52,650 $38,790 10.755% $4,172 $4,172 +20.08%
2020/21 $102,000 $45,900 $32,490 10.694% $3,474 $3,474 +20.52%
2019/20 $89,000 $40,050 $27,360 10.537% $2,883 $2,883 +19.01%
2018/19 $74,000 $33,300 $23,040 10.514% $2,422 $2,422 +14.80%
2017/18 $49,000 $22,050 $20,070 10.514% $2,110 $2,110 +0.33%
2016/17 $47,000 $21,150 $19,890 10.574% $2,103 $2,103 +1.06%
Permits

Permit information for 131-40 40th Road, Flushing, NY

Filing date Job type Job status Job description Initial cost
05/12/2026 Alteration
05/12/2026 Alteration
04/08/2026 Alteration
10/31/2025 Alteration
10/27/2025 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Flushing residential market stats

Access a detailed real estate market overview of Flushing so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Flushing and compare it to other neighborhoods in Queens.

Median sale price

—

Median price/sq. ft.

—

Queens median sale price

$595,000

1.7% 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
AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Main St & Roosevelt Ave at SW Corner
Station lines
7
Distance (miles)
0.335
View subway map

Access the detailed traffic volume map for 131-40 40th Road, Flushing, NY 11354 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 20 John Bowne 6 Yes Public PK, K-5 1,033 0.60
P.S. 20 John Bowne 6 Yes Public PK, K-5 1,033 0.60
St Michael's School NR No Private PK, K-8 269 0.45
St Michael's School NR No Private PK, K-8 269 0.45
The Active Learning Elementary School 10 No Public PK, K-3 438 0.47
The Active Learning Elementary School 10 No Public PK, K-3 438 0.47
Flushing/YMCA Early Childhood Development Center NR No Private K 0 0.68
Shield Institute of Flushing NR No Private 0 0.72
St. Leo Elementary School NR No Private PK-8 312 0.77
P.S. 120 7 No Public PK, K-5 699 0.82
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 189 Daniel Carter Beard 5 Yes Public 6-8 617 0.92
St Michael's School NR No Private PK, K-8 269 0.45
Shield Institute of Flushing NR No Private 0 0.72
St. Leo Elementary School NR No Private PK-8 312 0.77
Our Lady Of Sorrows School NR No Private PK-8 265 0.77
Learning Tree Multi-Cultural NR No Private K-8 82 0.77
East West School Of International Studies 7 No Public 6-12 685 0.85
Is 237 6 No Public 6-8 1,182 0.85
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Flushing High School 3 Yes Public 9-12 1,465 0.73
Shield Institute of Flushing NR No Private 0 0.72
Veritas Academy 4 No Public 9-12 630 0.74
Queens Academy High School 3 No Public 9-12 285 0.74
Queens High For Language Studies 6 No Public 9-12 435 0.76
Sister Clara Muhammad School NR No Private 9-12 4 0.77
Lowell Us of Flushing NR No Private 9-12 0 0.81
East West School Of International Studies 7 No Public 6-12 685 0.85
Lowell High School NR No Private 3-12 249 0.87
Flushing International High School 3 No Public 9-12 407 0.92

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 131-40 40th Road, Flushing, NY

41-28 College Point Blvd, Flushing 41-30 College Point Blvd, Flushing 40-70 College Point Blvd, Flushing 131-65 41st Ave, Flushing 131-06 40th Rd, Flushing 44-22 College Point Blvd, Flushing 41-09 150th St, Flushing 41-20 College Point Blvd, Flushing 41-58 College Point Blvd, Flushing 41-20 A College Point Blvd, Flushing 131-59 41st Ave, Flushing 41-34 - 41-36 A College Point Blvd, Flushing 44-32 College Point Blvd, Flushing 131-63 41st Ave, Flushing 41-41 150th St, Flushing 147-45 Barclay Ave, Flushing 131-57 41st Ave, Flushing 147-10 41st Ave, Flushing 41-20 Murray St, Flushing

Nearby ZIP codes for 131-40 40th Road, 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 131-40 40th Road, Flushing, NY 11354?

The development at 131-40 40th Road, Flushing, NY 11354 was built in 2025.

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

The current market value of 131-40 40th Road, Flushing, NY 11354 is $325,000.

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

131-40 40th Road, Flushing, NY 11354 has a total of 5,748 square feet.

What is the price per square foot for this property?

$1,565 per square foot is the price for 131-40 40th Road, Flushing, NY 11354.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 17.

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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