Jeffrey Farnell - Smitchger Realty Logo
$1,465,000
 $7,864 est/mo Sourced by Back At You

140-42 31 Drive,Flushing, NY 11354

Flushing, NY 11354

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Description

Beautifully renovated 3-family home conveniently located in Flushing. Completely gut-renovated in 2020. All three units are currently leased to excellent long-term tenants with a perfect payment history. Current gross rental income: $69,000/year. Property taxes are low at just $13,726.45/year. Building size: 1,848 SF. Full basement offers excellent storage or potential for additional finished space (buyer to verify legal use). A great opportunity for investors seeking immediate cash flow with future income potential.

Details

MLS #1040186
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2002
Days On Site10
Listing Provided ByGrand Brilliant Realty NY Inc | Shan Yi Yip

Features

Bed(s)7
Bath(s) 4 Total
SQ Feet1,848
BasementY
Units3

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas
Interior FeaturesMarble Counters, Natural Woodwork, Open Kitchen

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo
Parking FeaturesOn Street

Utilities

UtilitiesCable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Available, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Annual Amount13726
Tax Lot46

Area Information

StateNY
CountyQueens
CityFlushing
Zip Code11354
School DistrictFlushing High School
Elementary SchoolPs 214 Cadwallader Colden
High SchoolFlushing High School
Listing VS Median (in 11354)
Price:
$1,465,000
low | high
Med:
$697,000
100% of Average
sqft:
1,848
low | high
Med:
757
100% of Average
$ / sqft:
$793
low | high
Med:
$921
33.777915645407% of Average
On site:
10
low | high
Med:
146.5
6.825938566553% of Average
Sourced by Back At You

Market Activity 11354

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyQueens
CityFlushing
Zip Code11354
School DistrictFlushing High School
Elementary SchoolPs 214 Cadwallader Colden
High SchoolFlushing High School
Listing VS Median (in 11354)
Price:
$1,465,000
low | high
Med:
$697,000
100% of Average
sqft:
1,848
low | high
Med:
757
100% of Average
$ / sqft:
$793
low | high
Med:
$921
33.777915645407% of Average
On site:
10
low | high
Med:
146.5
6.825938566553% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.98M - $1.831M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
3132 Union Street 2C Property Photo 1
$750,000
3132 Union Street 2c
Flushing, NY 11354
Listing Updated: August 22, 2026 at 2:48:30 PM PDT

Jeffrey Farnell - Smitchger Realty