132-38 41st Ave Flushing, NY 11355
Flushing-Willets Point NeighborhoodEstimated payment $30,873/month
Highlights
- Granite Flooring
- Hot Water Heating System
- Private Driveway
- P.S. 20 John Bowne Elementary Rated A-
About This Home
Commerical and residential Building for sale in the heart of Flushing, New York, minutes to main street, as well to the subway, and minutes to the supermarket. The building accommodates 6 families, 6 one-bedroom apartment, and two doctor's clinics. The lower-level and first floor are both doctor's clinics, totaling 3,600 square feet. The lower-level rents for $6,700 per month, and the first-floor rents for $12,000. Monthly rent for the second floor is $6,000. Monthly rent third floor is $3,600 and monthly rent for fourth floor is $3,600. There are two one-bedroom and one living room units on each floor, for total of 6 one bedroom and one living room units (it can be raised by 2 and a half floors). There is an Elevator in the lower level to the second floor: Annual rent for the entire building: $383,000. The landlord only provides water, electricity and gas, which the tenants pay for. The average water bill is $1,200 per quarter. Insurance for the entire building is $3,600/year. Property tax is $53,000 per year. We Show Virtual Staging
Property Details
Property Type
- Other
Est. Annual Taxes
- $53,000
Lot Details
- 2,100 Sq Ft Lot
- Lot Dimensions are 100 x 21
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 6,946 Sq Ft Home
- 2-Story Property
- Finished Basement
Flooring
- Wood
- Granite
- Tile
Parking
- 1 Parking Space
- Private Driveway
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
Listing and Financial Details
- Tax Block 5039
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $3,600
- Gross Income $38,300
- Net Operating Income $321,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $65,956 | $568,927 | $105,106 | $463,821 |
| 2024 | $65,956 | $527,562 | $106,237 | $421,325 |
| 2023 | $65,956 | $527,562 | $111,958 | $415,604 |
| 2022 | $60,732 | $567,000 | $118,800 | $448,200 |
| 2021 | $56,910 | $531,900 | $118,800 | $413,100 |
| 2020 | $44,306 | $581,400 | $118,800 | $462,600 |
| 2019 | $32,820 | $528,750 | $118,800 | $409,950 |
| 2018 | $24,353 | $397,740 | $93,921 | $303,819 |
| 2017 | $14,699 | $373,755 | $93,883 | $279,872 |
| 2016 | $6,353 | $373,755 | $93,883 | $279,872 |
| 2015 | $2,586 | $318,984 | $96,906 | $222,078 |
| 2014 | $2,586 | $289,800 | $118,800 | $171,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | Price Changed | $4,990,000 | +1.8% | $718 / Sq Ft |
| 04/06/2026 04/06/26 | Price Changed | $4,900,000 | -16.7% | $705 / Sq Ft |
| 09/18/2025 09/18/25 | For Sale | $5,880,000 | -- | $847 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 495932
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Ask me questions while you tour the home.