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140-42 31 Drive, Flushing, NY 11354

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New - 19 Hours Ago
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$1,465,000 Active
7 Beds 4 Baths 0 Partial Bath
Year Built 2002 School Queens 25 MLS #1040186
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Property 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.

140-42 31 Drive | MLS# 1040186

This multi-family property located at 140-42 31 Drive, Flushing, NY 11354 is currently listed for sale with an asking price of $1,465,000. 140-42 31 Drive is located within the Queens 25 school district. Search Flushing real estate on bill-lavery.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, Storage Space
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Taxes: $13,726
Year Built: 2002

Amenities

Marble Counters
Natural Woodwork
Open Kitchen

Feature Descriptions

Building Area Total: 1848
Exterior: Brick
Flooring: Hardwood
Heating Units: 4
Heating Zones: 3
House Faces: North
On Market Date: 2026-08-18
Parcel Number: 4-4414-46
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 4
Sewer: Public Sewer
Units: 3
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public

Local Schools

High School: Flushing High School
Middle School: Jhs 185 Edward Bleeker
Elementary School: Ps 214 Cadwallader Colden
School District: Queens 25
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140-42 31 Drive, Flushing, NY 11354

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Estimated Payment

$ 4,831.58 per month $3,260.45 Principal & Interest $1,143.83 Property Tax $427.29 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: Grand Brilliant Realty NY Inc
Agency Contact: 718-308-6080

Shown By

Agent Name: William Lavery
Agent Phone: (518) 222-6368 Cell
Agency Title: Coldwell Banker Prime Properties

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William Lavery
Licensed Associate Real Estate Broker
Licensed Associate Real Estate Broker
178 Glen St. Glens Falls | NY 12801
(518) 222-6368 Cell | bill.lavery@cbpp.com
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/19/2026. The listing information on this page last changed on 08/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 08/19/2026 12:01:32 AM EST) or Global MLS (last updated Tue 08/18/2026 11:52:24 PM EST) or New York State Alliance MLS (last updated Tue 08/18/2026 11:59:03 PM EST) or Hudson Valley Catskill Region MLS (last updated Tue 08/18/2026 11:51:15 PM EST) or Berkshire MLS (last updated Tue 08/18/2026 8:13:10 PM EST) or OneKey MLS (last updated Tue 08/18/2026 11:53:21 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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