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33794703

131-50 40TH RD FLUSHING NY 11354, FLUSHING, NY 11354

SD
NY 10491212764
Capri Industrial Partners
JB
NY 10491212764
Capri Industrial Partners
Listed by Capri Industrial Partners
$5,700,000
15 days on market
Updated 15 days ago
Opportunity zone

131-50 40 Road – Flushing Mixed-Use Development Site

Details
Property Type Multifamily, Mixed Use (+1)
Sub Type Residential, Commercial
Units 18
Lot Size (SqFt) 3,500
Zoning C4-2
Ground Lease No

Rare 3,500 SF C4-2 development site in Downtown Flushing — 16,800 BSF, steps to the 7 train

Marketing description

Exclusive offering of a boutique mixed-use development opportunity in the heart of Downtown Flushing, Queens. The 3,500 SF lot (50' x 70', C4-2 zoning) allows for approximately 16,800 buildable square feet under the 4.8 Community Facility FAR — ideally suited for a ground-floor medical office with residential units above.

The proposed program contemplates a 3,150 SF ground-floor medical office suitable for a specialty practice, outpatient clinic, or wellness provider, with 13,650 SF of residential space across the floors above, accommodating an estimated 15–18 units. The efficient 50-foot-wide floor plate supports flexible one- and two-bedroom layouts, with potential for private balconies, a rooftop amenity terrace, and elevator service.

Positioned just minutes from the Main Street retail corridor, the 7 Train, LIRR, and numerous medical providers, the site offers a rare opportunity to capitalize on both residential and medical office demand in one of NYC's strongest and fastest-growing submarkets. Opportunities to acquire development sites of this size in Downtown Flushing are increasingly limited.

All zoning, floor area, unit counts, and development scenarios are preliminary and subject to independent verification by purchaser's architect, engineer, and legal counsel.

Please contact me with any further questions: Steve Davis, 646-261-0143, [email protected]

Investment highlights

16,800 SF total buildable area under 4.8 Community Facility FAR

Proposed 3,150 SF ground-floor medical office + 13,650 SF residential above

Potential for 15–18 residential units

C4-2 zoning permits residential, medical office (community facility), and retail uses

Walking distance to Main Street retail corridor, 7 Train, and LIRR

Surrounded by strong medical and residential demand in one of Queens' fastest-growing submarkets

Rare opportunity to acquire a development site of this scale in a supply-constrained market

Please contact me with any further questions: Steve Davis, 646-261-0143, [email protected]

Listing Contacts

SD
NY 10491212764
Capri Industrial Partners
JB
NY 10491212764
Capri Industrial Partners
Listed by Capri Industrial Partners

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Zoning

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C4-2 CommercialGeneral CommercialGeneral Commercial
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Stephen Davis
License
10491212764
Brokerage
Capri Industrial Partners
Brokerage Phone
7185068890
Title
Broker
Brokerage Address
1122 Franklin Avenue
Name
Joseph Barretta
License
10491212764
Brokerage
Capri Industrial Partners
Brokerage Phone
7182087011
Title
Broker
Brokerage Address
136 Shoreview Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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