MLS#1040186
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 25
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.
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
Days on Site: 1
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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Estimated Payment
$ 4,831.58 per month $3,260.45 Principal & Interest $1,143.83 Property Tax $427.29 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Grand Brilliant Realty NY Inc
Agency Contact: 718-308-6080
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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 www.laffey.com today.