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$1,465,000

140 42 31 Dr

Flushing, NY
Pending
7
Bedrooms
4
Bathrooms
1,848
Square Feet
2002
Year Built
61
Days On Market

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.

Listing Information

Listing Updated
29 days ago
Listed By
Shan Yi Yip · Grand Brilliant Realty NY Inc, 7183086080
MLS#
1040186
Source
OneKey MLS
Status
Pending

Facts & Features

Location

Community Information

Address
140 42 31 Dr, Flushing, NY 11354
City
Flushing
County
Queens
Zip Code
11354

Architecture

Bedrooms
7
Bathrooms
4
Year Built
2002
Construction Materials
Brick
Building Area
1,848 sq. ft.
Garage Spaces
0
Parking Features
On Street

Features & Amenities

Interior Features
Natural Woodwork
Flooring
Hardwood
Cooling
Wall/Window Unit(s)
Heating
Natural Gas

Property Features

Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Water Available, Natural Gas Available, Cable Connected, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Square Footage

Total
1,848 sq. ft.

Tax & Financial Information

List Price
$1,465,000
Annual Taxes
$13,726

Schools

75/100
Ps 214 Cadwallader Colden
Elementary · Grades PK–05 · 0.1 mi
Assigned school for this home
City
Flushing
Students
412
Parent reviews
5.0★ avg · 4 reviews
Student body
61% Asian · 28% Hispanic / Latino · 7% Black
Free/reduced lunch
76%
Phone
(718) 461-4055
51/100
Flushing High School
High · Grades 09–12 · 0.3 mi
Assigned school for this home
City
Flushing
Students
1,414
Student body
62% Hispanic / Latino · 17% Asian · 14% Black
Free/reduced lunch
88%
Phone
(718) 888-7500
76/100
Queens Academy High School
High · Grades 09–12 · 0.3 mi
City
Flushing
Students
313
Parent reviews
5.0★ avg · 2 reviews
Student body
60% Hispanic / Latino · 14% Black · 13% Asian
Free/reduced lunch
75%
Phone
(718) 463-3111
76/100
Ps 21 Edward Hart
Elementary · Grades PK–05 · 0.5 mi
City
Flushing
Students
1,086
Parent reviews
5.0★ avg · 2 reviews
Student body
57% Asian · 35% Hispanic / Latino · 5% White
Free/reduced lunch
80%
Phone
(718) 445-8833
74/100
Ps 242 Leonard P Stavisky Early Childhood School
Elementary · Grades PK–03 · 0.3 mi
City
Flushing
Students
308
Parent reviews
5.0★ avg · 4 reviews
Student body
76% Asian · 13% Hispanic / Latino · 4% Black
Free/reduced lunch
72%
Phone
(718) 445-2902
67/100
Junior High School 185 Edward Bleeker
Middle · Grades 06–08 · 0.6 mi
City
Flushing
Students
1,395
Parent reviews
4.0★ avg · 8 reviews
Student body
60% Asian · 28% Hispanic / Latino · 9% White
Free/reduced lunch
77%
Phone
(718) 445-3232
54/100
Veritas Academy
High · Grades 09–12 · 0.3 mi
City
Flushing
Students
538
Student body
52% Hispanic / Latino · 18% Asian · 13% Black
Free/reduced lunch
77%
Phone
(718) 888-7530
51/100
Queens High School For Language Studies
High · Grades 09–12 · 0.3 mi
City
Flushing
Students
441
Student body
70% Asian · 25% Hispanic / Latino · 3% Black
Free/reduced lunch
83%
Phone
(718) 888-7530

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
08/18/2026Listed for sale$1,465,000

Listed by Shan Yi Yip · Grand Brilliant Realty NY Inc · 7183086080

Listing information provided exclusively 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 deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, OneKey MLS. All rights reserved.

Last Updated: September 19, 2026 at 7:53 AM | Source: OneKey MLS | MLS#: 1040186

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