Professional building · Flushing, Queens

131-72 40th Road

Flushing, NY 11354

131-72 40th Road is a 6-floor professional building in Flushing, Queens, built in 2019, with about 60,000 square feet of office space according to city records.

Office space
60K SF
Floors
6
Year built
2019
Zoning
C4-2

Office space next to its nearest neighbors

  1. 40-22 College Point Boulevard3 min walk92K SF
  2. 37-12 Prince Street5 min walk85K SF
  3. 131-72 40th RoadThis building60K SF
  4. 39-07 Prince Street5 min walk39K SF

The 6th largest of the 13 office buildings we track in Flushing. Compare it with 6 neighbors

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Compared with its neighbors

How 131-72 40th Road compares

Next to the 6 nearest large office buildings, all within a 7 minute walk, 131-72 40th Road ranks 3rd of 7 by office floor area. Built in 2019, it is the newest of them. Its property tax is fully exempt on the city's assessment roll.

131-72 40th Road and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
131-72 40th RoadThis building60K SF62019Exempt
40-22 College Point Boulevard3 min walk92K SF32006$2.46
39-07 Prince Street5 min walk39K SF62001$10.22
37-12 Prince Street5 min walk85K SF142016$10.10
41-60 Main Street6 min walk51K SF31977$12.94
135-27 38th Avenue6 min walk38K SF31949$12.28
39-01 Main Street7 min walk54K SF61931$18.34
The 6th largest of the 13 office buildings we track in Flushing: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

ZIP code
11354
Building type
Professional building (city class O7)
Total floor area
90,902 SF
Commercial floor area
90,902 SF
Office
59,502 SF
Height
6 floors
Average floor
About 15,200 SF (floor area divided by floors)
Year built
2019
Lot area
12,300 SF
Zoning district
C4-2
Built FAR
7.39
Max commercial FAR
3.4
Tax lot (BBL)
4050600037

Nearest subway

  • Flushing-Main St6 min walk · Accessible station
  • Mets-Willets Point12 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists HEALTHVIEW CBWCHC INC. as the owner of record. For tax year 2026/27 the city values 131-72 40th Road at $17.7 million and assesses it at $7.98 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.

Owner of record
HEALTHVIEW CBWCHC INC.
Tax class
Class 4 (commercial and industrial)
City market value
$17,737,000
Land market value
$1,230,000
Assessed value
$7,981,650
Exemptions
$7,981,650
Estimated yearly tax
Fully exempt on the roll

City market value by tax year

  • 2022/23$15 million
  • 2023/24$15.8 million
  • 2024/25$17.3 million
  • 2025/26$17.7 million
  • 2026/27$17.7 million

Market value rose 18% from 2022/23 ($15 million) to 2026/27.

How Flushing compares: property tax per SF across NYC neighborhoodsHow NYC commercial property tax works, and why some towers show $0

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.

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NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 131-72 40th Road.

New jobs, last 12 months
3
Initial permits, last 12 months
3
Newest job first permitted
June 2026
Interior build-outs, last 24 months
0

New jobs by year

  • 20212
  • 20221
  • 20230
  • 20242
  • 20250
  • 2026 to date3

Build-outs across FlushingWhere NYC offices are being built out

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

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Questions about 131-72 40th Road

How big is 131-72 40th Road?

131-72 40th Road has about 91,000 square feet of floor area in total, including 60,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 131-72 40th Road built?

City records list 2019 as the year built. The building is 6 floors tall.

What is the ZIP code of 131-72 40th Road?

131-72 40th Road is in ZIP code 11354, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 131-72 40th Road, Flushing, NY 11354.

What is the zoning at 131-72 40th Road?

The lot is in the C4-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 7.39 and a maximum commercial FAR of 3.4 for this lot.

What subway station is closest to 131-72 40th Road?

The closest subway station to 131-72 40th Road is Flushing-Main St (the 7 train), about 0.3 miles away in a straight line, roughly 6 minutes on foot. The MTA lists it as an accessible station. Also nearby: Mets-Willets Point (the 7 train), 12 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 131-72 40th Road?

The NYC Department of Finance's 2026/27 assessment roll lists HEALTHVIEW CBWCHC INC. as the owner of record of 131-72 40th Road (BBL 4050600037). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Is there construction at 131-72 40th Road?

In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 131-72 40th Road. These are the Department of Buildings' DOB NOW work permits for tax lot 4050600037. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 131-72 40th Road?

The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 131-72 40th Road, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 4050600037 show what is actually billed.

What is the assessed value of 131-72 40th Road?

For tax year 2026/27, the NYC Department of Finance puts the market value of 131-72 40th Road at $17.7 million ($1.23 million of it land) and its assessed value at $7.98 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($15 million) to 2026/27.

Is there office space for lease at 131-72 40th Road?

No space at 131-72 40th Road is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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Flushing

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