4006 Main St 6,864 SF 100% Leased Retail Building Flushing, NY 11354 $17,500,000 ($2,549.53/SF) 4.79% Cap Rate

In 2024, Flushing led Queens in retail transaction volume, reaching nearly $400 million across just 10 deals, with an average retail price of $1,396 per square foot—the highest in the borough.
Notable nearby deals include the sale of 41-79 Main Street for $27 million (~24,600?ft² at $1,098/SF) and 39-09 Main Street for $27 million ($1,584/SF), underscoring investor confidence in high-traffic retail assets.
n Q1 2025, Queens commercial real estate recorded a 9.6% increase in sales volume year-over-year, rising to $860 million. Transactions rose 7.2%, and the median price per square foot climbed to $432—a 6.1% increase from the previous year.
Situated in the C4-3 zoning district—designed for dense, regional commercial use—this property benefits from a zoning environment oriented toward high traffic retail, office, and mixed-use potential.
Flushing is a transit hub: the Flushing–Main Street subway station is the busiest outside Manhattan, and there's also LIRR access. This ensures consistent foot traffic and strong long-term tenant appeal.
Adjacent to bustling Flushing Chinatown, one of the largest and fastest-growing Chinatowns worldwide, the area draws heavy pedestrian traffic and sustained retail demand.