JLL Capital Markets represents Madison Realty Capital in sale of 41-60 Main St., Flushing
NEW YORK, Nov. 20, 2025 – JLL Capital Markets announced today that it has arranged the $64.25 million sale of 41-60 Main St., a prominent three-story, 104,292-square-foot office and retail building located in downtown Flushing, Queens, New York.
JLL represented the seller, Madison Realty Capital, in the sale to United Construction and Development Group.
Located on the southwest corner of Main Street and Sanford Avenue, the property is fully occupied by a roster of leading tenants, including Capital One Bank, MassMutual Insurance and Preferred Bank.
The property benefits from exceptional corner visibility, steady foot traffic and direct proximity to the Flushing- Main Street subway and Long Island Rail Road stations. Surrounded by a diverse mix of retail, dining and cultural destinations, the property offers strong long-term fundamentals and continued growth potential within one of New York City’s most dynamic submarkets.
JLL’s Capital Markets team arranged the transaction, led by Ethan Stanton, Michael Mazzara, Drew Isaacson and Brendan Maddigan.
Flushing’s mix of cultural vibrancy, transit accessibility and urban density has made it one of the city’s most resilient commercial corridors, continuing to attract both local and international investors. The area has seen a significant private and institutional investment over the past decade, transforming it into a center of retail, hospitality and mixed-use development. The submarket’s ongoing revitalization, anchored by projects such as Tangram, One Fulton Square and Flushing Commons, continues to elevate its position as a commercial and cultural hub.
JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.