Jeffrey Lease - John J Lease Realtors Logo
$2,890,000
 $15,514 est/mo Sourced by Back At You

42-16 162nd Street,Flushing, NY 11358

Flushing, NY 11358

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Description

RARE FLUSHING MIXED-USE ELEVATOR BUILDING - PRIME LOCATION NEAR NORTHERN BLVD Rare opportunity to own a modern mixed-use elevator building in a prime Flushing location near Northern Boulevard. Approximately 6,087 SF of building space on a 2,550 SF lot, with approximately 25' by 69' building dimensions. Built in 2011 and completed in 2013.The property features multiple income-producing commercial and residential spaces, providing approximately $200,000 in current annual rental income.Property Features: Ground Floor - Spa business - $3,827/month 1st Floor - Golf School/Club - $5,851/month 2nd Floor - Medical Office/Doctor's Clinic - $3,782/month 3rd Floor - Spacious 3-Bedroom, 2-Bathroom Residence with a large private balcony - $3,300/month Elevator building Approx. 6,087 SF building Approx. 2,550 SF lot Approx. 25' by 69' building dimensions Built 2011 / Completed 2013 Strong mix of commercial and residential tenants Excellent investment and owner-user opportunity Four separate income streams in one property, with approximately $200,000 in gross annual rental income. Prime Flushing location with convenient access to Northern Boulevard, shopping, restaurants and transportation. A rare opportunity to acquire a modern, elevator-equipped mixed-use property with strong existing cash flow in Flushing.

Details

MLS #1037141
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2011
Days On Site72
Listing Provided By1 Home Realty | RuoRuo Yang

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet6,087
BasementY
Units4

Interior

CoolingCentral Air, Ductless
HeatingBaseboard
Interior FeaturesElevator, Granite Counters, Open Kitchen

Exterior

Construction MaterialsAluminum Siding

Parking

Garage Yes / NoNo
Parking FeaturesDriveway

Utilities

UtilitiesElectricity Connected, Natural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Assessed Value445550
Tax Annual Amount48333
Tax Lot0124

Area Information

StateNY
CountyQueens
CityFlushing
Zip Code11358
School DistrictFlushing High School
Elementary SchoolPs 22 Thomas Jefferson
High SchoolFlushing High School
Listing VS Median (in 11358)
Price:
$2,890,000
low | high
Med:
$1,153,000
100% of Average
sqft:
6,087
low | high
Med:
1,185
100% of Average
$ / sqft:
$475
low | high
Med:
$990
58.454506310858% of Average
On site:
72
low | high
Med:
105
68.571428571429% of Average
Sourced by Back At You

Market Activity 11358

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Learn More About This Property

Jeffrey Lease

Jeffrey Lease

John J Lease REALTORS

 (845) 542-0345jefflease@johnjleaserealtors.com
StateNY
CountyQueens
CityFlushing
Zip Code11358
School DistrictFlushing High School
Elementary SchoolPs 22 Thomas Jefferson
High SchoolFlushing High School
Listing VS Median (in 11358)
Price:
$2,890,000
low | high
Med:
$1,153,000
100% of Average
sqft:
6,087
low | high
Med:
1,185
100% of Average
$ / sqft:
$475
low | high
Med:
$990
58.454506310858% of Average
On site:
72
low | high
Med:
105
68.571428571429% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.167M - $3.612M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
42-32 162nd Street Property Photo 1
$2,498,800
42-32 162nd Street
Flushing, NY 11358
43-07 162nd Street Property Photo 1
$2,488,000
43-07 162nd Street
Flushing, NY 11358
Listing Updated: September 28, 2026 at 7:53:24 PM PDT

Jeffrey Lease - John J Lease Realtors