47-49 162nd ST, Flushing, NY 11358
47-49 162nd ST, Flushing, NY 11358
47-49 162nd ST, Flushing, NY 11358
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Randy Reis

Randy Reis

+1(917) 435-4870
$1,990,000
Est. payment /mo
5,998 Sqft Lot
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UPDATED:

Key Details

Property Type Mixed Use, Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 991380

Rental Info No

Year Built 1931

Annual Tax Amount $16,000

Lot Size 5,998 Sqft

Acres 0.1377

Property Sub-Type Mixed Use

Source onekey2

Property Description

Investment + End-User Opportunity in Prime East Flushing! This rare two-story brick property sits on a quiet corner lot along Oaks Ave, directly across from Kissena Park. Fully renovated and offering approximately 3,100 sq ft of interior space plus a 1,400 sqft full basement, it combines strong rental income with long-term upside. The ground floor features a well-established daycare center that has been successfully operating for over 10 years, generating a steady $6,000/month income, with a full enrollment and a waiting list. The lease is about to renew with a decent increase is expected. The upper level provides 3 bed 2 bath residential with dedicated kitchen and dining area, ideal for personal use or additional rental income. Upgrades include brand new boilers, separate gas and electric meters, and recently renovated kitchens and bathrooms. The property also benefits from reduced property taxes. Located in the heart of East Flushing, the property is surrounded by convenient transportation, multiple bus lines, and vibrant local shops. Additional features include a detached garage, 4 parking spaces, and easy street parking. A rare opportunity offering stable cash flow, prime location, and turnkey condition.

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Electric

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Total Parking Spaces 6

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Lin Pan Realty Group LLC • Xing Zheng

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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