42-16 162nd Street, Flushing, NY 11358

$2,890,000
  • 42-16 162nd Street, Flushing, NY 11358 Main Photo

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New to the Market
MLS#1037141
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLQueens 25

Property Description

RARE FLUSHING MIXED-USE ELEVATOR BUILDING - PRIME LOCATION NEAR NORTHERN BLVDRare 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' 69' building dimensions. Built in 2011 and completed in 2013.The property features multiple income-producing commercial and residential spaces, providing approximately $199,920 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' 69' building dimensions Built 2011 / Completed 2013 Strong mix of commercial and residential tenants Excellent investment and owner-user opportunityFour separate income streams in one property, with approximately $199,920 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.

42-16 162nd Street | MLS# 1037141

This multi-family property located at 42-16 162nd Street, Flushing, NY 11358 is currently listed for sale with an asking price of $2,890,000. 42-16 162nd Street is located within the Queens 25 school district. Search Flushing real estate on www.laffey.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Central Air, Ductless
Heating: Baseboard
Home Style: Modern
Lot Size: 0.06 Acres
Taxes: $48,333
Year Built: 2011

Amenities

Elevator
Granite Counters
Open Kitchen

Feature Descriptions

Building Area Total: 6087
Elevator: Y
Exterior: Aluminum Siding
Heating Units: 4
Heating Zones: 4
On Market Date: 2026-08-10
Parcel Number: 05392-0124
Parking Features: Driveway
Parking Total: 1
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 5
Separate Gas Meters: 4
Sewer: Public Sewer
Units: 4
Utilities: Electricity Connected, Natural Gas Connected
Water: Public

Local Schools

High School: Flushing High School
Middle School: Jhs 189 Daniel Carter Beard
Elementary School: Ps 22 Thomas Jefferson
School District: Queens 25

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Estimated Payment

$ 11,302.55 per month $6,431.89 Principal & Interest $4,027.75 Property Tax $842.92 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: 1 Home Realty
Agency Contact: 718-888-0188

Shown By

Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/11/2026. The listing information on this page last changed on 08/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 08/11/2026 12:02:02 AM EST) or OneKey MLS (last updated Tue 08/11/2026 12:00:24 AM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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