42-16 162nd St Flushing, NY 11358
East Flushing NeighborhoodEstimated payment $19,913/month
Highlights
- Modern Architecture
- Central Air
- Baseboard Heating
- Granite Countertops
About This Home
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.
Listing Agent
1 Home Realty Brokerage Phone: 718-888-0188 License #10301214666 Listed on: 08/10/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $48,333
Year Built
- Built in 2011
Lot Details
- 2,550 Sq Ft Lot
Home Design
- Triplex
- Modern Architecture
- Aluminum Siding
Interior Spaces
- Elevator
- Granite Countertops
- Finished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Parking Space
- Driveway
Schools
- Ps 22 Thomas Jefferson Elementary School
- JHS 189 Daniel Carter Beard Middle School
- Flushing High School
Utilities
- Central Air
- Ductless Heating Or Cooling System
- Baseboard Heating
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 0124 / 05392
- Assessor Parcel Number 05392-0124
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $42,233 | $502,714 | $90,000 | $412,714 |
| 2025 | $40,000 | $489,890 | $90,000 | $399,890 |
| 2024 | $37,177 | $491,970 | $90,000 | $401,970 |
| 2023 | $34,608 | $469,650 | $90,000 | $379,650 |
| 2022 | $21,169 | $551,700 | $90,000 | $461,700 |
| 2021 | $37,344 | $499,050 | $90,000 | $409,050 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/10/2026 08/10/26 | For Sale | $2,890,000 | -- | $475 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,875,055 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | Commercial |
Source: OneKey® MLS
MLS Number: 1037141
APN: 05392-0124
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.