Aideen Duignan
Licensed Salesperson
REALTOR®
BEDS3
BATHS2 full
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.
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
Estimate Your Payment
Estimated Payment
$ 19,484.08 per month $14,613.41 Principal & Interest $4,027.75 Property Tax $842.92 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: 1 Home Realty
Agency Contact: 718-888-0188
Shown By
Agent Name: Aideen Duignan
Agent Phone: (516) 244-9985
Agency Title: Coldwell Banker American Homes
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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 aduignan.cbamhomes.com today.