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Address: ‎47-49 162nd Street
Zip Code: 11358
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$1,990,000
MLS # 991380
English
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Lin Pan Realty Group LLC Office: ‍516-693-9888

$1,990,000 - 47-49 162nd Street, Flushing, NY 11358|MLS # 991380

MLS #‎ 991380
Construction Year1931
Taxes
(per year)
$16,000
Fuel TypeGas
BasementFull basement
Bus2 min: Q65
5 min: Q26, Q27
LIRR0.8 miles: "Broadway"
1 miles: "Murray Hill"
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房屋英文概況 English 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.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 Lin Pan Realty Group LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtesy of Lin Pan Realty Group LLC

公司: ‍516-693-9888




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$1,990,000
COMMERCIAL
MLS # 991380
‎47-49 162nd Street
Flushing, NY 11358


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