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165-02 Sanford 16502 Sanford Ave 16 Unit Apartment Building $19,800,000 ($1,237,500/Unit) Flushing, NY 11358
Executive Summary
Brand-new 2025 concrete-and-steel construction in prime Flushing. Rare opportunity to acquire an entire mixed-use building featuring 16 residential condo units and 11 commercial spaces (5 ground floor retail/office + 6 basement commercial). High-quality materials, excellent sound insulation, efficient layouts, and strong long-term rental demand.
The residential portion includes twelve 2BR/2BA units and four 3BR/2BA units, plus two duplex 3BR/3BA units with large primary suites. Every unit is equipped with private balconies, split A/C, in-unit washer/dryer, and abundant natural light.
The building offers 31 indoor parking spaces and 6 outdoor spaces, full fire-safety systems, two emergency exits, and one elevator. All residential units and commercial spaces have independent electric meters (29 total).
Ground floor commercial (approx. 5,827 SF) is ideally suited for medical, dental, cosmetic, office, or community facility uses. Basement commercial level (approx. 5,827 SF) is suitable for school, tutoring center, dance studio, piano/art classes, fitness, recreation, or supplemental parking, with independent access.
Prime location near the LIRR, bus stop at the door, and walking distance to Main Street, offering unmatched convenience and strong income potential. This is a rare, turnkey investment in one of Flushing’s most sought-after corridors.
The residential portion includes twelve 2BR/2BA units and four 3BR/2BA units, plus two duplex 3BR/3BA units with large primary suites. Every unit is equipped with private balconies, split A/C, in-unit washer/dryer, and abundant natural light.
The building offers 31 indoor parking spaces and 6 outdoor spaces, full fire-safety systems, two emergency exits, and one elevator. All residential units and commercial spaces have independent electric meters (29 total).
Ground floor commercial (approx. 5,827 SF) is ideally suited for medical, dental, cosmetic, office, or community facility uses. Basement commercial level (approx. 5,827 SF) is suitable for school, tutoring center, dance studio, piano/art classes, fitness, recreation, or supplemental parking, with independent access.
Prime location near the LIRR, bus stop at the door, and walking distance to Main Street, offering unmatched convenience and strong income potential. This is a rare, turnkey investment in one of Flushing’s most sought-after corridors.
Property Facts
| Price | $19,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,237,500 | Building Class | B |
| Sale Type | Investment or Owner User | Lot Size | 0.29 AC |
| No. Units | 16 | Building Size | 41,824 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2019 |
| Zoning | R5B - Medium density district with a height limit of 40 feet | ||
| Price | $19,800,000 |
| Price Per Unit | $1,237,500 |
| Sale Type | Investment or Owner User |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 41,824 SF |
| No. Stories | 4 |
| Year Built | 2019 |
| Zoning | R5B - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05396-0018 | Improvements Assessment | $2,795,002 |
| Land Assessment | $280,305 | Total Assessment | $3,075,307 |
Property Taxes
Parcel Number
05396-0018
Land Assessment
$280,305
Improvements Assessment
$2,795,002
Total Assessment
$3,075,307
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165-02 Sanford | 16502 Sanford Ave
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