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17173 46th Ave 2,464 SF 100% Leased Retail Building Flushing, NY 11358 $1,650,000 ($669.64/SF) 6.57% Cap Rate


Executive Summary
Strong mixed-use investment opportunity in Auburndale, Flushing. With 3,800 SF of building area, this property offers multiple income streams through commercial retail and two residential units above and garage with storage spaces.
The front commercial space offers approximately 1,400 SF with a private restroom and basement access, currently occupied by an established tenant. The rear garage offers approximately 1,000 SF with separate rear access and additional basement space, currently configured for storage use which generate additional income.
The second floor features two residential units with updated kitchens and renovated bathrooms, including a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with exclusive access to an approximately 720 SF private rooftop patio, a valuable outdoor feature in Queens.
Additional features include separate electric and gas meters for residential and commercial tenants, plus garage parking.
Conveniently located near Northern Boulevard, supermarkets, restaurants, shopping, and everyday amenities, with access to Q26, Q27, and Q31 bus lines connecting to Downtown Flushing, the 7 subway line, and Auburndale LIRR station.
A practical opportunity for investors seeking a mixed-use asset with existing income, flexible space, parking, and long-term value in an established Flushing neighborhood.
The front commercial space offers approximately 1,400 SF with a private restroom and basement access, currently occupied by an established tenant. The rear garage offers approximately 1,000 SF with separate rear access and additional basement space, currently configured for storage use which generate additional income.
The second floor features two residential units with updated kitchens and renovated bathrooms, including a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with exclusive access to an approximately 720 SF private rooftop patio, a valuable outdoor feature in Queens.
Additional features include separate electric and gas meters for residential and commercial tenants, plus garage parking.
Conveniently located near Northern Boulevard, supermarkets, restaurants, shopping, and everyday amenities, with access to Q26, Q27, and Q31 bus lines connecting to Downtown Flushing, the 7 subway line, and Auburndale LIRR station.
A practical opportunity for investors seeking a mixed-use asset with existing income, flexible space, parking, and long-term value in an established Flushing neighborhood.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
2,464 SF
Building Class
C
Year Built
1930
Price
$1,650,000
Price Per SF
$669.64
Cap Rate
6.57%
NOI
$108,405
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.06 AC
Zoning
R3-2
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05525-0002 | Total Assessment | $57,952 (2026) |
| Land Assessment | $11,989 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $45,963 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
05525-0002
Land Assessment
$11,989 (2026)
Improvements Assessment
$45,963 (2026)
Total Assessment
$57,952 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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17173 46th Ave
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