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4216 162nd St
Flushing, NY 11358
Retail Property For Sale
Executive Summary
This premier mixed-use elevator building in the heart of Flushing offers a high-yield investment opportunity with a robust, diversified income stream and modern 2011 construction. Situated on a 25x100 lot with R5B/C2-2 zoning, the 6,087 sq. ft. property features a fully finished basement acupuncture clinic, a first-floor golf school, a second-floor medical office, and a luxurious 3-bedroom, 2-bathroom penthouse on the third floor. With an elevator serving all levels, central air, and a prime location just steps from the Q13/Q65 buses and minutes from the LIRR, this impeccably maintained asset is a rare turn-key find perfect for an owner-user or a savvy investor looking to capitalize on one of Queens' most vibrant commercial corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,088 SF
Building Class
B
Year Built
2011
Price
$3,400,000
Price Per SF
$558.48
Cap Rate
5.30%
NOI
$180,200
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.33
Lot Size
0.06 AC
Zoning
R5B, C2-2 - Commercial Mix Use:
commercial: basement, 1st floor, 2nd floor 1,725 sqft on each floor
residential: 3rd floor 3bed 2 full bath apartment.
Parking
1 Spaces (0.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 05392-0124 | Improvements Assessment | $399,890 |
| Land Assessment | $90,000 | Total Assessment | $489,890 |
Property Taxes
Parcel Number
05392-0124
Land Assessment
$90,000
Improvements Assessment
$399,890
Total Assessment
$489,890
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