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45-38 162nd Street 2,600 SF Flex Building Flushing, NY 11358 $2,400,000 ($923.08/SF)
Investment Highlights
- 8,000 BSF / 5,400 SF of Air Rights
- 4,000 SF Lot / 40' X 100'
- Delivered Vacant
- R5B (C2-2 Overlay) / 2.0 FAR
- $11,144 Annual Taxes (Tax Class 1 / 19.843%)
Executive Summary
Cushman & Wakefield has been exclusively retained by Ownership to market for sale 45-38 162nd Street in Flushing, Queens (the “Property” or “Site”). The offering consists of a 4,000 square foot lot (40’ x 100’), currently improved with a two-story mixed-use building comprising approximately 2,600 gross square feet, featuring one residential unit over one ground-floor
retail store.
The Site is zoned R5B with a C2-2 Commercial Overlay, allowing for approximately 8,000 buildable square feet as-of-right, with approximately 5,400 square feet of air rights available above the existing improvements. Allowing for up to 6,000 BSF of residential use
and 2,000 BSF of commercial use. Delivered vacant, the Property offers immediate flexibility
for end-users, investors, and developers — eliminating the complexities of tenant displacement and allowing for a seamless transition to the next phase of ownership.
Strategically located in Flushing, the Property benefits from outstanding transit connectivity, with access to multiple subway and bus lines providing direct service throughout Queens, Manhattan, and the broader metropolitan area. The surrounding neighborhood offers a dense and diverse retail environment, strong residential demand fundamentals, and continued momentum from both private and public investment.
Please direct all inquiries to Cushman & Wakefield.
retail store.
The Site is zoned R5B with a C2-2 Commercial Overlay, allowing for approximately 8,000 buildable square feet as-of-right, with approximately 5,400 square feet of air rights available above the existing improvements. Allowing for up to 6,000 BSF of residential use
and 2,000 BSF of commercial use. Delivered vacant, the Property offers immediate flexibility
for end-users, investors, and developers — eliminating the complexities of tenant displacement and allowing for a seamless transition to the next phase of ownership.
Strategically located in Flushing, the Property benefits from outstanding transit connectivity, with access to multiple subway and bus lines providing direct service throughout Queens, Manhattan, and the broader metropolitan area. The surrounding neighborhood offers a dense and diverse retail environment, strong residential demand fundamentals, and continued momentum from both private and public investment.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
| Price | $2,400,000 | Rentable Building Area | 2,600 SF |
| Price Per SF | $923.08 | No. Stories | 2 |
| Sale Type | Owner User | Year Built | 1920 |
| Property Type | Flex |
| Price | $2,400,000 |
| Price Per SF | $923.08 |
| Sale Type | Owner User |
| Property Type | Flex |
| Rentable Building Area | 2,600 SF |
| No. Stories | 2 |
| Year Built | 1920 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Contacts
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Jeremy Stern -
Dylan Walsh -
Melissa Naeder -
Nick Kolbus -
Kieran Baker -
Charles Everett -
Cushman & Wakefield
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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45-38 162nd Street
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