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Flushing Mix-Use Building For Sale 45-64 162nd St 2,468 SF 100% Leased Retail Building Flushing, NY 11358 $1,700,000 ($688.82/SF) 3.50% Cap Rate

INVESTMENT HIGHLIGHTS
- The commercial and residential mixed-use property located in vibrant Flushing area with 2 designated parking spots.
- 2nd & 3rd Floor units occupied with tenants (2 bedroom & 2 bathroom units)
- The first floor is dedicated to a fully finished acupuncture office, ideal for a range of commercial endeavors, with a spacious basement space
EXECUTIVE SUMMARY
This commercial and residential mixed-use property offers the perfect blend of business and living space in the heart of the vibrant Flushing neighborhood. The first floor is dedicated to a fully finished acupuncture office, ideal for a range of commercial endeavors, with a spacious basement that provides additional storage or workspace. This level is designed for optimal visibility, making it a prime location for any business looking to attract foot traffic. The location benefits from high visibility in a bustling shopping and office district, with a range of services and amenities in the immediate area. The upper two floors provide comfortable, modern residential living. The second floor features two spacious bedrooms with two full bathrooms, A rear balcony provides a serene outdoor space for relaxation. The third floor mirrors this layout with another two bedrooms, two full bathrooms, and a rear balcony. With its close proximity to Kissena Park, as well as easy access to public transportation, Perfectly suited for those seeking a versatile space in a thriving community.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,468 SF
Building Class
C
Year Built
2004
Price
$1,700,000
Price Per SF
$688.82
Cap Rate
3.50%
NOI
$59,500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.13
Lot Size
0.05 AC
Zoning
R5B - R5 Zoning in NYC is a low density contextual residential zoning district
Frontage
20’ on 162Nd St
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05440-0072 | Improvements Assessment | $56,180 |
| Land Assessment | $23,864 | Total Assessment | $80,044 |
PROPERTY TAXES
Parcel Number
05440-0072
Land Assessment
$23,864
Improvements Assessment
$56,180
Total Assessment
$80,044
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Presented by
Exit Realty Team
Flushing Mix-Use Building For Sale | 45-64 162nd St
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