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47-49 162nd St
Flushing, NY 11358
Retail Property For Sale
Investment Highlights
- Strategic location, conveniently located at the center of safe and populated East Flushing neighborhood.
- Low carrying cost with property tax half exempted, and the current owner pay only $16,000 annually.
- Easy parking: A detached parking garage and 4 spacious parking spots, and very easy street parking.
- Stable income from a 10-year day care center with 35 fully enrolled students and a long waiting list.
- Fully renovated with brand new boilers, gas meters, and recently renovated kitchen and bathrooms.
Executive Summary
Lin Pan Realty proudly presents 47-49 162nd Street, an investment opportunity of a two-story brick construction with retail day care center on the ground floor. The property is located at the quiet and convenient corner of 162nd Street and Oaks Ave, right across Kissena Park. Fully renovated with kitchens, bathrooms, brand new boilers, separate gas and electric meters, this property offers 3,100 square feet of indoor area plus full basement. Daycare center on the ground floor has been running for 10 years with monthly $6000 income. At the center of East Flushing with several bus line and numerous local shops, the location is ideal for churches, educational institutions, or personal self-residence and investments
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,100 SF
Building Class
C
Year Built
1931
Price
$1,990,000
Price Per SF
$641.94
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.14 AC
Zoning
R2
Frontage
60’ on 162nd St
Property Taxes
| Parcel Number | 05492-0008 | Improvements Assessment | $239,760 |
| Land Assessment | $86,400 | Total Assessment | $326,160 |
Property Taxes
Parcel Number
05492-0008
Land Assessment
$86,400
Improvements Assessment
$239,760
Total Assessment
$326,160
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