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3 Beds
2 Baths
6,087 sqft

$2,890,000

42-16 162nd Street, Flushing NY, 11358

Price per sqft$474.78
Built in2011
Property size6,087 sqft
Property typeMulti-family
Courtesy of 1 Home Realty, RuoRuo Yang Listing Contact: 718-888-0188

Overview

Active

Listed Aug 10, 2026

Updated Aug 21

RARE FLUSHING MIXED-USE ELEVATOR BUILDING – PRIME LOCATION NEAR NORTHERN BLVD Rare opportunity to own a modern mixed-use elevator building in a prime Flushing location near Northern Boulevard. Approximately 6,087 SF of building space on a 2,550 SF lot, with approximately 25’ by 69’ building dimensions. Built in 2011 and completed in 2013. The property features multiple income-producing commercial and residential spaces, providing approximately $200,000 in current annual rental income. Property Features: • Ground Floor – Spa business – $3,827/month • 1st Floor – Golf School/Club – $5,851/month • 2nd Floor – Medical Office/Doctor’s Clinic – $3,782/month • 3rd Floor – Spacious 3-Bedroom, 2-Bathroom Residence with a large private balcony – $3,300/month • Elevator building • Approx. 6,087 SF building • Approx. 2,550 SF lot • Approx. 25’ by 69’ building dimensions • Built 2011 / Completed 2013 • Strong mix of commercial and residential tenants • Excellent investment and owner-user opportunity Four separate income streams in one property, with approximately $200,000 in gross annual rental income. Prime Flushing location with convenient access to Northern Boulevard, shopping, restaurants and transportation. A rare opportunity to acquire a modern, elevator-equipped mixed-use property with strong existing cash flow in Flushing.

$19,227/mo

Est. mortgage payment based on a $2,890,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1037141

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$48,333
Tax Frequency
Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cristina Candio shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 9:50 PM UTC on 8/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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