4216 162nd St - Storefront Retail/Residential FOR SALE


Flushing, NY 11358- East Flushing
$2,980,000 USD
718-886-8110
4216 162nd St, Flushing, NY for Sale
$2,980,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

NEW


4216 162nd St
Flushing, NY 11358
East Flushing


HIGHLIGHTS

  • young building with a passenger elevator
  • great potential for proforma rent
  • parking

OVERVIEW

For sale is a well-maintained mixed-use building located in the heart of Flushing’s bustling Korean business district. Built in 2011, the property sits on a 25 × 100 ft lot with a total building size of 6,087 sq ft (25 × 69 ft). Zoned R5B/C2-2, it features a private parking space, large balcony (to be delivered vacant), and elevator access. The basement is currently used as a licensed acupuncture clinic with a separate entrance, the first floor houses a golf training school, the second floor is a medical clinic, and the third floor is a spacious 3-bedroom, 2-bath residential unit with private entrance or elevator access. The property generates approximately $190,000 in annual rental income from reliable, long-term tenants. Annual property tax is $37,774. Surrounded by supermarkets, restaurants, the Long Island Rail Road, Q12/Q65 bus lines, and just a 10-minute walk to Main Street, this location offers excellent visibility, strong foot traffic, and unbeatable convenience. Perfect for investors or owner-users seeking stable returns and long-term value.

FOR SALE DETAILS

PRICE

$2,980,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5B, C2-2

APN/PARCEL ID

05392-0124

ASK ABOUT THIS PROPERTY

Vivien CheungE Realty International CorpMore Info
718-886-8110

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Vivien CheungE Realty International CorpMore Info
718-886-8110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.