47-49 162nd St - Storefront Retail/Office FOR SALE


Flushing, NY 11358- East Flushing
$1,990,000 USD
917-902-3898
47-49 162nd St, Flushing, NY for Sale
$1,990,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

47-49 162nd St
Flushing, NY 11358
East Flushing


HIGHLIGHTS

  • Strategic location, conveniently located at the center of safe and populated East Flushing neighborhood.
  • Stable income from a 10-year day care center with 35 fully enrolled students and a long waiting list.
  • Low carrying cost with property tax half exempted, and the current owner pay only $16,000 annually.
  • Fully renovated with brand new boilers, gas meters, and recently renovated kitchen and bathrooms.
  • Easy parking: A detached parking garage and 4 spacious parking spots, and very easy street parking.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$642 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/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

R2

APN/PARCEL ID

05492-0008

ASK ABOUT THIS PROPERTY

Derek ZhengLin Pan Realty GroupMore Info
917-902-3898

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Derek ZhengLin Pan Realty GroupMore Info
917-902-3898

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