42-16 162nd Street, Flushing, NY 11358 - Photo 1

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$3,400,000 Just Listed

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Active
Commercial
Updated 5 hours ago

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Property Description

This premier mixed-use elevator building in the heart of Flushing offers a high-yield investment opportunity with a robust, diversified income stream and modern 2011 construction. Situated on a 25x100 lot with R5B/C2-2 zoning, the 6,087 sq. ft. property features a fully finished basement acupuncture clinic, a first-floor golf school, a second-floor medical office, and a luxurious 3-bedroom, 2-bathroom penthouse on the third floor. With an elevator serving all levels, central air, and a prime location just steps from the Q13/Q65 buses and minutes from the LIRR, this impeccably maintained asset is a rare turn-key find perfect for an owner-user or a savvy investor looking to capitalize on one of Queens' most vibrant commercial corridors.

Full Property Details

Full Property Details for 42-16 162nd St

General

Price: $3,400,000
Taxes: $48,333
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 990397
Updated: 4/24/2026
Added to Site: 1 day(s) ago

Business

Business Type: Commercial, Medical, Professional/Office

Additional Information

Security/Safety: Security System

Parking

Parking Features: Parking Lot

Location

County: Queens

Heating & Cooling

Central air: Yes
Cooling Type: Central Air
Heating Type: Baseboard

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Trash Collection Public, Water Available

Structural Information

Detached/Attached: Attached
Construction: Other
Basement: Yes
Basement Desc.: See Remarks
Stories/Levels: 3
Stories in Building: 3
Building Size: 6087
Square Feet: 6,087
Year Built: 2011

Lot Features

Lot Size (Acres): 0.0574
Lot Size (Sq. Ft.): 2,500
Zoning: R5B

Financial Considerations

Tax Amount: $48,333

Disclosures and Reports

Special Conditions: None
Property ID: 05392-0124
Block: 5392
Lot Number: 124

Listed by E Realty International Corp and Property Professionals Realty

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— 42-16 162nd St —

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Property Professionals Realty

718-886-8110

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Schools

Schools serving 42-16 162nd St

School District:New York City Geographic School District 25

Name	Grades	Distance
Ps 107 Thomas A Dooley 167-02 45th Ave, Queens, NY 11358	PK-5	0.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 42-16 162nd St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/24/2026

Listed

$3,400,000

81.33%

MLS

9/11/2014

Sold

$1,875,055

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 42-16 162nd St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$42,233

6%

$478,170

-15%

2024

$40,000

16%

$561,600

20%

2023

$34,608

-5%

$469,650

-15%

2022

$36,533

-2%

$551,700

11%

2021

$37,344

-15%

$499,050

-11%

2020

$43,823

12%

$562,950

4%

2019

$39,233

19%

$541,350

1%

2018

$32,950

21%

$538,650

3%

2017

$27,195

-27%

$522,900

-27%

2016

$37,007

37%

$719,550

184%

2015

$27,045

—

$253,800

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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Listed by Home Sweet Homes Real Prop Inc

42-16 162nd Street, Flushing, NY 11358 (MLS# 990397) is a Commercial property. 42-16 162nd Street is currently listed for $3,400,000 and was received on April 24, 2026. Want to learn more about 42-16 162nd Street? Do you have questions about finding other Commercial real estate for sale in Flushing? You can browse all Flushing real estate or contact a Coldwell Banker agent to request more information.

42-16 162nd St Flushing, NY 11358