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$2,890,000
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Property Description
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.
Full Property Details
Full Property Details for 42-16 162nd St
General
- Price: $2,890,000
- Taxes: $48,333
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1037141
- Updated: 8/11/2026
- Added to Site: 14 day(s) ago
Interior
- Interior Features: Elevator, Granite Counters, Open Kitchen
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Total Spaces: 1
- Parking Features: Driveway
Location
- County: Queens
- Cross Streets: Sanford Ave
- Driving Directions: www.google.com/maps
School Information
- High School District: Queens 25
- Elementary School: Ps 22 Thomas Jefferson
- Middle School: Jhs 189 Daniel Carter Beard
- High School: Flushing High School
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Ductless
- Heating Type: Baseboard
- Heating Zones: 4
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Architectural Style: Modern
- Detached/Attached: Attached
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Finished
- Building Size: 6087
- Square Feet: 6,087
- Year Built: 2011
Lot Features
- Lot Size (Sq. Ft.): 2,550
Financial Considerations
- Tax Amount: $48,333
Disclosures and Reports
- Special Conditions: None
- Property ID: 05392-0124
- Block: 5392
- Lot Number: 124
Listed by 1 Home Realty
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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
Date
Details
Price
Change
Source
8/10/2026
Listed
$2,890,000
54.13%
MLS
9/11/2014
Sold
$1,875,055
—
Public Record
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
—
$502,714
5%
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
—
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
Estimate the Cost for 42-16 162nd St
42-16 162nd Street, Flushing, NY 11358 (MLS# 1037141) is a Multi-Family property with 4 units containing 3 bedrooms and 2 full bathrooms. 42-16 162nd Street is currently listed for $2,890,000 and was received on August 10, 2026. Want to learn more about 42-16 162nd Street? Do you have questions about finding other Multi-Family real estate for sale in Flushing? You can browse all Flushing real estate or contact a Coldwell Banker agent to request more information.

