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$2,498,800 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 1 day ago
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Excellent mixed-use opportunity in a prime Flushing location! Built in 2008, this newer mixed-use property features commercial space with basement on the lower level and residential space above, the second and third floors, each offering 3 bedrooms and 2 full bathrooms. Building size approximately 19' × 76'. Located in a highly desirable and active commercial area surrounded by shopping, restaurants, businesses, and neighborhood amenities. Convenient access to public transportation provides excellent connectivity throughout Flushing and beyond. Both residential and commercial spaces are currently occupied, with tenants responsible for their own electricity and heat. A great opportunity for investors or future owner-users seeking a newer mixed-use property in one of Flushing's established commercial areas with strong long-term potential.

Full Property Details for 42-32 162nd St

General

  • Price: $2,498,800
  • Taxes: $12,220
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 1052603
  • Updated: 9/18/2026
  • Added to Site: 2 day(s) ago

Parking

  • Total Spaces: 2
  • Parking Features: Private

Location

  • County: Queens
  • Driving Directions: see google map

School Information

  • High School District: Queens 25

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Hot Water
  • Heating Zones: 3

Utilities

  • Sewer: Public Sewer
  • Water: Well, Public
  • Utility Description: Electricity Available, Electricity Connected, Natural Gas Connected

Structural Information

  • Detached/Attached: Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full Basement
  • Stories/Levels: 3
  • Stories in Building: 3
  • Building Size: 5028
  • Square Feet: 5,028
  • Year Built: 2008

Lot Features

  • Lot Size (Acres): 0.0436
  • Lot Size (Sq. Ft.): 1,900
  • Zoning: R5B

Financial Considerations

  • Tax Amount: $12,220.55
  • Tenant Pays: Electricity, Gas, Heat

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 05392-0031

Listed by RE/MAX 1st Choice

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Listing agent

— 42-32 162nd St —

  • RE/MAX 1st Choice

516-888-6000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 42-32 162nd St

School District:New York City Geographic School District 25
NameGradesDistance
Ps 107 Thomas A Dooley
167-02 45th Ave, Queens, NY 11358
PK-50.4 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 42-32 162nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/18/2026
Listed
$2,498,800
66.59%
MLS
5/31/2011
Sold
$1,500,000
—
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 for 42-32 162nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,908
—
$82,115
4%
2025
$15,908
6%
$79,202
-43%
2024
$15,028
9%
$137,820
95%
2023
$13,846
3%
$70,589
-40%
2022
$13,490
17%
$117,240
10%
2021
$11,557
14%
$106,260
—
2020
$10,156
20%
$105,780
15%
2019
$8,431
16%
$91,980
56%
2017
$7,253
—
$58,824
1%
2017
$7,253
5%
$58,104
2%
2016
$6,897
9%
$57,024
4%
2015
$6,351
25%
$55,002
6%
2014
$5,085
8%
$51,961
6%
2013
$4,714
—
$49,020
—
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.

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Listed by RE/MAX 1st Choice

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42-32 162nd Street, Flushing, NY 11358 (MLS# 1052603) is a Commercial property. 42-32 162nd Street is currently listed for $2,498,800 and was received on September 18, 2026. Want to learn more about 42-32 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.

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