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$3,400,000

  • For Sale
  • Active
  • Multi-Family
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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 for 42-16 162nd St

General

  • Price: $3,400,000
  • Taxes: $48,333
  • Status: Active
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 991184
  • Updated: 4/27/2026
  • Added to Site: 24 day(s) ago

Interior

  • Interior Features: Open Floorplan

Parking

  • Total Spaces: 1
  • Parking Features: Parking Lot

Location

  • County: Queens

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Finished, Full Basement, Walk-Out Access
  • Year Built: 2011

Financial Considerations

  • Tax Amount: $48,333

Disclosures and Reports

  • Special Conditions: None

Listed by Property Professionals Realty and E Realty International Corp

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Listing agents

— 42-16 162nd St —

  • Property Professionals Realty

  • E Realty International Corp

516-605-2700

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 42-16 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 42-16 162nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/27/2026
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 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.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Property Professionals Realty and E Realty International Corp

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4216 162nd Street, Flushing, NY 11358 (MLS# 991184) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 4216 162nd Street is currently listed for $3,400,000 and was received on April 27, 2026. Want to learn more about 4216 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.

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