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    43-07 162Nd St Flushing, NY 11358

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    For Sale
    $2,780,000

    Mixed-use building with commercial space and residential apartments.

    Lot size:
    0.07 Acres

    Property Features for 43-07 162Nd St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    2005

    Source: AAA Young Shuen Realty Inc Agent Hui Fang Chen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Koreatown Flushing

    This mixed-use building is located in the heart of Koreatown in Flushing. The building has a size of 30x56. It includes 3 parking spaces and a large 1680 sq ft basement with a street-level entrance and elevator access, suitable for storage and commercial use. The ground floor, also 1680 sq ft, is currently leased to a music school. The second and third floors contain 4 separate apartments, with layouts varying from 1 to 3 bedrooms each. The property is zoned R5B, C2-2. Potential uses include a doctor's office, church, physical therapy practice, acupuncture clinic, day care, or yoga and pilates studio. The building is located within walking distance of the LIRR Broadway station, shops, and bus stops along Northern Blvd. It offers high potential return on investment.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.799365
    Latitude
    40.793587

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial space and residential apartments.
    Where is this mixed-use property located?
    The property is located at 43-07 162Nd St Flushing, NY.
    What is the asking price?
    The asking price for this property is $2,780,000.
    What are key features of this property?
    This property features: - Large mixed-use building (30x56) in the heart of Koreatown, Flushing.; - Ground floor currently leased to a music school, providing immediate income.; - Four separate apartments on the 2nd and 3rd floors (1-3 bedrooms each).
    (917) 681-7009
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    43-07 162Nd St Flushing, NY 11358
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    Flushing, NY 11358
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    43-07 162Nd St Flushing, NY 11358
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