Mixed-Use Building with Acupuncture
4564 162nd St Flushing, NY 11358
4564 162nd St, Flushing, NY, 11358
$1,700,000
For Sale
$1,700,000
Fully finished first-floor acupuncture office with a spacious basement, plus two residential floors with balconies.
Property Size2,970 SF
Price / SF$572.39
Days on Market514
Property Features for 4564 162nd St
General Information
- Standard status
- Active
- Size
- 2,970 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2004
Listing agency
Exit Realty Team
(917) 406-3337
Listed by
Charles Chul Chang
(917) 406-3337
Source
Xome
Added: Feb 22, 2025 Updated: Jul 21 at 3:13AM Checked: Jul 21 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Team
Investment Insights
Based on property information with market context.
This commercial and residential mixed-use property is configured with a fully finished first-floor acupuncture office, supported by a spacious basement that can serve storage and additional workspace needs. The building’s residential component occupies the upper two floors, each laid out with two bedrooms and two full bathrooms. Both levels also include a rear balcony for outdoor space.
Situated in the heart of the Flushing neighborhood, the property benefits from access to public transportation and is described as being close to Kissena Park. The surrounding area is characterized as a bustling shopping and office district, with services and amenities nearby.
Overall, the layout supports an owner-operator or investor model by combining a dedicated medical office presence on the first floor with residential living above.
Situated in the heart of the Flushing neighborhood, the property benefits from access to public transportation and is described as being close to Kissena Park. The surrounding area is characterized as a bustling shopping and office district, with services and amenities nearby.
Overall, the layout supports an owner-operator or investor model by combining a dedicated medical office presence on the first floor with residential living above.
Key Highlights
- Fully finished first‑floor acupuncture office with a spacious basement for storage or workspace
- Mixed‑use building with commercial office space plus residential living on the upper floors
- Second floor includes 2 bedrooms and 2 full bathrooms with a rear balcony
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.7k | $50.40 |
| − Vacancy | −$19.3k | −$6.50 |
| EGI | $130.4k | $43.90 |
| − OpEx | −$32.6k | −$10.97 |
| NOI | $97.8k | $32.92 |
2,970 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,784 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,266 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
New Life Pain ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully finished first-floor acupuncture office with a spacious basement, plus two residential floors with balconies.
Where is this mixed-use property located?
The property is located at 4564 162nd St Flushing, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully finished first‑floor acupuncture office with a spacious basement for storage or workspace; Mixed‑use building with commercial office space plus residential living on the upper floors; Second floor includes 2 bedrooms and 2 full bathrooms with a rear balcony
