Search
Mixed-Use Elevator Building
New
For Lease
$2,890,000

42-16 162nd Street, Flushing, NY 11358

Four-level property combines commercial spaces with a three-bedroom residence and private balcony.

Space SizeContact for details
Property Size6,087 SF
Lot Size0.06 Acres
Days on Market2

Property Features for 42-16 162nd Street

General Information

Standard status Active
Size 6,087 SF
Total Parking Spaces 1
Lot size 0.06 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $48,333

Amenities

elevator

Building Details

Year Built 2011
Stories 4
Building Size 6,087 SF
Tenancy Multi
Listing Agency: 1 Home Realty
Listed By: RuoRuo Yang ([email protected])
Source: Iaquintarealestate
Added: Aug 12 Changed: Aug 13 Last Checked: Aug 13 at 2:36AM

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 1 Home Realty

Investment Insights

Based on property information with market context.

This mixed-use property contains approximately 6,087 SF of building area on an approximately 2,550 SF lot. The four-level layout includes a ground-floor spa business, a golf school or club on the first floor, a medical office or doctor’s clinic on the second floor, and a three-bedroom, two-bathroom residence on the third floor. The residence includes a large private balcony, and the building is equipped with an elevator.

Constructed in 2011 and completed in 2013, the property measures approximately 25 feet by 69 feet. Four separate commercial and residential occupancy components provide diversified use within one building. The property is located at 42-16 162nd Street in Flushing, with access to Northern Boulevard, shopping, restaurants, and transportation.

Key Highlights

  • Approximately 6,087 SF building on an approximately 2,550 SF lot
  • Four occupancy components spanning spa, golf, medical office, and residential uses
  • Three‑bedroom, two‑bathroom residence with a large private balcony

Property Analytics

Current Use

DREAM ESTHETICS (DREAM ... Medical Clinic KCS Mental Health ... Charitable Organization

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Furniture & Home Goods Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,335
Businesses Nearby

Demographics for 11358, NY

40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four-level property combines commercial spaces with a three-bedroom residence and private balcony.
Where is this mixed-use property located?
The property is located at 42-16 162nd Street Flushing, NY.
What is the lease rate?
The lease rate is $2,890,000.
What are key features of this property?
This property features: Approximately 6,087 SF building on an approximately 2,550 SF lot; Four occupancy components spanning spa, golf, medical office, and residential uses; Three‑bedroom, two‑bathroom residence with a large private balcony
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message