Mixed-Use Building in Flushing
192-17 47th Ave, Queens, NY 11358
Mixed-use property with commercial space and residential unit in Flushing.
Type:Commercial
Property size:
3,260 SFPrice / SF:
$521/SF- Added:
- Apr 3, 2026
- Days on Market:
- 58
- Last Refresh:
- Apr 3 at 5:02 pm
Property Features for 192-17 47th Ave
General Information
- Standard status
- Active
- Size
- 3,260 SF
- Property subtype
- Commercial
Listing agent Chao Ling Yeh CBR
Listing office
Listing date Apr 3, 2026
Source Elliman
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 Chao Ling Yeh CBR
HighLights
- Prime Flushing location with excellent transit (Transit Score: 71) and easy access to Flushing Main St & #7 Train to Manhattan.
- Mixed‑use building offering both commercial and residential income streams.
- Ground floor commercial space with full finished basement (approx. 2,160 Sq Ft) and excellent visibility.
- Strong rental income potential: Current 1st Fl Rent: $5,000/month; Estimated Market Rent (2nd Fl): ~$3,600/month.
- Second floor residential unit (Approx. 1,100 Sq Ft) featuring 3 Bedrooms & 2 Full Bathrooms, skylight, and hardwood floors.
- Q27 Bus stop directly in front of the property and surrounded by daily conveniences.
Overview
This mixed-use property is located in a desirable and convenient area. The building features a street-level storefront with a full finished basement, totaling approximately 2,160 square feet. The commercial space is suitable for retail, office, or community use, and currently generates a rental income of $5,000 per month. The second floor comprises a residential unit of approximately 1,100 square feet, featuring a bright and spacious layout with hardwood floors. It includes an open living and dining area with a skylight, a functional kitchen with ample cabinetry, three bedrooms, and two full bathrooms, including a primary suite. The estimated market rent for the residential unit is approximately $3,600 per month. The property benefits from its prime location, with a Q27 bus stop directly in front. It offers easy access to Flushing Main Street and the #7 Train to Manhattan. The surrounding area includes restaurants, shops, supermarkets, and other daily conveniences. The location has a bike score of 61, indicating it is bikeable, a walk score of 66, indicating it is somewhat walkable, and a transit score of 71, indicating excellent transit options.
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 | $164.3k | $50.40 |
| − Vacancy | −$21.2k | −$6.50 |
| EGI | $143.1k | $43.90 |
| − OpEx | −$35.8k | −$10.97 |
| NOI | $107.3k | $32.92 |
3,260 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,332 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$1.14M
$996.1K – $1.33M
NOI $79,689 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,232 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.954286
- Latitude
- 40.745463
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and residential unit in Flushing.
Where is this mixed-use property located?
The property is located at 192-17 47th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,699,998.
What are key features of this property?
This property features: Prime Flushing location with excellent transit (Transit Score: 71) and easy access to Flushing Main St & #7 Train to Manhattan.; Mixed‑use building offering both commercial and residential income streams.; Ground floor commercial space with full finished basement (approx. 2,160 Sq Ft) and excellent visibility.
