Mixed-Use Elevator
42-16 162nd Street New York, NY 11358
42-16 162nd Street, New York, NY, 11358
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For Sale
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Modern 2011 building with an elevator, central air, and multiple income-producing floors including medical and school space.
Property Size6,087 SF
Lot Size0.06 Acres
Price / SF$558.57
Days on Market91
Property Features for 42-16 162nd Street
General Information
- Standard status
- Active
- Size
- 6,087 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 2011
Listing agency
E Realty International Corp
(718) 886-8110
Listed by
Michelle Tao · License #10401366290
Source
Crexi
Added: Apr 24 Updated: Jul 23 at 12:13AM Checked: Jul 23 at 12:13AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
Set on a 25x100 lot, this modern mixed-use elevator building was constructed in 2011 and is maintained with central air throughout. The 6,087 sq. ft. property includes a fully finished basement acupuncture clinic, a first-floor golf school, a second-floor medical office, and a third-floor penthouse with three bedrooms and two bathrooms. An elevator serves all levels.
The property is zoned R5B/C2-2 and is located at 42-16 162nd Street, New York, NY 11358. Public transportation is nearby, with the Q13/Q65 buses within steps and the LIRR minutes away.
With its vertical layout and elevator access, the building supports a diversified mix of uses across the basement, first, second, and third floors.
The property is zoned R5B/C2-2 and is located at 42-16 162nd Street, New York, NY 11358. Public transportation is nearby, with the Q13/Q65 buses within steps and the LIRR minutes away.
With its vertical layout and elevator access, the building supports a diversified mix of uses across the basement, first, second, and third floors.
Key Highlights
- 2011‑built mixed‑use elevator building on a 25x100 lot
- 6,087 sq. ft. building with multiple income‑producing floors, including medical and school space
- Fully finished basement acupuncture clinic
Local Financial Insights For Mixed Use
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 | $365.2k | $60.00 |
| − Vacancy | −$54.8k | −$9.00 |
| EGI | $310.4k | $51.00 |
| − OpEx | −$116.4k | −$19.13 |
| NOI | $194.0k | $31.88 |
6,087 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.77M
$2.43M – $3.23M
NOI $194,023 @ 7.0% cap · market cap 5.71%
Second Best
Office B
$2.72M
$2.38M – $3.18M
NOI $190,600 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$15.15M
$13.26M – $17.68M
NOI $1,060,599 @ 7.0% cap · market cap 31.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Modern 2011 building with an elevator, central air, and multiple income-producing floors including medical and school space.
Where is this mixed-use property located?
The property is located at 42-16 162nd Street New York, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 2011‑built mixed‑use elevator building on a 25x100 lot; 6,087 sq. ft. building with multiple income‑producing floors, including medical and school space; Fully finished basement acupuncture clinic
