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Brick Mixed-Use Property
New
For Sale
$2,498,800

42-32 162nd Street, Flushing, NY 11358

Commercial Sale, Flushing, NY

Property SizeContact for details
Lot Size0.04 Acres
Days on Market2

Property Features for 42-32 162nd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R5B
Rooms Basement
Parking 2
Basement Full, Finished
Elementary school district Queens 25
Middle school district Queens 25
High school district Queens 25
Directions see google map
Standard status Active
APN 05392-0031
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 12221

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Central Air
Water source Public, Well

Building Details

Year built 2008
Floors in Building 3
Number of units 3
Building materials Brick
Listing Agency: RE/MAX 1st Choice · RE/MAX International
Listed By: Yan Lin · License #10301218694
Added: Sep 18 Last Checked: Sep 19 at 4:06AM
MLS# 1052603

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2008, this brick mixed-use property includes commercial space and a basement on the lower level, with residential accommodations on the second and third floors. Each residential floor contains 3 bedrooms and 2 full bathrooms. The building measures approximately 19 by 76 feet on a 0.0436-acre lot and is zoned R5B. Both the commercial and residential portions are occupied, with tenants responsible for their own electricity and heat.

The property is positioned in an active Flushing commercial area near shopping, restaurants, businesses, and neighborhood amenities. Public transportation provides connectivity throughout Flushing and beyond. Building systems include central air, hot-water heating, public sewer service, and available electricity.

Key Highlights

  • Mixed‑use building constructed in 2008
  • Lower‑level commercial space with basement
  • Second and third floors each include 3 bedrooms and 2 full bathrooms

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Law Firm Hotel & Motel Gym & Fitness Center (Bike/Boat/Book/etc) Store Storage Facility

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

Location Intelligence

Trade Area within ½ mile

735
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick construction combines occupied commercial and residential areas with central air and hot-water heating.
Where is this mixed-use property located?
The property is located at 42-32 162nd Street Flushing, NY.
What is the asking price?
The asking price for this property is $2,498,800.
What are key features of this property?
This property features: Mixed‑use building constructed in 2008; Lower‑level commercial space with basement; Second and third floors each include 3 bedrooms and 2 full bathrooms
More about this property
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