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Three-Story Mixed-Use Building
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43-01 162nd Street, Flushing, NY 11358

Corner commercial property with vacant first- and second-floor space and an occupied lower-level retail tenancy.

Property SizeContact for details
Days on Market141

Property Features for 43-01 162nd Street

General Information

Standard status Active
Property subtype Office
Listing Agency: RIPCO Real Estate
Listed By: Stephen R. Preuss · License #NY
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 6:50AM

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 RIPCO Real Estate

Investment Insights

Based on property information with market context.

This three-story mixed-use building contains 6,200 SF arranged across a 1,800 SF lower level, 2,340 SF first floor, and 1,640 SF second floor. The property also includes 420 SF of garage and storage area, along with a rear driveway accommodating up to two cars. Constructed in 1999 with a cement block and steel structure, the building will be delivered with the first and second floors vacant. The first-floor area is also offered for lease.

The lower level is leased to T-Mobile through 2018, with 3% annual increases and three additional five-year options extending through 2033. The tenant also covers a portion of real estate taxes. Positioned at the signalized intersection of 162nd Street and 43rd Avenue, the property is two blocks south of Northern Boulevard and near the LIRR Port Washington line at Broadway. Bus service along 43rd and Sanford Avenues connects the area with Queens, New York City, and Long Island, while nearby parkways provide regional access.

Key Highlights

  • 6,200 SF three‑story mixed‑use building constructed in 1999
  • 1,800 SF lower level, 2,340 SF first floor, and 1,640 SF second floor
  • 420 SF garage and storage area plus rear driveway for up to two cars

Property Analytics

Current Use

Office buildings

Suggested Use

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

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

401
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner commercial property with vacant first- and second-floor space and an occupied lower-level retail tenancy.
Where is this mixed-use property located?
The property is located at 43-01 162nd Street Flushing, NY.
What are key features of this property?
This property features: 6,200 SF three‑story mixed‑use building constructed in 1999; 1,800 SF lower level, 2,340 SF first floor, and 1,640 SF second floor; 420 SF garage and storage area plus rear driveway for up to two cars
(516) 647-7155 Call to check price and availability
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