Mixed-Use Building with
For Sale
$1,480,000
Pending
43-27 162nd Street, Flushing, NY 11358
Two residential apartments complement the street-facing retail space in this mixed-use property.
Property Size1,728 SF
Days on Market9
Property Features for 43-27 162nd Street
General Information
Standard status
Pending
Size
1,728 SF
Property subtype
Residential Income
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 1BR, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,590
Amenities
2
No
4
First Floor Bedroom,First Floor Full Bath
Public
On Street
1728
Building Details
Building Size
1,728 SF
Year Built
1925
Stories
2
Tenancy
Single
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:45PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
The 1,728-square-foot mixed-use property was built in 1925 and contains a street-level storefront alongside two residential units. A one-bedroom apartment occupies the rear of the first floor, while the second floor has a three-bedroom, one-bath apartment.
The property is in Flushing, near the LIRR Broadway Station and within walking distance of shops, restaurants, and everyday services.
The property is in Flushing, near the LIRR Broadway Station and within walking distance of shops, restaurants, and everyday services.
Key Highlights
- 1,728‑square‑foot mixed‑use property
- Street‑level retail storefront
- Rear first‑floor apartment has one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,240
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,800
$844.8K
Cap Rate 7%
$603,429
$603.4K
Cap Rate 9%
$469,333
$469.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$79.8K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$76.8K $44.44/SF
− OpEx
−$34.6K −$20.00/SF
NOI
$42.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,800
Cap Rate 7%
$603,429
Cap Rate 9%
$469,333
Alternative Uses
Best Use
Apartment 5plus
$603.4K
$528.0K – $704.0K
NOI $42,240 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$440.6K
$385.6K – $514.1K
NOI $30,845 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,173 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments complement the street-facing retail space in this mixed-use property.
Where is this mixed-use property located?
The property is located at 43-27 162nd Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: 1,728‑square‑foot mixed‑use property; Street‑level retail storefront; Rear first‑floor apartment has one bedroom
