Ground-Floor Mixed-Use
45-55 162 Street, Flushing, NY 11358
For Sale
Contact for pricing
A flexible interior layout supports commercial use with direct customer access.
Property Size900 SF
Price / SF$4.44
Days on Market24
Property Features for 45-55 162 Street
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Public Transit
Property Use
Listing Agency:
Sweet Key Realty Group Inc
Listed By:
Qun D. Lin · License #10401254850
(347) 323-2443
Source:
Neilcharlesrealestate
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 7 at 9:27AM
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 Sweet Key Realty Group Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor commercial storefront features a broad front façade, a flexible interior layout, and customer access. Its configuration is suited to a range of commercial uses, including office, retail, and professional services.
The property is in Flushing/Auburndale, with Northern Boulevard and Francis Lewis Boulevard nearby. Multiple bus lines also serve the area, alongside local businesses, dining, and service retailers.
The property is in Flushing/Auburndale, with Northern Boulevard and Francis Lewis Boulevard nearby. Multiple bus lines also serve the area, alongside local businesses, dining, and service retailers.
Key Highlights
- Ground‑floor commercial storefront
- Broad front façade and flexible interior layout
- Near Northern Boulevard and Francis Lewis Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,583
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,660
$231.7K
Cap Rate 7%
$165,471
$165.5K
Cap Rate 9%
$128,700
$128.7K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$21.6K $24.00/SF
− Vacancy
−$3.1K −$3.41/SF
EGI
$18.5K $20.59/SF
− OpEx
−$6.9K −$7.72/SF
NOI
$11.6K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,660
Cap Rate 7%
$165,471
Cap Rate 9%
$128,700
Alternative Uses
Best Use
Retail
$229.5K
$200.8K – $267.8K
NOI $16,065 @ 7.0% cap · market cap 401.63%
Second Best
Mixed Use
$165.5K
$144.8K – $193.1K
NOI $11,583 @ 7.0% cap · market cap 289.58%
Theoretical Best
Office A
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 1,161.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
$967,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Flushing, NY
Properties on Market for Mixed-use properties in Flushing
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A flexible interior layout supports commercial use with direct customer access.
Where is this mixed-use property located?
The property is located at 45-55 162 Street Flushing, NY.
What are key features of this property?
This property features: Ground‑floor commercial storefront; Broad front façade and flexible interior layout; Near Northern Boulevard and Francis Lewis Boulevard
