Ground-Floor Mixed-Use
For Sale
Contact for pricing
45-55 162 Street, New York, NY 11358
A flexible interior layout supports commercial use with direct customer access.
Property Size900 SF
Price / SF$5.11
Days on Market17
Property Features for 45-55 162 Street
General Information
Standard status
Active
Size
900 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Flushing
Public Transit
Yes
Additional Details
Floor
1
Property Use
Office, Retail, Professional
Listing Agency:
Sweet Key Realty Group Inc
Listed By:
Qun D. Lin · License #10401254850
(347) 323-2443
Source:
Neilcharlesrealestate
Added: Oct 15
Changed: Oct 30
Last Checked: Oct 30 at 2:11AM
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
$28,688
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,760
$573.8K
Cap Rate 7%
$409,829
$409.8K
Cap Rate 9%
$318,756
$318.8K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$54.0K $60.00/SF
− Vacancy
−$8.1K −$9.00/SF
EGI
$45.9K $51.00/SF
− OpEx
−$17.2K −$19.13/SF
NOI
$28.7K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,760
Cap Rate 7%
$409,829
Cap Rate 9%
$318,756
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,652 @ 7.0% cap · market cap 2,753.30%
Second Best
Mixed Use
$409.8K
$358.6K – $478.1K
NOI $28,688 @ 7.0% cap · market cap 623.65%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,816 @ 7.0% cap · market cap 3,409.04%
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
2,621
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 25%
Groceries 22%
Electronics 3%
Taco Bell
Dining
30,574 visits/mo
0.2 miles
Key Food Marketplace
Groceries
24,912 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
12,889 visits/mo
0.2 miles
Sunoco
Shops & Services
9,107 visits/mo
0.3 miles
Mobil
Shops & Services
7,346 visits/mo
0.2 miles
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 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 New York, 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
