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Renovated Multifamily Near Kissena Park
For Sale
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46-58 161st Street, Flushing, NY 11358

Fully renovated multifamily property in Flushing, ideal for rental income.

Property Size3,066 SF
Price / SF$877.36
Days on Market88

Property Features for 46-58 161st Street

General Information

Standard status Active
Size 3,066 SF
Property subtype Multifamily, Office, Mixed Use

Building Details

Year Built 1985
Listing Agency: Home Court Real Estate LLC
Listed By: Amanda Chiang · License #10401394063
Source: Crexi
Added: May 26 Changed: Aug 15 Last Checked: Aug 21 at 8:34AM

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 Home Court Real Estate LLC

Investment Insights

Based on property information with market context.

Located near Kissena Park in a desirable residential neighborhood of Queens, 46-58 161st Street, Flushing, is a fully renovated building for sale. The 3,066 square foot property features three updated apartments, each with up to four bedrooms. An additional space on the lower level is suitable for use as a medical office. The turnkey multifamily property is ideal for generating rental income, multi-generational living, or owner occupancy. The property offers modern finishes throughout, remodeled kitchens and bathrooms, separate entrances, and a large private backyard. Delivered vacant and conveniently located near public transportation and major roadways, this property presents an excellent opportunity for investors seeking strong income potential or buyers looking for a move-in-ready multifamily home.

Key Highlights

  • Fully renovated building featuring 3 updated apartments, each with up to 4 bedrooms
  • Additional lower level space suitable for a medical office
  • Located in a desirable residential neighborhood in Flushing, near Kissena Park

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Auto Parts Store Furniture & Home Goods Hotel & Motel Acupuncture

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Fully renovated multifamily property in Flushing, ideal for rental income.
Where is this apartment building located?
The property is located at 46-58 161st Street Flushing, NY.
What is the asking price?
The asking price for this property is $2,690,000.
What are key features of this property?
This property features: Fully renovated building featuring 3 updated apartments, each with up to 4 bedrooms; Additional lower level space suitable for a medical office; Located in a desirable residential neighborhood in Flushing, near Kissena Park
(718) 683-7912 Call to check price and availability
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