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East Flushing Corner Property For Sale

47-49 162nd Street Flushing, NY 11358

47-49 162nd Street, Flushing, NY, 11358
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For Sale
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Corner property in East Flushing with stable income and recent renovations.

Property Size3,100 SF
Price / SF$641.94
Days on Market61

Property Features for 47-49 162nd Street

General Information

Standard status
Active
Size
3,100 SF
Property subtype
Mixed Use, Retail

Building Details

Year Built
1931
Listing Agency Lin Pan Realty
Listed by Lin Pan · License #10491205311
Source Crexi
Added: May 18 Checked: Jul 16 at 4:09 am

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 Lin Pan Realty


Investment Insights

Based on property information with market context.

Located on a prominent corner directly across from Kissena Park in East Flushing, the property at 47-49 162nd Street is situated in a safe and highly desirable neighborhood. The property offers stable cash flow from a daycare center that has operated for over 10 years with 35 enrolled students. The daycare generates approximately $6,000 in monthly income. The entire building has undergone significant recent renovations, including new boilers, upgraded gas meters, and renovated kitchens and bathrooms. The property benefits from partial tax abatement due to its non-profit use, resulting in annual property taxes of approximately $16,000. The property is suitable for investors, educational users, religious organizations, or owner-occupants seeking stable income and long-term value. On-site parking and neighborhood accessibility are additional benefits. The property size is 3100 square feet.

Key Highlights

  • Prime location directly across from Kissena Park in the desirable East Flushing neighborhood.
  • Stable and reliable cash flow from a well‑established daycare center with 35 enrolled students and a waiting list, generating approximately $6,000 monthly income.
  • Significant recent renovations, including new boilers, upgraded gas meters, and renovated kitchens and bathrooms.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Day care centers

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service Storage Facility Gym & Fitness Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Future Star Garden Daycare — 57-36 161st St, Queens, NY 11365
  • PRESCHOOL 'R' US II, INC. — 59-25 Kissena Blvd, Flushing, NY 11355
  • Marisol’s little angels daycare — 154-10 Booth Memorial Ave, Flushing, NY 11355
  • Little Lollipop Daycare — 140-15 Holly Ave, Queens, NY 11355
  • Little All Stars Day Care — 143-40 Quince Ave, Queens, NY 11355

FAQs

What type of property is this?
Day care center - Corner property in East Flushing with stable income and recent renovations.
Where is this day care center located?
The property is located at 47-49 162nd Street Flushing, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Prime location directly across from Kissena Park in the desirable East Flushing neighborhood.; Stable and reliable cash flow from a well‑established daycare center with 35 enrolled students and a waiting list, generating approximately $6,000 monthly income.; Significant recent renovations, including new boilers, upgraded gas meters, and renovated kitchens and bathrooms.
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