East Flushing Corner Property For
For Sale
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47-49 162nd Street, Flushing, NY 11358
Corner property in East Flushing with stable income and recent renovations.
Property Size3,100 SF
Price / SF$641.94
Days on Market107
Property Features for 47-49 162nd Street
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
6
Property subtype
Mixed Use, Retail
Zoning
R2A
Occupancy
100%
Net Operating Income
$100,000
Building Details
Year Built
1931
Year Renovated
2016
Listing Agency:
Lin Pan Realty
(917) 902-8853
Listed By:
Lin Pan · License #10491205311
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Jul 22 at 11:03AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
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- Neighborhood Friends WeeCare — 13-03 154th St, Queens, NY 11357
- Neighborhood friends Daycare — 13-03 154th St, Queens, NY 11357
- Bilingual Seit Inc — 20832 Cross Island Pkwy, Flushing, NY 11360
Frequently Asked Questions
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.
