42-16 162nd Street, Flushing, NY 11358

Property Description

RARE FLUSHING MIXED-USE ELEVATOR BUILDING – PRIME LOCATION NEAR NORTHERN BLVD Rare opportunity to own a modern mixed-use elevator building in a prime Flushing location near Northern Boulevard. Approximately 6,087 SF of building space on a 2,550 SF lot, with approximately 25’ by 69’ building dimensions. Built in 2011 and completed in 2013. The property features multiple income-producing commercial and residential spaces, providing approximately $200,000 in current annual rental income. Property Features: • Ground Floor – Spa business – $3,827/month • 1st Floor – Golf School/Club – $5,851/month • 2nd Floor – Medical Office/Doctor’s Clinic – $3,782/month • 3rd Floor – Spacious 3-Bedroom, 2-Bathroom Residence with a large private balcony – $3,300/month • Elevator building • Approx. 6,087 SF building • Approx. 2,550 SF lot • Approx. 25’ by 69’ building dimensions • Built 2011 / Completed 2013 • Strong mix of commercial and residential tenants • Excellent investment and owner-user opportunity Four separate income streams in one property, with approximately $200,000 in gross annual rental income. Prime Flushing location with convenient access to Northern Boulevard, shopping, restaurants and transportation. A rare opportunity to acquire a modern, elevator-equipped mixed-use property with strong existing cash flow in Flushing.