42-19 162nd Street, Flushing, NY, 11358

-This property in the sought-after Flushing neighborhood of Murray Hill offers a unique investment opportunity, combining both commercial and residential spaces. Here’s a detailed overview of its features and benefits: Property Details - **Structure**: Mixed-use building with three above-ground stories plus a finished basement. - **Commercial Space**: - **Location**: First floor features a commercial storefront. - **Residential Units**: - **Second Floor**: 4-bedroom, 1-bathroom apartment. - **Third Floor**: 3-bedroom, 1-bathroom apartment. - **Basement**: Serves as a storage area and houses the boiler room. - **Garage**: Parking available for two vehicles. Financial and Operational Highlights - **Utility Management**: All utility meters are separately metered, contributing to low operating costs. - **Return on Investment**: Strong potential for high returns, especially given the fully occupied status with reliable tenants. - **Occupancy Options**: The property can be delivered either occupied or vacant, providing flexibility for investors. Location Advantages - **Convenience**: Just one block from Northern Boulevard, offering easy access to daily amenities. - **Foot Traffic**: High visibility and foot traffic, beneficial for the commercial space. - **Proximity to Amenities**: - Restaurants, supermarkets, pharmacies, banks, and a post office are all nearby. - **Transportation Access**: - Multiple bus lines (Q12, Q13, Q26, Q27, Q28, Q65, N20G, N20X) and a 5-minute walk to the Long Island Rail Road (LIRR) station at 163rd Street and Northern Boulevard. Summary This mixed-use building is an excellent investment opportunity in a prime location, offering both commercial and residential rental income potential. The combination of reliable tenants, low operational costs, and convenient access to amenities and transportation enhances its appeal.

Listing courtesy of E Realty International Corp 718-886-8110