New Listing - 06/01/2026
47-49 162nd Street, Flushing, NY, 11358
1931
Investment + End-User Opportunity in Prime East Flushing! This rare two-story brick property sits on a quiet corner lot along Oaks Ave, directly across from Kissena Park. Fully renovated and offering approximately 3,100 sq ft of interior space plus a 1,400 sqft full basement, it combines strong rental income with long-term upside. The ground floor features a well-established daycare center that has been successfully operating for over 10 years, generating a steady $6,000/month income, with a full enrollment and a waiting list. The lease is about to renew with a decent increase is expected. The upper level provides 3 bed 2 bath residential with dedicated kitchen and dining area, ideal for personal use or additional rental income. Upgrades include brand new boilers, separate gas and electric meters, and recently renovated kitchens and bathrooms. The property also benefits from reduced property taxes. Located in the heart of East Flushing, the property is surrounded by convenient transportation, multiple bus lines, and vibrant local shops. Additional features include a detached garage, 4 parking spaces, and easy street parking. A rare opportunity offering stable cash flow, prime location, and turnkey condition.
Status:
Active
Type:
Commercial
Heating:
Natural Gas
Cooling:
Electric
Basement:
Full
Parking:
6-car
Acreage:
0.14
Est. Taxes:
$16,000
Construction
Brick
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
MLS #:
991380
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Lin Pan Realty Group LLC 917-902-3898