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Built in 2008, this solid brick semi-detached mixed-use property features a durable steel and concrete structure and offers exceptional investment potential in a prime Flushing location near Kissena Boulevard. Zoned R4, the property consists of two residential units plus a community facility, making it an ideal opportunity for investors, medical professionals, or owner-users seeking strong income potential. Spanning three stories plus a full basement, the building offers approximately 3, 456 square feet of interior space, with each floor measuring 1, 152 square feet. The property features high ceilings throughout, creating a bright, open, and spacious atmosphere. The first floor is configured as a community facility and is well-suited for a medical office, professional practice, educational use, or other approved commercial purposes. The second floor features a spacious 4-bedroom, 2-bathroom residence, while the third floor offers a comfortable 3-bedroom, 2-bathroom apartment. A huge private terrace provides valuable outdoor space, perfect for entertaining, relaxation, or enjoying open neighborhood views. The property is equipped with three separate boilers and three hot water tanks, providing efficient operation and convenience for multiple occupants. Most units were extensively updated in 2025 and feature new split-system air conditioning units, enhancing both comfort and energy efficiency. an attached garage plus 3 parking , a generous 16' x72' building footprint, and a highly desirable location just moments from Kissena Boulevard. Convenient transportation options include the Q17 and Q25 bus lines, providing direct access to Downtown Flushing and the Main Street subway station. An exceptional income-producing mixed-use property offering modern updates, strong rental potential, and outstanding versatility in one of Flushing's most desirable and high-demand neighborhoods.
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Our Executive Mortgage Banker:
$1,880,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,504,000 | $1,504,000 | $1,504,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,010 | $1,010 | $1,010 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,422 | $9,138 | $12,590 |
| Total Monthly Payment | $9,557 | $10,273 | $13,725 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.