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.
For sale
$2,890,000
42-16 162nd Street, Flushing, NY 11358
3beds
6,087sqft
Triplex, Multi Family
Built in 2011
-- sqft lot
$-- Zestimate®
$475/sqft
$-- HOA
What's special
Large private balconyElevator building
- 62 days
- 182
- 10
Zillow last checked:
Listing updated:
Listed by:
1 Home Realty 718-888-0188,
RuoRuo Yang 917-573-0173
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1037141
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Central Air, Ductless
Features
- Elevator, Granite Counters, Open Kitchen
- Basement: Finished
- Attic: None
Interior area
- Total structure area: 6,087
- Total interior livable area: 6,087 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 2,550 Square Feet
Details
- Parcel number: 053920124
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding
Condition
- Year built: 2011
Utilities & green energy
- Gas: Separate Gas Meters: 4
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Flushing
Financial & listing details
- Price per square foot: $475/sqft
- Tax assessed value: $445,550
- Annual tax amount: $48,333
- Date on market: 8/10/2026
- Cumulative days on market: 63 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $2,890,000-9.7%$475/sqft |
Source: | ||
| 7/6/2026 | Listing removed | $3,199,999$526/sqft |
Source: | ||
| 6/22/2026 | Price change | $3,199,999-5.9%$526/sqft |
Source: | ||
| 4/27/2026 | Listed for sale | $3,400,000+14.1%$559/sqft |
Source: | ||
| 4/1/2026 | Listing removed | $2,980,000-0.3%$490/sqft |
Source: | ||
| 3/1/2026 | Price change | $2,990,000+0.3%$491/sqft |
Source: StreetEasy #S1813122 Report a problem | ||
| 9/4/2025 | Listed for sale | $2,980,000$490/sqft |
Source: | ||
| 6/14/2018 | Listing removed | $2,400 |
Source: Parkview Realty LLC #3023615 Report a problem | ||
| 4/27/2018 | Listed for rent | $2,400-42.9% |
Source: Parkview Realty LLC #3023615 Report a problem | ||
| 7/21/2015 | Listing removed | $4,200$1/sqft |
Source: Winzone Realty Inc Report a problem | ||
| 7/10/2015 | Listed for rent | $4,200$1/sqft |
Source: Winzone Realty Inc Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Flushing
Nearby schools
Schools provided by the listing agent
- Elementary: Ps 22 Thomas Jefferson
- Middle: Jhs 189 Daniel Carter Beard
- High: Flushing High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







