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For sale
  • $2,890,000

    42-16 162nd Street, Flushing, NY 11358

    3beds
    6,087sqft
    Loading
    Triplex, Multi Family
    Built in 2011
    -- sqft lot
    $-- Zestimate®
    $475/sqft
    $-- HOA

    What's special

    Large private balconyElevator building
    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.
    16 days
    |
    394
    |
    14
    |

    Likely to sell faster than

    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#: 1037141MLS Logo

      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: 17 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

        DateEventPrice
        8/10/2026Listed for sale$2,890,000-9.7%$475/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1037141 Report a problem
        7/6/2026Listing removed$3,199,999$526/sqft
        Source: OneKey® MLS as distributed by MLS GRID #991184 Report a problem
        6/22/2026Price change$3,199,999-5.9%$526/sqft
        Source: OneKey® MLS as distributed by MLS GRID #991184 Report a problem
        4/27/2026Listed for sale$3,400,000+14.1%$559/sqft
        Source: OneKey® MLS as distributed by MLS GRID #991184 Report a problem
        4/1/2026Listing removed$2,980,000-0.3%$490/sqft
        Source: OneKey® MLS as distributed by MLS GRID #908998 Report a problem
        3/1/2026Price change$2,990,000+0.3%$491/sqft
        Source: StreetEasy #S1813122 Report a problem
        9/4/2025Listed for sale$2,980,000$490/sqft
        Source: OneKey® MLS as distributed by MLS GRID #908998 Report a problem
        6/14/2018Listing removed$2,400
        Source: Parkview Realty LLC #3023615 Report a problem
        4/27/2018Listed for rent$2,400-42.9%
        Source: Parkview Realty LLC #3023615 Report a problem
        7/21/2015Listing removed$4,200$1/sqft
        Source: Winzone Realty Inc Report a problem
        7/10/2015Listed for rent$4,200$1/sqft
        Source: Winzone Realty Inc Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Flushing

        Getting around

        93 / 100
        Walker's Paradise
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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