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$ 2,199,000
Est. payment /mo
Active
42-19 162nd ST Flushing, NY 11358
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 897611
Rental Info No
Year Built 1930
Annual Tax Amount $9,850
Property Sub-Type Other
Source onekey2
Property Description
-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.
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.
Location
State NY
County Queens
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Cooling Electric
Fireplace No
Exterior
Parking Features Driveway, Garage
Utilities Available Electricity Available, Natural Gas Available
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by E Realty International Corp • Carol J. Jia
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