Property Description for 42-16 162nd Street
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' buildin... g 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. Show more