47-49 162nd Street

Rare opportunity to own a beautifully renovated, two-story detached brick mixed-use property on a desirable corner lot in the heart of East Flushing. Offering approximately 3,100 SF of above-grade interior space plus a full basement, this property presents an exceptional combination of est... ablished rental income, residential flexibility, and long-term investment potential. The ground floor is occupied by a DOE funded child development center that has operated successfully for over 10 years, providing a consistent income stream of $6,120 per month. With strong enrollment and reported waiting-list demand, the daycare offers an established tenant presence, with potential rental upside upon lease renewal. The upper level features a spacious three-bedroom residential layout with a dedicated kitchen and dining area, ideal for owner occupancy or additional rental income. Recent improvements include renovated kitchens and bathrooms, new boilers, separate gas and electric meters, and updated building systems. It include a detached 2-car garage, plus four outdoor parking spaces, a fenced yard, and generous outdoor space. Ideally situated at the corner of 162nd Street and Oaks Avenue, directly across from scenic Kissena Park, the property offers convenient access to shopping, restaurants, public transportation, and neighborhood amenities. An exceptional live-and-earn opportunity combining established income, flexible residential space, and a prime East Flushing location. Financial information and additional property details are available upon request. Show more