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47-49 162nd St 3,100 SF Vacant Retail Building Flushing, NY 11358 $2,785,463 CAD ($898.54 CAD/SF)
Investment Highlights
- Strategic location, conveniently located at the center of safe and populated East Flushing neighborhood.
- Low carrying cost with property tax half exempted, and the current owner pay only $16,000 annually.
- Easy parking: A detached parking garage and 4 spacious parking spots, and very easy street parking.
- Stable income from a 10-year day care center with 35 fully enrolled students and a long waiting list.
- Fully renovated with brand new boilers, gas meters, and recently renovated kitchen and bathrooms.
Executive Summary
Lin Pan Realty proudly presents 47-49 162nd Street, an investment opportunity of a two-story brick construction with retail day care center on the ground floor. The property is located at the quiet and convenient corner of 162nd Street and Oaks Ave, right across Kissena Park. Fully renovated with kitchens, bathrooms, brand new boilers, separate gas and electric meters, this property offers 3,100 square feet of indoor area plus full basement. Daycare center on the ground floor has been running for 10 years with monthly $6000 income. At the center of East Flushing with several bus line and numerous local shops, the location is ideal for churches, educational institutions, or personal self-residence and investments
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,100 SF
Building Class
C
Year Built
1931
Price
$2,785,463 CAD
Price Per SF
$898.54 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.14 AC
Zoning
R2
Frontage
60’ on 162nd St
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05492-0008 | Improvements Assessment | $334,734 CAD |
| Land Assessment | $120,625 CAD | Total Assessment | $455,358 CAD |
Property Taxes
Parcel Number
05492-0008
Land Assessment
$120,625 CAD
Improvements Assessment
$334,734 CAD
Total Assessment
$455,358 CAD
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47-49 162nd St
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