171-73 46th Avenue
About This Property
The front commercial space offers approximately 1,400 SF with a private restroom and basement access and is currently occupied by an established tenant. The rear garage offers approximately 1,000 SF with separate rear access and additional basement space, currently configured for storage use and offering additional income potential.
The second floor features two residential units with updated kitchens and renovated bathrooms, including a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with exclusive access to an approximately 720 SF private rooftop patio, a valuable outdoor amenity in Queens.
Additional features include separate electric and gas metering for the residential and commercial portions of the property, along with garage parking.
Conveniently located near Northern Boulevard, supermarkets, restaurants, shopping, and everyday amenities, with access to the Q26, Q27, and Q31 bus lines connecting to Downtown Flushing, the 7 subway line, and the Auburndale LIRR station.
A practical opportunity for investors seeking a mixed-use asset with existing income, additional income potential, flexible space, parking, and long-term value in an established Flushing neighborhood.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2026 | Listed by B Square Realty | $1,650,000 | |
| Listed by B Square Realty | |||
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About Northeastern Queens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017