by RH Advisors

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$1,890,000
● House - For Sale

47-49 162nd Street

New York, NY 11358
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,100 Ft²
$10,755
Est. Monthly

About This Property

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 established 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.
Unit Size
3,100 Ft²
Days on Market
11 days
Land Size
0.14 acres
Price per sqft
$610
Property Type
House
Property Taxes
$1,474
HOA Dues
-
Year Built
1931

Listed By

Xing Zheng
Lin Pan Realty Group LLC

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Last updated: 11 days ago (OneKey MLS #KEY1068642)

Price History

Date / Event Date Event Price
Oct 30, 2026 Listed by Lin Pan Realty Group LLC $1,890,000
Listed by Lin Pan Realty Group LLC
Jan 25, 2013 Sold
Sold

Property Highlights

Garage
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Driveway
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Eat-in Kitchen, Walk-In Closet(s), First Floor Full Bath, Formal Dining
Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
Rooms: 11
Basement: Full
Exterior Details
Square Footage: 3100
Property Condition: Updated/Remodeled
Architectural Style: Colonial
Year Built: 1931
Levels: Two
Building Area Units: Square Feet
Construction Materials: Brick
Lot Size Area: 7000
Lot Size Units: Square Feet
Lot Size Acres: 0.1377
Lot Size Square Feet: 7000
Tax Lot: 8
Water Source: Public
Financial Details
Tax Annual Amount: $17,690
Utilities Details
Cooling Type: Electric
Heating Type: Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1931
  • Building Count: 2
  • Floor Count: 2
  • Total Unit Count: 1
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 6,000
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 60
  • Building Depth: 30
  • Building Frontage: 56
  • Gross Building Area: 2,880

    Building Floor Area

  • Commercial Building Floor Area: 2,880
  • Other Building Floor Area: 2,880

    Floor Area Ratio

  • Residential Floor Area Ratio: 1
  • Facilities Floor Area Ratio: 1

Building

  • Building Type: W9
  • Lot Type: 3
  • Land Use: 08
  • Irregular Lot Code: N
  • Extension Code: N

Neighborhood

  • Community District: 407
  • City Council District: 20
  • Police Precinct: 109
  • Fire Company: E274
  • Health Area: 1320
  • Sanitation District Borough: 4
  • Sanitation Subsection: 4E
  • School District: 25

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R2A

Geography

  • Borough Name: QN
  • Borough Code: 4
  • Block: 5492
  • Lot: 8
  • Borough Block Lot: 4054920008

    Address

  • Full Address: 47-49 162 Street
  • Zip Code: 11358

Valuation

    Assessments Valuation

  • Assessed Total Value: $278,550
  • Assessed Land Value: $86,400

    Exemptions

  • Exempt Total Value: $0
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 47-49 162nd Street built and last sold?
The property at 47-49 162nd Street was built in 1931 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 47-49 162nd Street is $1,908,900.
What are some comparable homes to 47-49 162nd Street?
There are currently no comparable homes to 47-49 162nd Street.