47-49 162nd Street, Flushing, NY 11358

• 3,100 sqft

Property Description

Investment + End-User Opportunity in Prime East Flushing! This rare two-story brick property sits on a quiet corner lot along Oaks Ave, directly across from Kissena Park. Fully renovated and offering approximately 3,100 sq ft of interior space plus a 1,400 sqft full basement, it combines strong rental income with long-term upside. The ground floor features a well-established daycare center that has been successfully operating for over 10 years, generating a steady $6,000/month income, with a full enrollment and a waiting list. The lease is about to renew with a decent increase is expected. The upper level provides 3 bed 2 bath residential with dedicated kitchen and dining area, ideal for personal use or additional rental income. Upgrades include brand new boilers, separate gas and electric meters, and recently renovated kitchens and bathrooms. The property also benefits from reduced property taxes. Located in the heart of East Flushing, the property is surrounded by convenient transportation, multiple bus lines, and vibrant local shops. Additional features include a detached garage, 4 parking spaces, and easy street parking. A rare opportunity offering stable cash flow, prime location, and turnkey condition.

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 10:22PM

Listing Office:

Lin Pan Realty Group LLC : 917-902-3898

MLS ID:

991380

Interior

• Basement: Full
• A/C: Electric
• Heating: Natural Gas

Exterior

• Parking: Parking spaces: 6

Location

• Originating MLS: onekey2
• County: Queens

Lot

• Zoning: R2A05492-0008

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2