47-49 162nd Street, New York, NY, 11358
$1,890,000
activeBedrooms
5
Bathrooms
4
Sq Ft
3,100
Lot Size
7,000 sqft
Year Built
1931
Garage
2 car
Type
Single Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Xing Zheng, Lin Pan Realty Group LLC
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Oct 30, 2026, 4:02 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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