-This property in the sought-after Flushing neighborhood of Murray Hill offers a unique investment opportunity, combining both commercial and residential spaces. Here's a detailed overview of its features and benefits: Property Details - **Structure**: Mixed-use building with three above-ground stories plus a finished basement. - **Commercial Space**: - **Location**: First floor features a commercial storefront. - **Residential Units**: - **Second Floor**: 4-bedroom, 1-bathroom apartment. - **Third Floor**: 3-bedroom, 1-bathroom apartment. - **Basement**: Serves as a storage area and houses the boiler room. - **Garage**: Parking available for two vehicles. Financial and Operational Highlights - **Utility Management**: All utility meters are separately metered, contributing to low operating costs. - **Return on Investment**: Strong potential for high returns, especially given the fully occupied status with reliable tenants. - **Occupancy Options**: The property can be delivered either occupied or vacant, providing flexibility for investors. Location Advantages - **Convenience**: Just one block from Northern Boulevard, offering easy access to daily amenities. - **Foot Traffic**: High visibility and foot traffic, beneficial for the commercial space. - **Proximity to Amenities**: - Restaurants, supermarkets, pharmacies, banks, and a post office are all nearby. - **Transportation Access**: - Multiple bus lines (Q12, Q13, Q26, Q27, Q28, Q65, N20G, N20X) and a 5-minute walk to the Long Island Rail Road (LIRR) station at 163rd Street and Northern Boulevard. Summary This mixed-use building is an excellent investment opportunity in a prime location, offering both commercial and residential rental income potential. The combination of reliable tenants, low operational costs, and convenient access to amenities and transportation enhances its appeal.

Property Details of 42-19 162nd Street

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 1, 2026 11:23 AM UTC. 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. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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