BEDS5
BATHS4 full
SQUARE FEET3,100
MLS#1019438
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLQueens 25
Property Description
Investment & End-User Opportunity in Prime East Flushing. Rare opportunity to own a versatile, income-producing property on a premium 60' ?? 100' corner lot with approximately 7,000 SF of level land directly across from Kissena Park. The ground floor is occupied by a well-established New York City-listed Pre-K & 3-K daycare center that has successfully operated for over 10 years, providing stable rental income and long-term investment potential. Purpose-built for childcare, the property features a secure fenced playground, a large covered outdoor activity area, and owner access during evenings and weekends. Recent upgrades include two brand-new boilers, separate gas and electric meters, and renovated kitchens and bathrooms. The upper level offers a spacious 1,400 SF residence with 3 bedrooms, 2 full bathrooms, a dedicated kitchen, and dining area, while the fully finished 1,400 SF basement provides additional storage and flexible space. A private 4-car driveway and 2-car garage complete this exceptional property. Surrounded by a safe residential neighborhood with convenient transportation, multiple bus lines, and vibrant local shopping, this is a rare opportunity to enjoy owner occupancy, dependable cash flow, and long-term appreciation in one of East Flushing's most desirable locations. Financials and daycare operation details available upon request.
Property Features
Property Type: Residential - Single Family
Basement: Full
Basement: Yes
Cooling: Electric
Garage: 2
Heating: Natural Gas
Home Style: Colonial
Lot Size: 0.16 Acres
Taxes: $17,690
Year Built: 1931
Amenities
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Walk-In Closet(s)
Feature Descriptions
Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
Attic: Pull Stairs
Building Area Total: 3100
Exterior: Brick
Formal Dining: Yes
GarageY/N: Yes
Heating Zones: 2
On Market Date: 2026-06-28
Parcel Number: 05492-0008
Parking Features: Detached, Driveway
Parking Total: 6
Rental Term: Monthly
Rooms Total: 11
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
High School: East-West School Of International Studies
Middle School: Is 237
Elementary School: Ps 107 Thomas A Dooley
School District: Queens 25
Estimate Your Payment
Estimated Payment
$ 12,117.11 per month $10,062.52 Principal & Interest $1,474.17 Property Tax $580.42 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Lin Pan Realty Group LLC
Agency Contact: 917-902-3898
Shown By
Agent Name: Michele Librett-lawlor
Agent Phone: (516) 418-3333
Agency Title: Coldwell Banker American Homes
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47-49 162nd Street | MLS# 1019438
This single family home located at 47-49 162nd Street, Flushing, NY 11358 is currently listed for sale with an asking price of $1,990,000. This property was built in 1931 and has 5 bedrooms and 4 full baths with 3100 sq. ft. 47-49 162nd Street is located within the Queens 25 school district. Search Flushing real estate on michelelibrettlawlor.cbamhomes.com today.