Devi Rameshwar
Licensed Salesperson
REALTOR®
BEDS5
BATHS4 full
SQUARE FEET3,100
MLS#1068642
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLQueens 25
Property Description
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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
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
Exterior: Brick
Formal Dining: Yes
GarageY/N: Yes
Heating Zones: 2
On Market Date: 2026-10-30
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
$ 11,582.29 per month $9,556.87 Principal & Interest $1,474.17 Property Tax $551.25 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: Devi Rameshwar
Agent Phone: Cell: (347) 319-2792
Agency Title: Coldwell Banker American Homes
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47-49 162nd Street | MLS# 1068642
This single family home located at 47-49 162nd Street , Flushing, NY 11358 is currently listed for sale with an asking price of $1,890,000. 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 devirameshwar.cbamhomes.com today.