45-38 162nd Street
Mixed Use | 2,600 SqFt
Marketing description
Cushman & Wakefield has been exclusively retained by Ownership to market for sale 45-38 162nd Street in Flushing, Queens (the "Property" or "Site"). The offering consists of a 4,000 square foot lot (40' x 100'), currently improved with a two-story mixed-use building comprising approximately 2,600 gross square feet, featuring one residential unit over one ground-floor retail store.
The Site is zoned R5B with a C2-2 Commercial Overlay, allowing for approximately 8,000 buildable square feet as-of-right, with approximately 5,400 square feet of air rights available above the existing improvements. Allowing for up to 6,000 BSF of residential use and 2,000 BSF of commercial use. Delivered vacant, the Property offers immediate flexibility for end-users, investors, and developers — eliminating the complexities of tenant displacement and allowing for a seamless transition to the next phase of ownership.
Strategically located in Flushing, the Property benefits from outstanding transit connectivity, with access to multiple subway and bus lines providing direct service throughout Queens, Manhattan, and the broader metropolitan area. The surrounding neighborhood offers a dense and diverse retail environment, strong residential demand fundamentals, and continued momentum from both private and public investment.
Investment highlights
- 2,600 SF Commercial Building
- 8,000 BSF Buildable
- R5B (C2-2) Zoning
- Delivered Vacant
- ±8,000 BSF / ±5,400 SF Air Rights Available
- Up to 6,000 BSF of residential use and 2,000 BSF of commercial use
- Outstanding transit connectivity with access to multiple subway and bus lines
- Dense and diverse retail environment
- Strong residential demand fundamentals
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