Mixed-Use Brick Building with
6111 159th Street Fresh Meadows, NY 11365
For Sale
$1,880,000
MULTI_FAMILY - Contemporary - Fresh Meadows, NY
Property Size3,456 SF
Lot Size0.06 Acres
Price / SF$543.98
Days on Market58
Property Features for 6111 159th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
7
Rooms
Bedroom 4, Bathroom 6, Bedroom 5, Bedroom 8, Basement, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 5, Dining Room, Bedroom 1, Bedroom 2, Bedroom 9, Bedroom 7, Bathroom 3, Bathroom 7
Parking features
On Street, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Built-in Features, Eat-in Kitchen, Formal Dining, High Ceilings
Exterior features
Balcony
Basement
Full, Walk-Out Access, Finished
Standard status
Active
APN
06754-0066
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12116
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
ENERGY STAR Qualified Equipment
Water source
Public
Building Details
Year built
2008
Number of units
3
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Xingye Fu
(516) 336-9417
Added: Jun 2
Changed: Jul 17
Last Checked: Jul 29 at 10:06PM
MLS# 1008145
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2008, this solid brick semi-detached mixed-use property features a durable steel and concrete structure with three stories plus a full basement. The building is configured with a first-floor community facility, while the second floor offers a 4-bedroom, 2-bathroom residence and the third floor provides a 3-bedroom, 2-bathroom apartment. High ceilings run throughout, and a huge private terrace adds valuable outdoor space. The property is equipped with three separate boilers and three hot water tanks, supporting convenient operation for multiple occupants.
Zoned R4, the first floor is described as suitable for a medical office, professional practice, educational use, or other approved commercial purposes. The listing also notes an attached garage plus 3 parking spaces. Most units were extensively updated in 2025 with new split-system air conditioning units.
Located near Kissena Boulevard, the property is served by the Q17 and Q25 bus lines with direct access to Downtown Flushing and the Main Street subway station. The building footprint is reported as 16' x 72', with approximately 3,456 square feet of interior space, including 1,152 square feet per floor.
Zoned R4, the first floor is described as suitable for a medical office, professional practice, educational use, or other approved commercial purposes. The listing also notes an attached garage plus 3 parking spaces. Most units were extensively updated in 2025 with new split-system air conditioning units.
Located near Kissena Boulevard, the property is served by the Q17 and Q25 bus lines with direct access to Downtown Flushing and the Main Street subway station. The building footprint is reported as 16' x 72', with approximately 3,456 square feet of interior space, including 1,152 square feet per floor.
Key Highlights
- 2008‑built solid brick semi‑detached mixed‑use property with approx. 3,456 SF across three stories plus a full basement (1,152 SF per floor).
- Zoned R4 and configured as 2 residential units plus a community facility; first floor suited for medical/professional/educational or other approved commercial uses.
- Second floor features a 4‑bedroom, 2‑bath residence; third floor offers a 3‑bedroom, 2‑bath apartment.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.2k | $50.40 |
| − Vacancy | −$22.5k | −$6.50 |
| EGI | $151.7k | $43.90 |
| − OpEx | −$37.9k | −$10.97 |
| NOI | $113.8k | $32.92 |
3,456 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,785 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,480 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,346 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Built in 2008, this three-story semi-detached property includes two residences and a community facility with updated split-system AC.
Where is this triplex located?
The property is located at 6111 159th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: 2008‑built solid brick semi‑detached mixed‑use property with approx. 3,456 SF across three stories plus a full basement (1,152 SF per floor).; Zoned R4 and configured as 2 residential units plus a community facility; first floor suited for medical/professional/educational or other approved commercial uses.; Second floor features a 4‑bedroom, 2‑bath residence; third floor offers a 3‑bedroom, 2‑bath apartment.
