Triplex with Private
For Sale
$2,599,999
5716 163rd Street, Fresh Meadows, NY 11365
All three residences have in-unit laundry, ductless heating and cooling, and contemporary interior finishes.
Property Size3,300 SF
Price / SF$787.88
Days on Market9
Property Features for 5716 163rd Street
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$145,200
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,500
Amenities
Hardwood and Tile Floors
Quartz Countertops
Stainless Steel Appliances
Private Balconies
Ductless Heating/Cooling
Laundry In Each Unit
Eat-in Kitchen
Building Details
Building Size
3,300 SF
Year Built
2019
Stories
4
Units
4
Listing Agency:
Compass Greater NY LLC
Listed By:
Michael Matrisciano PSA · License #10301217456
(516) 229-1307
Source:
Georgemcknight
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Greater NY LLC
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Investment Insights
Based on property information with market context.
This three-family property in Fresh Meadows was built in 2019 and contains 3,300 square feet across four levels. Interior details include hardwood and tile flooring, quartz countertops, and stainless steel appliances. Each unit has laundry and ductless heating and cooling, with private balconies serving the residences. A finished lower level has two exterior entrances.
The building is fully occupied and located at 5716 163rd Street in Fresh Meadows, New York. Its three-unit configuration and individual laundry facilities are among the property's key physical features.
The building is fully occupied and located at 5716 163rd Street in Fresh Meadows, New York. Its three-unit configuration and individual laundry facilities are among the property's key physical features.
Key Highlights
- Three‑family property with 3,300 square feet
- Built in 2019
- Four levels, including a finished lower level with two outside entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,667
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,340
$1.6M
Cap Rate 7%
$1,152,386
$1.2M
Cap Rate 9%
$896,300
$896.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$152.5K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$146.7K $44.44/SF
− OpEx
−$66.0K −$20.00/SF
NOI
$80.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,340
Cap Rate 7%
$1,152,386
Cap Rate 9%
$896,300
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,667 @ 7.0% cap · market cap 3.10%
Second Best
Multifamily LT 5
$780.3K
$682.8K – $910.3K
NOI $54,620 @ 7.0% cap · market cap 2.10%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have in-unit laundry, ductless heating and cooling, and contemporary interior finishes.
Where is this triplex located?
The property is located at 5716 163rd Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $2,599,999.
What are key features of this property?
This property features: Three‑family property with 3,300 square feet; Built in 2019; Four levels, including a finished lower level with two outside entrances
