Two-Family with Ground-Floor
5927 159TH ST Flushing, NY 11365
For Sale
$1,880,000
Two-family residence with a first-floor commercial unit, renovated in 2008, plus a walk-in basement and two parking spaces.
Property Size3,419 SF
Lot Size0.06 Acres
Price / SF$549.87
Days on Market316
Property Features for 5927 159TH ST
General Information
- Standard status
- Active
- Size
- 3,419 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1955
Listing Agency:
E Realty International Corp
(646) 678-9555
Listed By:
Vivian Lam · License #10301221834
(646) 678-9555
Source:
Xome
Added: Sep 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:22PM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This property is a two-family residence with a first-floor commercial unit, built with separate living levels above. The second floor features four bedrooms and two bathrooms and includes a large terrace. The third floor offers three bedrooms and two bathrooms. A walk-in basement is included, along with two parking spaces that are currently used for other purposes. The building was renovated in 2008.
Located at 5927 159TH ST, FLUSHING, NY 11365 on the border of Flushing and Fresh Meadows and near Queens College, the property has buses right downstairs. A supermarket and laundromat are directly across the street.
Additional reported figures include a lot size of 2,425 square feet, a building size of 3,428 square feet, and annual property taxes of $12,265.
Located at 5927 159TH ST, FLUSHING, NY 11365 on the border of Flushing and Fresh Meadows and near Queens College, the property has buses right downstairs. A supermarket and laundromat are directly across the street.
Additional reported figures include a lot size of 2,425 square feet, a building size of 3,428 square feet, and annual property taxes of $12,265.
Key Highlights
- Two‑family residence plus a first‑floor commercial unit
- Renovated in 2008
- Building size of 3,428 SF on a 2,425 SF lot
Financial Insights For Apartment 5plus
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 | $158.0k | $46.20 |
| − Vacancy | −$6.0k | −$1.76 |
| EGI | $152.0k | $44.44 |
| − OpEx | −$68.4k | −$20.00 |
| NOI | $83.6k | $24.44 |
3,419 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,575 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$871.8K
$762.9K – $1.02M
NOI $61,029 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,437 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family residence with a first-floor commercial unit, renovated in 2008, plus a walk-in basement and two parking spaces.
Where is this duplex located?
The property is located at 5927 159TH ST Flushing, 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: Two‑family residence plus a first‑floor commercial unit; Renovated in 2008; Building size of 3,428 SF on a 2,425 SF lot
