Updated Mixed-Use Building with
6111 159th Street, Fresh Meadows, NY 11365
New
MULTI_FAMILY - Contemporary - Fresh Meadows, NY
Property size:
3,456 SFLot size:
0.06 AcresPrice / SF:
$543/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 2 at 11:06 pm
Property Features for 6111 159th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Dining Room, Bedroom 4, Basement, Bathroom 5, Bedroom 6, Bedroom 9, Bathroom 1, Bedroom 8, Bathroom 6, Bedroom 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, Finished, Walk-Out Access
- 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 agent Xingye Fu (516) 336-9417
Listing office EXP Realty 70 E Sunrise Hwy Ste 500, Hauppauge, NY (888) 276-0630
Listing date Jun 2, 2026
MLS# 1008145
Listing URL
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.
HighLights
- Built in 2008 brick semi‑detached mixed‑use building with 3,456 SF interior space across three stories plus a full basement
- Zoned R4; consists of 2 residential units plus a first‑floor community facility suited for medical/educational or other approved uses
- Second floor offers a 4‑bedroom, 2‑bath residence; third floor offers a 3‑bedroom, 2‑bath apartment
- High ceilings throughout; first floor includes built‑in features, eat‑in kitchen, and formal dining; balcony and huge private terrace
- Three separate boilers and three hot water tanks for multi‑occupant operation
- Updated in 2025: new split‑system air conditioning units in most units; also includes an attached garage plus 3 parking spaces
Overview
Built in 2008, this solid brick semi-detached mixed-use property features a steel and concrete structure and is configured across three stories plus a full basement. With approximately 3,456 square feet of interior space, including 1,152 square feet per floor, the building offers high ceilings throughout for a bright, open feel. The first floor is set up as a community facility and can support uses such as a medical office or professional practice, subject to applicable approvals. The second floor includes a spacious 4-bedroom, 2-bathroom residence, and the third floor offers a 3-bedroom, 2-bathroom apartment, each designed for comfortable everyday living.
The property is zoned R4 and sits near Kissena Boulevard in a Flushing area location with convenient transit access. Bus service via the Q17 and Q25 lines provides direct connectivity to Downtown Flushing and the Main Street subway station.
This is an attractive fit for investors seeking modern, income-producing versatility, or for owner-users who want to pair a flexible first-floor footprint with two income-generating residences. Many areas were extensively updated in 2025, including new split-system air conditioning units, and the building is supported by three separate boilers and three hot water tanks for efficient operation. Additional conveniences include an attached garage plus three parking spaces.
The property is zoned R4 and sits near Kissena Boulevard in a Flushing area location with convenient transit access. Bus service via the Q17 and Q25 lines provides direct connectivity to Downtown Flushing and the Main Street subway station.
This is an attractive fit for investors seeking modern, income-producing versatility, or for owner-users who want to pair a flexible first-floor footprint with two income-generating residences. Many areas were extensively updated in 2025, including new split-system air conditioning units, and the building is supported by three separate boilers and three hot water tanks for efficient operation. Additional conveniences include an attached garage plus three parking spaces.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Fresh Meadows
- County
- Queens
- State
- New York
- Longitude
- -73.809135
- Latitude
- 40.73816
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story semi-detached building combines community facility space with two rental residences and a private terrace.
Where is this mixed-use property 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: Built in 2008 brick semi‑detached mixed‑use building with 3,456 SF interior space across three stories plus a full basement; Zoned R4; consists of 2 residential units plus a first‑floor community facility suited for medical/educational or other approved uses; Second floor offers a 4‑bedroom, 2‑bath residence; third floor offers a 3‑bedroom, 2‑bath apartment
