Mixed-Use Brick Building with
6111 159th Street Fresh Meadows, NY 11365
6111 159th Street, Fresh Meadows, NY, 11365
$1,880,000
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 Market47
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
70 E Sunrise Hwy Ste 500, Hauppauge, NY
Listed by
Xingye Fu
(516) 336-9417
Added: Jun 2 Checked: Jul 18 at 4:06 am
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.
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
- Built in 2008 brick semi‑detached mixed‑use property with 3,456 SF across three stories plus a full basement
- Zoned R4; first floor community facility, second floor 4BD/2BA residence, third floor 3BD/2BA apartment
- Energy STAR qualified split‑system A/C (updated in 2025) plus baseboard heating
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 Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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: Built in 2008 brick semi‑detached mixed‑use property with 3,456 SF across three stories plus a full basement; Zoned R4; first floor community facility, second floor 4BD/2BA residence, third floor 3BD/2BA apartment; Energy STAR qualified split‑system A/C (updated in 2025) plus baseboard heating
