Duplex with Detached
For Sale
$999,000
Pending
6117 165th Street, Fresh Meadows, NY 11365
Four-bedroom duplex with a full basement, outdoor space, and convenient access to major roads, parks, and bus service.
Property Size1,296 SF
Days on Market59
Property Features for 6117 165th Street
General Information
Standard status
Pending
Size
1,296 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,699
Building Details
Building Size
1,296 SF
Year Built
1920
Listing Agency:
Coldwell Banker American Homes
Listed By:
Zaina Mainali
(929) 204-6042
Source:
Barbieliteam
Added: Aug 10
Changed: Sep 27
Last Checked: Oct 7 at 6:48PM
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 Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
This duplex, built in 1920, includes four bedrooms, generously sized rooms, bright living areas, and dedicated dining spaces. A full basement expands the usable interior with room for laundry, storage, recreation, or future improvements. The property also includes outdoor space and a detached two-car garage that provides parking and additional storage.
Located at 6117 165th Street in Fresh Meadows, the property offers access to the Long Island Expressway and the Q17, Q65, Q74, and Q88 bus lines. Kissena Park and Cunningham Park are nearby, adding access to green space and recreational areas. The combination of substantial interior space, a full basement, detached garage, and transit connectivity supports a range of residential occupancy and improvement plans.
Located at 6117 165th Street in Fresh Meadows, the property offers access to the Long Island Expressway and the Q17, Q65, Q74, and Q88 bus lines. Kissena Park and Cunningham Park are nearby, adding access to green space and recreational areas. The combination of substantial interior space, a full basement, detached garage, and transit connectivity supports a range of residential occupancy and improvement plans.
Key Highlights
- Four‑bedroom duplex built in 1920
- Detached two‑car garage with parking and additional storage
- Full basement with laundry, storage, recreation, and improvement potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,680
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,600
$633.6K
Cap Rate 7%
$452,571
$452.6K
Cap Rate 9%
$352,000
$352.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$59.9K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.6K $44.44/SF
− OpEx
−$25.9K −$20.00/SF
NOI
$31.7K $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%
$633,600
Cap Rate 7%
$452,571
Cap Rate 9%
$352,000
Alternative Uses
Best Use
Apartment 5plus
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 3.17%
Second Best
Multifamily LT 5
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$955.4K
$836.0K – $1.11M
NOI $66,880 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,479
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom duplex with a full basement, outdoor space, and convenient access to major roads, parks, and bus service.
Where is this duplex located?
The property is located at 6117 165th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four‑bedroom duplex built in 1920; Detached two‑car garage with parking and additional storage; Full basement with laundry, storage, recreation, and improvement potential
