Three-Family Brick
For Sale
$2,288,888
6152 170th Street, Fresh Meadows, NY 11365
Residential Income, Fresh Meadows, NY
Property Size3,402 SF
Lot Size0.09 Acres
Price / SF$672.81
Days on Market93
Property Features for 6152 170th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Bedroom 3, Bedroom 9, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bathroom 6, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Interior features
First Floor Bedroom, First Floor Full Bath, Open Kitchen
Basement
Full, Walk-Out Access, Storage Space, Finished
Elementary school
Ps 173 Fresh Meadows
Middle school
Jhs 216 George J Ryan
High school
Francis Lewis High School
Elementary school district
Queens 26
Middle school district
Queens 26
High school district
Queens 26
Directions
see google map.
Standard status
Active
APN
06897-0001
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15779
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2004
Number of units
3
Building materials
Block
Listing Agency:
Century Homes Realty Group LLC · EXIT Realty
(718) 886-6800
Listed By:
Dong Zheng
(917) 703-6823
Added: Jun 2
Changed: Sep 1
Last Checked: Sep 2 at 12:06PM
MLS# 1007813
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 2004, this three-family brick triplex contains 3,402 square feet on a 40-by-100-foot lot. Each residence has a full kitchen and full bathroom, with layouts that benefit from natural light. Interior features include an open kitchen, a first-floor bedroom, and a first-floor full bath. The finished basement adds usable storage or activity space, while natural-gas baseboard heat and wall or window cooling serve the building. Public water and sewer are available.
A private driveway accommodates multiple vehicles, and the property includes a rear yard. The home is located near Q17 and Q88 bus service, with access to the Long Island Expressway and Grand Central Parkway. Fresh Meadows Shopping Center, supermarkets, dining, and Kissena Park are nearby. The property is zoned for PS173, JHS216, and Francis Lewis High School. Two units are generating income, creating an owner-occupancy configuration with additional rental use.
A private driveway accommodates multiple vehicles, and the property includes a rear yard. The home is located near Q17 and Q88 bus service, with access to the Long Island Expressway and Grand Central Parkway. Fresh Meadows Shopping Center, supermarkets, dining, and Kissena Park are nearby. The property is zoned for PS173, JHS216, and Francis Lewis High School. Two units are generating income, creating an owner-occupancy configuration with additional rental use.
Key Highlights
- Three‑family brick triplex built in 2004
- 3,402‑square‑foot building on a 40x100 lot
- Finished basement with additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,160
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,663,200
$1.7M
Cap Rate 7%
$1,188,000
$1.2M
Cap Rate 9%
$924,000
$924.0K
Market Conditions
NOI Build-Up for 3,402 SF
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.
Gross rent
$157.2K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$151.2K $44.44/SF
− OpEx
−$68.0K −$20.00/SF
NOI
$83.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,663,200
Cap Rate 7%
$1,188,000
Cap Rate 9%
$924,000
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 3.63%
Second Best
Multifamily LT 5
$804.4K
$703.9K – $938.5K
NOI $56,309 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$2.51M
$2.19M – $2.93M
NOI $175,560 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,540
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - The property offers finished lower-level space, private parking, and a rear yard for outdoor use.
Where is this triplex located?
The property is located at 6152 170th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $2,288,888.
What are key features of this property?
This property features: Three‑family brick triplex built in 2004; 3,402‑square‑foot building on a 40x100 lot; Finished basement with additional usable space
