Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    207-04 42nd Avenue Bayside, NY 11361

    View on Map
    Pending
    $999,888

    MULTI_FAMILY - Bayside, NY

    Added:
    Dec 8, 2025
    Days on Market:
    114
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 207-04 42nd Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
    Parking
    1
    Parking features
    Garage
    Basement
    Finished
    Standard status
    Pending
    APN
    06271-0005

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    9767

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Deirdre A. Folan

    Listing agent Deirdre A. Folan

    Listing office Keller Williams Rlty Landmark 3255 Francis Lewis Blvd, Flushing, NY

    Listing date Dec 8, 2025

    MLS# 942127

    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.

    Overview

    Bayside All Brick Legal Duplex

    This all-brick, legal two-family property is located on a desirable block in the heart of Bayside. The main level is currently configured as a duplex, featuring a living room, dining room, kitchen, one bedroom, and one full bathroom. It also includes a finished basement used for storage and provides access to a one-car garage. The second floor offers a living room, dining room, kitchen, one bedroom, and one bathroom, along with stairs leading to an unfinished attic that presents expansion possibilities. The property features spacious rooms throughout and is conveniently located near transportation options, including the LIRR and buses, as well as the shopping and restaurants of Bell Boulevard and Northern Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayside
    County
    Queens
    State
    New York
    Longitude
    -73.777379
    Latitude
    40.761046

    Nearby Similar for Sale

    • $10,988,000

      Modern Commercial Portfolio on Northern Boulevard

      Three-building commercial portfolio with high visibility and upside potential.
      210-08/12 Northern Boulevard, Bayside, NY 11361
      View Details
    • $1,538,888

      Bayside Two-Family Brick Home

      Well-maintained two-family home in the heart of Bayside.
      210-08 41st Avenue, Bayside, NY 11361
      View Details
    • $2,190,000

      Bayside Two-Family Home For Sale

      Two-family home in Bayside, rebuilt in 2017, near LIRR.
      39-12 215TH Place, Bayside, NY 11361
      View Details
    • $1,988,000

      Spacious Two-Family Home, Bayside

      Detached, rebuilt two-family home in North Bayside.
      208-04 35th Avenue, Bayside, NY 11361
      View Details
    • $1,628,000

      Bayside Legal Two-Family Home

      Well-maintained two-family with triplex, rental unit, garages, near amenities.
      21540 23rd Avenue, Bayside, NY 11360
      View Details
    • $2,588,000

      New Bayside Three-Family Residence

      New three-family residence near LIRR, stores, restaurants, and Manhattan.
      37-08 Francis Lewis Boulevard, Bayside, NY 11361
      View Details
    • $998,000

      Two-Family Townhouse in Bayside

      Two-family townhouse in Oakland Gardens, Bayside, offering income potential.
      5840 206th Street, Bayside, NY 11364
      View Details
    • $2,199,999

      Bayside Two-Family Residence For Sale

      Two-family residence with water views, suitable for flexible living.
      23-10 Waters Edge Drive, Bayside, NY 11360
      View Details
    • $1,299,000

      Bayside Three-Family Property

      Legally established three-family property in Bayside, School District 26.
      211-14 46th Avenue, Bayside, NY 11361
      View Details
    • $1,045,000

      Bayside Multifamily Investment Opportunity

      Two 1-bedroom units in excellent Bayside location.
      20410 42nd Avenue, Bayside, NY 11361
      View Details
    • $1,878,888

      Renovated Bayside Two-Family Home

      Spacious, renovated two-family home in Bayside, close to transportation.
      39-26/24 213Th Street, Bayside, NY 11361
      View Details
    • $1,450,000

      Renovated Bayside Two-Dwelling Home

      Meticulously renovated home with expansion opportunities in a sought-after location.
      224-01 59TH Avenue, Bayside, NY 11364
      View Details

    FAQs

    What type of property is this?
    Duplex - Legal 2-family in the heart of Bayside, convenient to transportation.
    Where is this duplex located?
    The property is located at 207-04 42nd Avenue Bayside, NY.
    What is the asking price?
    The asking price for this property is $999,888.
    What are key features of this property?
    This property features: Legal 2‑family brick construction in Bayside.; Duplex layout on the main level with finished basement and garage access.; Convenient access to transportation (LIRR & buses).
    (917) 251-4499
    We can help!
    Listing Contact
    Deirdre A. Folan
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!