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    37-02 Francis Lewis Blvd Bayside, NY 11361

    Sponsored
    For Sale
    $2,488,000

    Luxury Bayside 3-family, high returns.

    Property size:
    3,257 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    329
    Exceptional investment opportunity in Bayside, NY, presents a brand-new, three-family home, completed in 2024. This legal three-family residence boasts a prime location just two blocks from the Long Island Rail Road, providing easy access to Manhattan and surrounding areas. The property features three units: a spacious duplex (Unit 1) with a private backyard and parking, offering approximately 1,806 square feet of living space (including a 903 sq ft cellar); a 3-bedroom, 1.5-bath unit (Unit 2) with two private balconies, totaling approximately 986 square feet; and a luxurious 3-bedroom duplex penthouse (Unit 3) featuring approximately 1,393 square feet of living space, high cathedral ceilings, two balconies, and a private terrace. All units are currently 100% occupied. The building's construction incorporates energy-efficient features such as 12-inch thick walls, extra insulation, and double-pane windows, promising reduced operating costs and a comfortable living environment. The total square footage is 3,257, spread across three stories. This property offers a compelling combination of location, modern amenities, and strong rental potential, making it an ideal investment for owner-users seeking high returns. The asking price is $2,488,000. Under-construction pricing expires March 1st.

    Property Features for 37-02 Francis Lewis Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,257 SF
    Class
    C

    Building Details

    Year Built
    2024
    Buildings
    3
    Stories
    3

    HighLights

    • $2,488,000 asking price.
    • New construction, legal three‑family in Bayside, NY.
    • 3,257 square feet, 100% occupancy.
    • Three‑story building, built in 2024.
    • Located two blocks from the Long Island Rail Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bayside
    County
    Queens
    State
    New York
    Longitude
    -73.7858063
    Latitude
    40.7629087

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Bayside 3-family, high returns.
    Where is this multifamily property located?
    The property is located at 37-02 Francis Lewis Blvd Bayside, NY.
    What is the asking price?
    The asking price for this property is $2,488,000.
    What are key features of this property?
    This property features: $2,488,000 asking price.; New construction, legal three-family in Bayside, NY.; 3,257 square feet, 100% occupancy.
    Request Owner's contact information
    37-02 Francis Lewis Blvd Bayside, NY 11361
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    Realmo Value Estimation

    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.

    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.

    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
    37-02 Francis Lewis Blvd Bayside, NY 11361
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