New Three-Family
37-06 Francis Lewis Boulevard Bayside, NY 11361
37-06 Francis Lewis Boulevard, Bayside, NY, 11361
$2,198,000
Pending
For Sale
$2,198,000
Pending
Legal three-family, five-floor building with 5-floor layout and 831 sq ft cellar for added storage versatility.
Property Size3,025 SF
Days on Market589
Property Features for 37-06 Francis Lewis Boulevard
General Information
- Standard status
- Pending
- Size
- 3,025 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2024
Listing agency
Luxian International Realty
(917) 567-8767
Listed by
Luciane R. Serifovic ABR · License #10491208575
(917) 567-8767
Source
Exitrealty
Added: Dec 10, 2024 Updated: Jul 22 at 4:03AM Checked: Jul 22 at 4:03AM
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 Luxian International Realty
Investment Insights
Based on property information with market context.
Newly constructed legal three-family residence at 37-06 Francis Lewis Boulevard, Bayside, NY, built as a five-floor property with a total interior space of 3,025 sq ft and an 831 sq ft cellar.
Unit #1 is a first-floor 1-bedroom duplex with 1.5 baths, spanning 1,662 sq ft (831 sq ft plus 831 sq ft cellar) and including a large backyard. Unit #2 occupies the second floor with a 911 sq ft layout featuring 3 bedrooms and two balconies. Unit #3 is the third-floor duplex with 1,280 sq ft of living space, high cathedral ceilings, and 3 bedrooms, plus an additional 369 sq ft fourth-floor loft with two balconies and a private terrace.
The property is described as being about two blocks from the Long Island Rail Road and positioned near stores and restaurants, with access to the area’s broader connection to Manhattan.
Unit #1 is a first-floor 1-bedroom duplex with 1.5 baths, spanning 1,662 sq ft (831 sq ft plus 831 sq ft cellar) and including a large backyard. Unit #2 occupies the second floor with a 911 sq ft layout featuring 3 bedrooms and two balconies. Unit #3 is the third-floor duplex with 1,280 sq ft of living space, high cathedral ceilings, and 3 bedrooms, plus an additional 369 sq ft fourth-floor loft with two balconies and a private terrace.
The property is described as being about two blocks from the Long Island Rail Road and positioned near stores and restaurants, with access to the area’s broader connection to Manhattan.
Key Highlights
- Legal three‑family, five‑floor building built in 2024 with 3 units and 3025 sq ft total interior space
- Includes an 831 sq ft cellar for added storage and versatility (Unit #1 totals 1,662 sq ft with 831 sq ft cellar)
- Unit #1: first‑floor 1‑bedroom duplex with 1.5 baths, 1,662 sq ft total, and a large backyard
Local Financial Insights For Apartment 5plus
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 | $139.8k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $134.4k | $44.44 |
| − OpEx | −$60.5k | −$20.00 |
| NOI | $73.9k | $24.44 |
3,025 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$924.3K – $1.23M
NOI $73,944 @ 7.0% cap · market cap 3.36%
Second Best
Multifamily LT 5
$715.3K
$625.9K – $834.5K
NOI $50,069 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,105 @ 7.0% cap · market cap 7.10%
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 - Legal three-family, five-floor building with 5-floor layout and 831 sq ft cellar for added storage versatility.
Where is this triplex located?
The property is located at 37-06 Francis Lewis Boulevard Bayside, NY.
What is the asking price?
The asking price for this property is $2,198,000.
What are key features of this property?
This property features: Legal three‑family, five‑floor building built in 2024 with 3 units and 3025 sq ft total interior space; Includes an 831 sq ft cellar for added storage and versatility (Unit #1 totals 1,662 sq ft with 831 sq ft cellar); Unit #1: first‑floor 1‑bedroom duplex with 1.5 baths, 1,662 sq ft total, and a large backyard
