Two-Family
208-02 47th Avenue, Bayside, NY 11361
For Sale
New
$1,698,000
Pending
A finished basement has its own separate entrance and exit.
Property Size2,700 SF
Days on Market2
Property Features for 208-02 47th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
garage
Finished
4
Yes
5
Other
Public
No
2700
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(914) 788-6339
Listed By:
Brian Insdorf
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 1:40AM
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 Brian Insdorf
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Investment Insights
Based on property information with market context.
Built in 2025, this 2,700-square-foot two-family home has five bedrooms, two living rooms, and a finished basement with a separate entrance and exit. The first floor contains two bedrooms and a living room; the second floor has three bedrooms, a living room, and a kitchen. Two central air-conditioning systems and a garage are also included.
The property is at 208-02 47th Avenue in Bayside, with supermarkets, banks, and train stations described as nearby.
The property is at 208-02 47th Avenue in Bayside, with supermarkets, banks, and train stations described as nearby.
Key Highlights
- 2025 construction with 2,700 square feet of interior area
- Five bedrooms arranged across two floors
- Finished basement with separate entrance and exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 3.89%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,575
Businesses Nearby
Explore this area
Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
Median Home Value
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Market
Properties on Market for Duplexes in Bayside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement has its own separate entrance and exit.
Where is this duplex located?
The property is located at 208-02 47th Avenue Bayside, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: 2025 construction with 2,700 square feet of interior area; Five bedrooms arranged across two floors; Finished basement with separate entrance and exit
