Duplex with Finished
208-04 47th Avenue, Bayside, NY 11361
For Sale
New
$1,698,000
Pending
The two-family layout includes separate basement access, central air conditioning, a garage, and four parking spaces.
Property Size2,700 SF
Days on Market3
Property Features for 208-04 47th Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
Finished
Brick
4
Yes
5
Other
Public
2
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 9
Last Checked: Nov 8 at 11:24PM
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 duplex is arranged as two separate living areas. The first floor has two bedrooms and a living room, while the second floor includes three bedrooms, a living room, and a kitchen. The finished basement has its own separate entrance and exit. Central air conditioning is provided by two units, and the property includes a garage and four parking spaces.
The home is at 208-04 47th Avenue in Bayside, with supermarkets, banks, train stations, and the LIRR identified in the surrounding area.
The home is at 208-04 47th Avenue in Bayside, with supermarkets, banks, train stations, and the LIRR identified in the surrounding area.
Key Highlights
- Newly built in 2025
- Two‑family layout with five bedrooms across the first and second floors
- Finished basement with separate entrance and exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,719
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,380
$1.3M
Cap Rate 7%
$953,129
$953.1K
Cap Rate 9%
$741,322
$741.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$103.7K $38.40/SF
− Vacancy
−$8.4K −$3.10/SF
EGI
$95.3K $35.30/SF
− OpEx
−$28.6K −$10.59/SF
NOI
$66.7K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,380
Cap Rate 7%
$953,129
Cap Rate 9%
$741,322
Alternative Uses
Best Use
Multifamily LT 5
$953.1K
$834.0K – $1.11M
NOI $66,719 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 3.89%
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
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 - The two-family layout includes separate basement access, central air conditioning, a garage, and four parking spaces.
Where is this duplex located?
The property is located at 208-04 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: Newly built in 2025; Two‑family layout with five bedrooms across the first and second floors; Finished basement with separate entrance and exit
