New Bayside Two-Family
For Sale
$1,698,000
Pending
208-04 47th Ave, Queens, NY 11361
New construction two-family home in Bayside, move-in ready.
Property Size2,700 SF
Lot Size0.06 Acres
Days on Market314
Property Features for 208-04 47th Ave
General Information
Standard status
Pending
Size
2,700 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,481
Building Details
Building Size
2,700 SF
Year Built
2025
Units
2
Listing Agency:
E Realty International Corp
Listed By:
Xiao H. Chen · License #10401299357
(646) 508-9880
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 7 at 1:48PM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This is a newly built two-family home constructed in 2025, situated on a quiet, tree-lined street in Bayside. The property features 5 bedrooms and 5 bathrooms. The home is designed to maximize natural light, with a separate entrance and exit in the basement. The first floor includes 2 bedrooms, a living room, and 2 bathrooms. The second floor features 3 bedrooms, a living room, a kitchen, and 2 bathrooms. The basement receives ample sunlight. The property includes two central air conditioning units, a one-car garage, and four parking spaces. It is located near supermarkets, banks, and train stations, including the LIRR. The property is suitable for both investment and self-use.
Key Highlights
- Brand new construction (2025) in Bayside.
- Two‑family home suitable for investment and self‑use.
- Boasting 5 bedrooms and 5 bathrooms.
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,091
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New construction two-family home in Bayside, move-in ready.
Where is this duplex located?
The property is located at 208-04 47th Ave Queens, 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: Brand new construction (2025) in Bayside.; Two‑family home suitable for investment and self‑use.; Boasting **5 bedrooms and 5 bathrooms**.
