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Well-Maintained Office Building
For Sale
$12,990,000

214-25 42nd Avenue, Bayside, NY 11361

Well-maintained office building with 5,000-sf basement and 75 parking spaces serving the ground floor.

Property SizeContact for details
Days on Market34

Property Features for 214-25 42nd Avenue

General Information

Standard status Active
Total Parking Spaces 75
Property subtype Commercial
Zoning C8-1
Occupancy 100%

Taxes and HOA fees

Annual Taxes $115,504

Building Details

Year Built 2008
Stories 4
Listing Agency: Promise Realty LLC
Listed By: David Kim (davidjookim@gmail.com) · License #10401328546
Source: Iaquintarealestate
Added: Jul 21 Changed: Aug 23 Last Checked: Aug 23 at 5:55AM

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 Promise Realty LLC

Investment Insights

Based on property information with market context.

This well-maintained office building offers a complete office improvement with 100% occupancy indicated and a 5,000-square-foot basement. The ground floor and basement together provide 75 parking spaces.

The property is positioned in a high-foot-traffic area on Bell Blvd, with the LIRR located about a block away.

For underwriting context, the data provided shows zoning of C8-1 and gross income of $840,000 with expenses of $170,000, resulting in an NOI of $670,000. Additional information indicates office percentage of 100% and a vacancy percentage of 0.

Key Highlights

  • Well‑maintained office building built in 2008
  • 5,000 SF basement plus ground‑floor space
  • 75 parking spaces serving the ground floor and basement

Property Analytics

Current Use

HANA Adult daycare Adult Day Care Aflac Insurance Agent:Richard ... Insurance Agency Premier Financial Alliance Financial Advisor Andrew Cabrera - Aflac ... Insurance Agency Structural Engineering System Structural Engineer

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage Nursing Home Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

5,722
Businesses Nearby

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Well-maintained office building with 5,000-sf basement and 75 parking spaces serving the ground floor.
Where is this office building located?
The property is located at 214-25 42nd Avenue Bayside, NY.
What is the asking price?
The asking price for this property is $12,990,000.
What are key features of this property?
This property features: Well‑maintained office building built in 2008; 5,000 SF basement plus ground‑floor space; 75 parking spaces serving the ground floor and basement
More about this property
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