Brick Two-Family
New
For Sale
$1,458,800
35-04 208th Street, Bayside, NY 11361
Two full-floor homes are complemented by a finished-basement area, attached garage and private driveway.
Property Size2,762 SF
Price / SF$528.17
Days on Market6
Property Features for 35-04 208th Street
General Information
Standard status
Active
Size
2,762 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,220
Amenities
hardwood floors
cross-fenced yard
Building Details
Building Size
2,762 SF
Year Built
1955
Buildings
1
Stories
2
Construction
brick
Listing Agency:
RE/MAX 1st Choice
Listed By:
Po Wei Tair · License #7.51E+13
(917) 406-6026
Source:
Cottiemaxwellrealestate
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:44PM
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 RE/MAX 1st Choice
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Investment Insights
Based on property information with market context.
This detached brick duplex contains 2,762 square feet across two full-floor residences. The first-floor home has three bedrooms, a full bath, living and formal dining rooms, and an eat-in kitchen. The upper residence is arranged as five rooms, including two bedrooms, a full bath, living and dining rooms, and an eat-in kitchen. Hardwood flooring and gas heat serve the homes. A partly finished basement adds a half bath, storage and a separate entrance; an attached garage and private driveway provide on-site parking. A cross-fenced yard separates the outdoor areas for the two residences.
The property is in the District 26 school zone, near Crocheron Park and the Little Neck Bay waterfront, Bell Boulevard retail and dining, and Bay Terrace Shopping Center. Local Q13 and Q28 buses, express service on QM2, QM20 and QM32, Bayside LIRR station, Northern Boulevard and the Cross Island Parkway offer nearby transit and road connections. Built in 1955.
The property is in the District 26 school zone, near Crocheron Park and the Little Neck Bay waterfront, Bell Boulevard retail and dining, and Bay Terrace Shopping Center. Local Q13 and Q28 buses, express service on QM2, QM20 and QM32, Bayside LIRR station, Northern Boulevard and the Cross Island Parkway offer nearby transit and road connections. Built in 1955.
Key Highlights
- 2,762 square feet in a detached brick duplex
- Two residences occupy separate full floors: a three‑bedroom home below and a two‑bedroom, five‑room home above
- Partly finished basement with half bath, storage and its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,515
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,300
$1.4M
Cap Rate 7%
$964,500
$964.5K
Cap Rate 9%
$750,167
$750.2K
Market Conditions
NOI Build-Up for 2,762 SF
Gross rent
$127.6K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.8K $44.44/SF
− OpEx
−$55.2K −$20.00/SF
NOI
$67.5K $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%
$1,350,300
Cap Rate 7%
$964,500
Cap Rate 9%
$750,167
Alternative Uses
Best Use
Apartment 5plus
$964.5K
$843.9K – $1.13M
NOI $67,515 @ 7.0% cap · market cap 4.63%
Second Best
Multifamily LT 5
$653.1K
$571.5K – $761.9K
NOI $45,716 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,532 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
926
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two full-floor homes are complemented by a finished-basement area, attached garage and private driveway.
Where is this duplex located?
The property is located at 35-04 208th Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,458,800.
What are key features of this property?
This property features: 2,762 square feet in a detached brick duplex; Two residences occupy separate full floors: a three‑bedroom home below and a two‑bedroom, five‑room home above; Partly finished basement with half bath, storage and its own entrance
