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37-06 37-06 Francis Lewis Blvd
Bayside, NY 11361

Multifamily Property For Sale · 3 Units

Investment Highlights

  • Near Crocheron Park

Executive Summary

Remarkable investment opportunity in the heart of Bayside! Just two blocks from the Long Island Rail Road, this stunning, brand-new three-family residence is perfectly positioned near stores, delightful restaurants, and the vibrant allure of Manhattan.
A legal 3 family building with 5 floors, with a total interior space of 3025 sq ft and an expansive 831 sq ft cellar for ample storage and versatility, this property offers exceptional living accommodations. Unit #1 – The first floor features a spacious 1-bedroom duplex with 1.5 baths spanning 1,662 sqft (831 sq ft plus 831 cellar) and a large backyard.
Unit #2 On the second floor, a 911 sq ft unit with 3 bedrooms provides ample space for comfortable living with two balconies.
Unit #3 The crowning jewel is the third-floor duplex, offering 1280 sqft of living space with high cathedral ceilings and 3 bedrooms, and an extra-large lofty with two balconies and a private terrace. (911 Third Floor +369 sq ft 4th fl Loft)
This property offers great returns with proposed high rents and boasts stunning curb appeal, ensuring maximum investment value. With 12-inch thick walls, extra insulation, and double-pane windows, it provides exceptional energy efficiency and a serene living environment. Imagine the endless possibilities and steady stream of rental income from such a prime investment. Don’t miss this unique opportunity to own a piece of Bayside’s finest real estate, where luxury meets convenience and potential meets reality. Secure your future today with this unparalleled investment.

PROPERTY FACTS

Price Per Unit $762,667
Sale Type Investment
Cap Rate 5.11%
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.04 AC
Building Size 3,194 SF
Average Occupancy 100%
No. Stories 3
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
7+5 3 - -

zoning

Zoning Code R4 (Walk-up Apartments - Three Families ( C0 ))
R4 (Walk-up Apartments - Three Families ( C0 ))
  • Listing ID: 32462106

  • Date on Market: 7/15/2024

  • Last Updated:

  • Address: 37-06 37-06 Francis Lewis Blvd, Bayside, NY 11361

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