Income-Producing Property in the Heart of Bayside! Introducing a newly constructed, all-brick building with a solid concrete and steel structure spanning five total stories (four above ground plus a full basement). This exceptional investment opportunity offers a 5.2% cap rate and is ideally situated just two blocks from the LIRR Auburndale station, providing easy access to Manhattan. Property Highlights: Layout: Basement & First Floor Duplex: 2 bedrooms, 2.5 bathrooms Second Floor: 3 bedrooms, 2 bathrooms Third & Fourth Floor Duplex (Penthouse): 3 bedrooms, 2 bathrooms Outdoor Spaces: Each unit features a spacious balcony; the penthouse includes a private terrace. Parking: Private driveway and a large parking lot in the rear of the building. Construction Features: 12-inch thick walls, enhanced insulation, double-pane windows, fire doors, and a full sprinkler system throughout. Conveniences: Washer and dryer in both the second-floor unit and basement; two entrances (front and rear) to the basement. The first floor is zoned for community facility use, making it ideal for: Medical or dental offices/Psychological or counseling services/Tutoring centers or after-school programs/ University or college administrative offices/Senior centers or daycare facilities. This is a rare opportunity to own a versatile, income-generating property in one of Queens’ most desirable neighborhoods.

Listing courtesy of EXP Realty xingye.fu@exprealty.com


Based on information submitted to the MLS GRID as of 2025-06-06 05:47 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.