37-12 Francis Lewis Boulevard

Description

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.