45 16 amp ; 45 18 39th Place TWO SEMI ATTACHED MULTIFAMILY BUILDINGS 20 UNITS 60 FREE MARKET 12 Free Market Units 60 17 Renovated Apartments 2 Newly Constructed Units ...
New York, NY 11104
Listing
| Web ID: | 5592333 |
|---|---|
| Website: | https://www.nestseekers.com/5592333 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Price:$4,799,000
Annual Taxes:$31,940
Description
45-16 & 45-18 39th Place
TWO SEMI-ATTACHED MULTIFAMILY BUILDINGS | 20 UNITS | 60% FREE MARKET
12 Free Market Units (60%)
17 Renovated Apartments
2 Newly Constructed Units
Family-Owned Since Early 1960s
One Block from the 7 Train
Prime Sunnyside Location
Significant Lease-Up Opportunity
New Boiler
Extensive capital improvements
Ideal for 1031 exchange and/or owner/operator.
The combined offering of 45-16 & 45-18 39th Place presents a rare opportunity to acquire two contiguous multifamily buildings totaling 20 residential units in the heart of Sunnyside, Queens, just one block from the entrance to the 7 train.
Family-owned and meticulously maintained since the early 1960s, the property consists of two semi-attached 10-family buildings that reflect decades of attentive ownership, ongoing capital improvements, and strong physical maintenance.
The portfolio features 17 renovated apartments and 2 newly constructed units, demonstrating a consistent commitment to upgrading and preserving the asset. Of the 20 residential units, 12 are free market, representing 60% of the portfolio and providing investors with significant operational flexibility and long-term income growth potential.
The unit mix consists primarily of one-bedroom apartments, complemented by two Garden-level two-bedroom units.
Opportunities to acquire multifamily assets of this scale, location, and ownership history trade infrequently within Sunnyside.
Amenities
- Electricity Available
- Gas Oven
- Gas Range
- Natural Gas Connected
- Refrigerator
- Stainless Steel Appliance(s)
Contact
Listing Courtesy of Corcoran