45 16 amp ; 45 18 39th Place TWO SEMI ATTACHED MULTIFAMILY BUILDINGS 20 UNITS 60 FREE MARKET 12 Free Market Units 60 6 Vacant Units 4 FM, 2 RS ...


Property

Website:https://www.nestseekers.com/5592333
Address:
New York, NY 11104
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%) 6 Vacant Units (4 FM, 2 RS) 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 property is currently configured with 6 vacant units, including 4 free-market apartments, creating an immediate opportunity to increase occupancy and revenue through strategic lease-up. This combination of free-market exposure and vacancy-driven upside is rarely available within Sunnyside's highly sought-after and supply-constrained rental market. The unit mix consists primarily of one-bedroom apartments, complemented by two ground-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

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Corcoran