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 ...
45-16 39th Place
Queens, NY 11104
Listing
| Web ID: | 5592435 |
|---|---|
| Website: | https://www.nestseekers.com/5592435 |
| Cross street: | Queens Boulevard |
| Building: | 45-16 39th Place Queens |
| Type: | Low-rise |
| Era: | Post-war |
| Floors: | 3 |
Property
| Ownership: | income-property |
|---|---|
| Rooms: | 42 |
| Bedrooms: | Studio |
Financials
Price:$4,799,000
Real estate tax:$34,663
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 ground-level two-bedroom units.
Opportunities to acquire multifamily assets of this scale, location, and ownership history trade infrequently within Sunnyside.
Inquire for Offering Memo
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 ground-level two-bedroom units.
Opportunities to acquire multifamily assets of this scale, location, and ownership history trade infrequently within Sunnyside.
Inquire for Offering Memo
Floorplan 
Floorplan Contact
Listing Courtesy of The Corcoran Group
