Combined Offering of 45 16 and 45 18 39th Place in Sunnyside.
| Website: | https://www.nestseekers.com/5592435 |
|---|---|
| Address: | 45-16 39th Place Queens, NY 11104 |
| Cross street: | Queens Boulevard |
| Type: | Low-rise |
| Era: | Post-war |
| Floors: | 3 |
| Ownership: | Rental Property |
|---|---|
| Rooms: | 42 |
| Bedrooms: | Studio |
Financials
Price:$4,799,000
Description
Combined Offering of 45-16 and 45-18 39th Place in Sunnyside.
-12 Free Market Units
-2 Brand New Units
-17 Renovated Units
-New Boiler
Ideal for 1031 exchange and/or owner/operator.
The combined offering of 45-16 & 45-18 39th Place presents a rare opportunity to acquire a generational multifamily asset in the heart of Sunnyside, one block from the entrance to the 7 train.
Family owned since the early 1960s, the property has been meticulously maintained over decades of ownership with a level of care rarely seen in multifamily assets of this scale. Comprised of two semi-attached 10-family buildings totaling 20 residential units, the property reflects true pride of ownership throughout, combining clean operations, strong physical maintenance, and long-term stewardship.
Of the property's 20 residential units, 12 are free market, representing 60% of the portfolio. The asset is
currently configured with 6 vacant units, including 4 free-market apartments, providing immediate leasing
opportunity within one of Queens' most transit-oriented and supply-constrained residential submarkets.
The property features 17 updated apartments, along with 2 newly constructed units, demonstrating a
consistent history of capital improvements and operational care throughout the buildings.
The unit mix consists of two walk-in ground-level two-bedroom units, with three upper residential floors
featuring three one-bedroom apartments per floor.
Opportunities to acquire multifamily assets of this scale and condition trade infrequently within Sunnyside, particularly assets combining legacy ownership, strong ownership oversight, and embedded upside.
-12 Free Market Units
-2 Brand New Units
-17 Renovated Units
-New Boiler
Ideal for 1031 exchange and/or owner/operator.
The combined offering of 45-16 & 45-18 39th Place presents a rare opportunity to acquire a generational multifamily asset in the heart of Sunnyside, one block from the entrance to the 7 train.
Family owned since the early 1960s, the property has been meticulously maintained over decades of ownership with a level of care rarely seen in multifamily assets of this scale. Comprised of two semi-attached 10-family buildings totaling 20 residential units, the property reflects true pride of ownership throughout, combining clean operations, strong physical maintenance, and long-term stewardship.
Of the property's 20 residential units, 12 are free market, representing 60% of the portfolio. The asset is
currently configured with 6 vacant units, including 4 free-market apartments, providing immediate leasing
opportunity within one of Queens' most transit-oriented and supply-constrained residential submarkets.
The property features 17 updated apartments, along with 2 newly constructed units, demonstrating a
consistent history of capital improvements and operational care throughout the buildings.
The unit mix consists of two walk-in ground-level two-bedroom units, with three upper residential floors
featuring three one-bedroom apartments per floor.
Opportunities to acquire multifamily assets of this scale and condition trade infrequently within Sunnyside, particularly assets combining legacy ownership, strong ownership oversight, and embedded upside.
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Corcoran Group | |
Floorplan 
Floorplan 