Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of Modern Spaces Love Your Place
Introducing 39 29 47th Avenue a fully remodeled 10 unit mixed use asset in the heart of Sunnyside, Queens.
Description
Introducing 39-29 47th Avenue — a fully remodeled 10-unit mixed-use asset in the heart of Sunnyside, Queens. This income-producing property consists of six residential units (5 free-market, 1 rent-stabilized) and four commercial spaces, delivering a diversified and balanced revenue stream in one of Queens’ most stable rental corridors.
7.5% CAP RATE
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Renovated in 2018, the building seamlessly blends classic brick architecture with modern upgrades. The residential units are finished to today’s tenant expectations, featuring:
Stainless steel appliances
In-unit washers and dryers
Hardwood flooring
Updated kitchens and baths
These high-end finishes attract quality tenants and support strong rental positioning.
Positioned just moments from the 40th Street–Lowery Street station on the 7 train, residents enjoy direct and convenient access to Midtown Manhattan. Sunnyside continues to thrive as a high-demand rental market.
Amenities
- Electricity Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
