2,700 Sqft Lot
2,700 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1017923
Rental Info No
Year Built 1931
Annual Tax Amount $31,940
Lot Size 2,700 Sqft
Acres 0.062
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Radiant
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Appliance Gas Oven, Gas Range, Refrigerator, Stainless Steel Appliance(s)
Exterior
Parking Features On Street
Utilities Available Electricity Available, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 199 Maurice A Fitzgerald
Middle Schools Is 125 Thomas J Mccann Woodside
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
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Licensed Real Estate Salesperson | License ID: 10401267947