About This Home
This 0-bedroom, 0-bathroom commercial at 4516 39th Place in Sunnyside, NY is listed for $4,799,000. Built in 1931, on a 0.06 acres lot.
Key Features
- Built in 1931
- 0.06 acre lot
Property Details
Amenities
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 Garden-level two-bedroom units. Opportunities to acquire multifamily assets of this scale, location, and ownership history trade infrequently within Sunnyside.
Monthly Cost Estimate
$25,666/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4516 39th Place
Sunnyside, NY 11104
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 4516 39th Place is listed at $4,799,000. The estimated monthly payment is $25,666 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1931, 0.06 acre lot.
This property is listed by Vincent J. Prezioso and can be reached at 9142220193.


