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

1931

Amenities

HardwoodA/C
Listing 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 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

Principal$3,471
Interest$20,796
Insurance$1,400

Estimates only. Actual payments may vary.

Location

4516 39th Place

Sunnyside, NY 11104

Property Details

Flooring

Hardwood

Construction

Brick

Parking

On Street

Heating

Radiant

Cooling

Wall/Window Unit(s)Window Unit(s)

Appliances

Gas OvenGas RangeRefrigeratorStainless Steel Appliance(s)

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.

VP

Vincent J. Prezioso

Agent at Corcoran

(914) 222-0193

Listed by Corcoran · Broker phone: (631) 288-6900 · View on Broker Site

MLS# 1017923· Source: OneKey MLS· 90 days on PropertySimple

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4516 39th Place, Sunnyside, NY 11104

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