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About the Listing JCHA03 - 503877
20-Unit Multifamily Portfolio | 60% Free Market | Sunnyside Combined Offering of 45-16 and 45-18 39th Place -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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Gas Oven, Gas Range, Refrigerator, Stainless Steel Appliance(s)
- Air Cond: Wall/Window Unit(s)
- Heating: Radiant
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Updated/Remodeled,Renovated
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $31,940
- Taxes w/Assessments: N/A
- Tax/Property ID: 00195-0036
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
4516 39th Pl Sunnyside, NY 11104
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