Sunnyside Homes with Multi Family Subtype

Sunnyside Homes with Multi Family Subtype

Sunnyside, located in Queens, NY, is a vibrant neighborhood known for its diverse community and convenient location. This charming area offers a mix of residential streets, local shops, and easy access to Manhattan, making it a popular choice for those looking to live close to the city while enjoying a more relaxed atmosphere.

For those interested in multi-family homes in Sunnyside, there are plenty of options to choose from. Whether you're looking for a duplex, triplex, or larger apartment building, Sunnyside has a variety of properties that cater to different needs and preferences. Investing in a multi-family home in Sunnyside can be a smart financial decision, as you can generate rental income while potentially increasing the value of your property over time.

With its tree-lined streets, diverse dining options, and proximity to parks and public transportation, Sunnyside offers a unique blend of urban convenience and suburban charm. If you're considering buying a multi-family home in Sunnyside, now is a great time to explore the real estate market in this dynamic neighborhood.

Newest Sunnyside Homes with Multi Family Subtype

$4,799,000
1017923 MLS
45-16 & 45-18 39th Place 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.

4516 39th Place, Sunnyside

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.