Queens24 Homes with Multi Family Subtype

Queens24 Homes with Multi Family Subtype

Welcome to Queens24, a vibrant and diverse neighborhood nestled in the heart of Queens, NY. This area is not only known for its rich cultural tapestry but also for its exceptional educational opportunities. Queens24 falls within a highly regarded school district that prioritizes quality education and community involvement. Families can take comfort in knowing that their children have access to a variety of public and charter schools, renowned for their dedicated faculty and innovative programs. From early childhood education to high school, the schools in this district strive to foster a love for learning and prepare students for future success.

In addition to its educational offerings, Queens24 is an enticing location for homebuyers, particularly those interested in multi-family properties. The multi-family homes in this area present a unique opportunity for both investors and families seeking a spacious living arrangement. These properties not only provide the potential for rental income but also foster a sense of community, as neighbors become more than just residents—they become friends.

Living in Queens24 means enjoying the best of both worlds: the charm of suburban life combined with the convenience of urban amenities. With easy access to public transportation, shopping, dining, and recreational facilities, residents can enjoy a vibrant lifestyle without sacrificing comfort. Whether you’re looking to invest or find a place to call home, the multi-family homes in Queens24 offer a perfect blend of opportunity, community, and quality living. Explore the possibilities in this dynamic neighborhood today!

Newest Queens24 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.