45-16 39th Place
Sunnyside | Queens Boulevard & 47th Avenue
Ownership
Income Property
Lot Size
27'x100'
Floors/Apts
3/10
Status
Active
Real Estate Taxes
[Per Annum]
$ 34,663
Building Type
Low-Rise
Building Size
22'x87'
Year Built
1931
ASF/ASM
10,680/992
Property Description
Combined Offering of 45-16 and 45-18 39th Place in Sunnyside.
20 Residential Rental Unit
-12 Free Market
-2 Gut Renovated
-17 Renovated
-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 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.
20 Residential Rental Unit
-12 Free Market
-2 Gut Renovated
-17 Renovated
-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 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.
Combined Offering of 45-16 and 45-18 39th Place in Sunnyside.
20 Residential Rental Unit
-12 Free Market
-2 Gut Renovated
-17 Renovated
-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 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.
20 Residential Rental Unit
-12 Free Market
-2 Gut Renovated
-17 Renovated
-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 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 Courtesy of Corcoran Group
Care to take a look at this property?
Apartment Features
A/C
Building Details [45-16 39th Place]
Ownership
Income Property
Block/Lot
195/36
Building Size
22'x87'
Zoning
R5D
Building Type
Low-Rise
Year Built
1931
Floors/Apts
3/10
Lot Size
27'x100'
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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