45-16 39th Place, Queens, NY 11104
Local realty services provided by:CENTURY 21 Awaye Realty
45-16 39th Place,Queens, NY 11104
$4,799,000
- 22 Beds
- 10 Baths
- 1,914 sq. ft.
- Multi-family
- Active
Listed by: vincent joseph prezioso, jennifer hsu
Office: corcoran group
MLS#:RLS20099776
Source:NY_REBNY
Price summary
- Price:$4,799,000
- Price per sq. ft.:$2,507.31
About this home
45-16 & 45-18 39th Place<br> <br> TWO SEMI-ATTACHED MULTIFAMILY BUILDINGS 20 UNITS 60% FREE MARKET<br> <br> 12 Free Market Units (60%)<br> 6 Vacant Units (4 FM, 2 RS)<br> 17 Renovated Apartments<br> 2 Newly Constructed Units<br> Family-Owned Since Early 1960s<br> One Block from the 7 Train<br> Prime Sunnyside Location<br> Significant Lease-Up Opportunity<br> New Boiler<br> Extensive Capital Improvements<br> <br> Ideal for 1031 exchange and/or owner/operator.<br> <br> 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.<br> <br> 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.<br> <br> 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.<br> <br> 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.<br> <br> The unit mix consists primarily of one-bedroom apartments, complemented by two ground-level two-bedroom units.<br> <br> Opportunities to acquire multifamily assets of this scale, location, and ownership history trade infrequently within Sunnyside.<br> <br>...
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Home facts
- Year built:1931
- Subdivision & Development:Sunnyside
- Listing ID #:RLS20099776
- Added:45 day(s) ago
- Updated:August 09, 2026 at 11:30 AM
Rooms and interior
- Bedrooms:22
- Total bathrooms:10
- Full bathrooms:10
- Rooms Total:42
- Basement:Yes
- Living area:1,914 sq. ft.
Structure and exterior
- Year built:1931
- Building area:1,914 sq. ft.
- Levels:3 Story
Finances and disclosures
- Price:$4,799,000
- Price per sq. ft.:$2,507.31
- Tax amount:$63,480
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