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4516 39th Place, Sunnyside, NY 11104

$4,799,000

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BEDS0 BATHS MLS#1017923

STATUSActive PROPERTY TYPECommercial - SCHOOLQueens24

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Property Description

45-16 & 45-18 39th PlaceTWO SEMI-ATTACHED MULTIFAMILY BUILDINGS | 20 UNITS | 60% FREE MARKET12 Free Market Units (60%)6 Vacant Units (4 FM, 2 RS)17 Renovated Apartments2 Newly Constructed UnitsFamily-Owned Since Early 1960sOne Block from the 7 TrainPrime Sunnyside LocationSignificant Lease-Up OpportunityNew BoilerExtensive capital improvementsIdeal 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 | MLS# 1017923

This commercial property located at 4516 39th Place, Sunnyside, NY 11104 is currently listed for sale with an asking price of $4,799,000. 39th Place is located within the Queens24 school district. Search Sunnyside real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Finished

Basement: Yes

Cooling: Wall/Window Unit(s)

Heating: Radiant

Lot Size: 0.06 Acres

Taxes: $31,940

Year Built: 1931

Feature Descriptions

Appliances: Gas Oven, Gas Range, Refrigerator, Stainless Steel Appliance(s)

Building Area Total: 5600

Days on Site: 2

Exterior: Brick

Flooring: Hardwood

On Market Date: 2026-06-24

Parcel Number: 00195-0036

Parking Features: On Street

Property Attached Y/N: 1

Rental Term: Monthly

Sewer: Public Sewer

Units: 20

Utilities: Electricity Available, Natural Gas Connected

Water: Public

Local Schools

High School: Queens Technical High School

Middle School: Is 125 Thomas J Mccann Woodside

Elementary School: Ps 199 Maurice A Fitzgerald

School District: Queens24

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Greenvale, NY 11548

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4516 39th Place, Sunnyside, NY 11104

Property Description

4516 39th Place | MLS# 1017923

Property Features

Feature Descriptions

Local Schools

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4516 39th Place, Sunnyside, NY 11104

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