BEDS0
BATHS
MLS#1017923
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens24
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.
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
Listed By / Shown By
Listing By
Agency Name: Corcoran
Agency Contact: 914-222-0193
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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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.joycerealty.com today.