Home Details for 4516 39th Place

20-Unit Multifamily Portfolio | 60% Free Market | Sunnyside Combined Offering of 45-16 and 45-18 39th Place -12 Free Market Units -2 Brand New Units -17 Renovated Units -New Boiler 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.

• Utilities

  • Natural Gas Available
  • Electricity Available
  • Natural Gas Connected

• Cooling Information

  • Wall/Window Unit(s)

• Heating Information

  • Radiant

• Water Features

  • Public

• Parking

  • On Street

• Basement

  • Finished