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43-18 Greenpoint Ave
Sunnyside, Queens | 43rd Street & 44th Street
8 Rooms2 Beds2 Baths2,200 Square FeetMixed Use
$1,980,000
$1,980,000
Updated 2 years ago
Off Market

43-18 Greenpoint Ave

Sunnyside, Queens | 43rd Street & 44th Street

8 Rooms2 Beds2 Baths2,200 Square FeetMixed Use

$1,980,000
floors / apts2 / 2
Lot Size24'x66'4"
Built Size18'6"x66'
ZoneR6A
Building TypeLow-Rise
RE Taxes$8,186
Price Per SF
$900

Property Description for 43-18 Greenpoint Ave

Investment Opportunity in Thriving Sunnyside

Ground Floor:
Large flexible commercial space
This ground floor in a city area is ideal for a variety of businesses, including a retail
store, restaurant, lawyers office, or dry-clean store.
Top Floor:
Two spacious one-bedroom apartments
Modern renovations with private kitchens and bathrooms
Potential for strong rental income
Full Basement:
Fully furnished with ample storage space
Ideal for inventory, equipment, or additional income potential
Additional Highlights:
Building size: 2,200 SF
Building class: C
Year built/renovated: 1925/2019
Price: $1,980,000
Price per SF: $900
Cap rate: 7%
NOI: $138,600
Percent leased: Vacant (will be delivered vacant)
Location: 3 blocks from Queens Blvd and 7 Train
Prime Location:

Situated on a vibrant stretch of Greenpoint Ave, this property benefits from high foot traffic and convenient access to public transportation. The 7 train at Queens Blvd is just a short walk away, providing easy connections to Manhattan and beyond. The surrounding neighborhood is a dynamic mix of residential, retail, and commercial establishments, ensuring a steady stream of potential customers or tenants.

Investment Potential:

With its flexible layout, strong rental income potential, and prime location, 4318 Greenpoint Ave presents a compelling investment opportunity for savvy buyers. Whether youre looking for a retail space to launch your business, rental apartments to generate passive income, or a combination of both, this property has something to offer.

INVESTMENT HIGHLIGHTS
Will be Delivered Vacant
Newly Renovated Apartment Units
3 Blocks from Queens Blvd and 7 Train

This mixed-use gem in Sunnyside, Queens offers a prime location, versatile layout, and strong income potential. 4318 Greenpoint Ave boasts a charming storefront on the ground floor, perfect for a variety of retail or office uses. Above, two newly renovated one-bedroom apartments provide attractive residential options, each with its own private kitchen and bathroom.

Dont miss out on this chance to own a piece of thriving Sunnyside. Contact us today to schedule a viewing!

Listing History for 43-18 Greenpoint Ave

Now
07/15/2024
POM by Serene C. Powers
Serene Powers Real Estate
01/31/2024
$1,980,000
Initial Price by Serene C. Powers
Serene Powers Real Estate
Load More

Building Details for 43-18 Greenpoint Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1925
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

46 St-Bliss St
0.22 miles
40 St-Lowery St
0.24 miles

Citi Bike

44 St & Greenpoint Ave
0.02 miles
44 St & 48 Ave
0.11 miles

Contact Agent

Contact Agent

Licensed As
Serene C. Powers
Broker
License#:
10491211851
Company:
Serene Powers Real Estate
Serene Powers
Serene Powers Real Estate

Sunnyside | Queens

Quick Profile

Sunnyside is an affordable neighborhood that offers a unique blend of big-city living with a friendly small-town feel. Some residents consider it one of the best kept secrets in New York City. Located just 20 minutes from Midtown Manhattan by subway, the neighborhood looks like a different era due to the prewar apartment buildings, row houses and smaller mom-and-pop businesses that populate much of the business districts.

Sunnyside is an intriguing place to explore. It’s situated in the western portion of Queens. The boundaries of this mostly residential neighborhood are Long Island City to the west, Astoria to the north, Woodside to the east, and Maspeth to the south.  

Once a rural hamlet of small farms and marshlands, the area transformed into a flourishing suburb shortly after the construction of the Queensboro Bridge (currently known as the Ed Koch Queensboro Bridge) in 1909. Sunnyside was an Irish-American stronghold for decades. Although this demographic is still very much a part of the neighborhood’s identity, it has become increasingly diverse in recent years.

You can eat around the world without ever getting on an airplane. Like many sections of Queens, Sunnyside has notable food spots representing cuisine from Tibet, Mexico, Italy, Japan, and Middle Eastern countries too. If you’re too busy to wander Sunnyside in search of the best international food, then hold off until the fall when the neighborhood rolls out the Taste of Sunnyside Restaurant Crawl. An annual event that features the very best of the diverse flavors of Sunnyside. Come hungry because there is no shortage of good food and drink from around the globe.

Sunnyside’s housing options include a large stock of rentals, co-op’s, single-family and multi-family homes. The average listed price is $479,000, while the median listed price is $425,000. Businesses in Sunnyside are generally located along Queens Boulevard and Skillman, 43rd, 47th, 48th, and Greenpoint Avenues.

More

Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2022

According to New York City records, the median price for an apartment in Manhattan in the month of August 2022 was $1,175,000 The price represents an increase of 9.6% from last year’s median price of $1,072,500. The number of sales increased from 1308 to 1,546 representing a year-over-year increase of 18%. What exactly does $1.17...

posted on October 23, 2022
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.
OLR ID: 94098TH
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