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41-07 47th Ave
Sunnyside, Queens | 41st Street & 42nd Street
50 Rooms20 Beds20 Baths13,752 Square FeetIncome Property
$3,850,000
$3,850,000
Updated 2 years ago
Off Market

41-07 47th Ave

Sunnyside, Queens | 41st Street & 42nd Street

50 Rooms20 Beds20 Baths13,752 Square FeetIncome Property

$3,850,000
floors / apts5 / 20
Building TypeLow-Rise
RE Taxes$95,040
Price Per SF
$280

Building Amenities

  • Voice Intercom
  • FIOS

Property Description for 41-07 47th Ave

Introducing 41-07 47th Ave, well managed rent stabilized building in heart of Sunnyside. Extraordinary opportunity for new ownership/investor to add to their existing portfolio since the building has recently undergone capital improvements, value add is there with slight tweaks, and lastly ability to utilize remaining FAR to develop.

Existing Building & Property Features: Current Zoning is R6A not landmarked, set on a 50' X 100' lot, the existing 4-story masonry building approx. 13,752SF. It currently consists of twenty (20) income-producing units: The layouts consist of a mix of one (1) bedrooms with certain ones being larger.

A bustling location right on 47th Ave nearby Queens Blvd with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the 7 subway line on 40th St-Lowery St around the corner providing easy access to Long Island City and Manhattan. This area is constantly being sought after and developed due to close proximity.

Reach out to request setup and any questions.

Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyers are advised to verify all information.


Listing History for 41-07 47th Ave

Now
10/09/2024
Expired by Lauren R. Bennett
Corcoran
09/24/2024
$3,850,000
Initial Price by Lauren R. Bennett
Corcoran
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Building Details for 41-07 47th Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1933
Floors/Apts5/20
Learn More About the Building

Contact Agents

Contact Agents

Lauren Bennett
Corcoran
Chris Cavorti
Corcoran
Donald Lai
Corcoran

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.

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Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
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: 97690TH
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