Updated 16 days ago

45-16 39th Place

Sunnyside, Queens | Queens Blvd & 47th Ave

42 Rooms22 Beds20 Baths10,680 Square FeetIncome Property

$4,799,000
floors / apts3 / 10
Lot Size27'x100'
Built Size22'x87'
ZoneR5D
Building TypeLow-Rise
RE Taxes$34,663
Price Per SF
$449

Property Description for 45-16 39th Place

45-16 & 45-18 39th Place

TWO SEMI-ATTACHED MULTIFAMILY BUILDINGS 20 UNITS 60% FREE MARKET

12 Free Market Units (60%)
6 Vacant Units (4 FM, 2 RS)
17 Renovated Apartments
2 Newly Constructed Units
Family-Owned Since Early 1960s
One Block from the 7 Train
Prime Sunnyside Location
Significant Lease-Up Opportunity
New Boiler
Extensive Capital Improvements

Ideal 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.

Listing History for 45-16 39th Place

Now
06/25/2026
$4,799,000
Initial Price by Vince Prezioso
Corcoran
Launch

Building Details for 45-16 39th Place

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/10
Learn More About the Building

Contact Agents

Contact Agents

Licensed As
Jennifer Hsu
Salesperson
License#:
10401233453
Company:
Corcoran
View this property on the company's website

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.

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: 106938TH