Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    39-31 47Th Ave Sunnyside, NY 11104

    View on Map
    Sponsored
    For Sale
    $2,290,000

    MULTI_FAMILY - Sunnyside, NY

    Lot size:
    0.04 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 9:06 am

    Property Features for 39-31 47Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1
    Bedrooms
    4
    Bathrooms
    3
    APN
    00194-0005
    Parking features
    On Street
    Interior features
    First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Open Floorplan, Open Kitchen, Recessed Lighting, Stone Counters, Washer/Dryer Hookup
    Basement
    Full
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Wall/Window Unit(s), Window Unit(s), Ductless
    Water source
    Public

    Building Details

    Year built
    1930
    Number of units
    3
    Flooring type
    Hardwood, Wood
    Building materials
    Brick

    We can help!

    Listing Contact
    Po Wei Tair

    Remax 1st Choice (917) 406-6026

    Listing agent Po Wei Tair (917) 406-6026

    Listing date Mar 13, 2026

    MLS# 971452 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Mixed-Use Income Property

    This is a three-story walkup building in Sunnyside, featuring two renovated apartments of approximately 1,000 square feet each. The apartments include high ceilings, hardwood floors, open kitchens, in-unit washer/dryers, split AC units, modern fixtures, and stainless steel appliances, including dishwashers. The property also includes a versatile storefront. The building is located one block from the 7 train at Lowery Station, and is near restaurants and nightlife in Astoria and Long Island City. Grand Central is a 20-minute commute. The surrounding area of Sunnyside offers parks, cafes, farmers' markets, and athletic outlets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lessage Laser Spa ... Skin Care Clinic

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyside
    County
    Queens
    State
    New York
    Longitude
    -73.925308
    Latitude
    40.742123

    Nearby Similar for Sale

    • $4,599,000
      5,220 SF

      Sunnyside Corner Commercial Property

      Income-producing property with gas station, store, and repair shop.
      39-04 Skillman Ave, Sunnyside, NY 11104
      View Details
    • $1,498,888
      0.06 Acres

      Sunnyside Legal 6-Family Building

      Legal 6-family building in Sunnyside with parking and expansion potential.
      43-32 40Th St, Sunnyside, NY 11104
      View Details
    • $1,498,888
      0.06 Acres

      Sunnyside Legal 6-Family Building

      Legal 6-family building in Sunnyside with parking and expansion potential.
      43-32 40Th St, Sunnyside, NY 11104
      View Details
    • $900,000
      3,684 SF

      Sunnyside Multifamily Investment Opportunity

      Three-story, six-unit building in vibrant Sunnyside neighborhood.
      45-55 40Th St, Sunnyside, NY 11104
      View Details
    • $999,000

      Sunnyside Multi-Family Investment Opportunity

      Six-unit building near the 7 train in vibrant Sunnyside.
      4538 40Th St, Sunnyside, NY 11104
      View Details
    • $1,700,000
      0.04 Acres

      Sunnyside Triplex with Renovated Units

      Spacious, renovated Sunnyside triplex near transit and amenities.
      45-47 43Rd St, Sunnyside, NY 11104
      View Details
    • New
      $1,325,000
      0.05 Acres

      Sunnyside Two-Family Brick House

      Two-family brick house with finished basement and private backyard.
      3921 48Th St, Sunnyside, NY 11104
      View Details
    • $1,200,000
      0.05 Acres

      Sunnyside Duplex with Manhattan Views

      Semi-detached brick duplex in Sunnyside with Manhattan views.
      5054 39Th Pl, Sunnyside, NY 11104
      View Details
    • $2,950,000
      Pending

      Sunnyside Multifamily Building For Sale

      Multifamily property in Sunnyside, Queens, with R7A zoning.
      45-01 43Rd Ave, Sunnyside, NY 11104
      View Details
    • $2,950,000
      Pending

      Sunnyside Multifamily Building For Sale

      16-unit multifamily building in Sunnyside, Queens.
      45-07 43Rd Ave, Sunnyside, NY 11104
      View Details
    • $5,900,000
      Pending

      Sunnyside Multifamily Opportunity

      Multifamily property for sale in Sunnyside, Queens.
      45-01/07 43Rd Ave, Sunnyside, NY 11104
      View Details
    • $3,770,000
      11,000 SF

      Established Sunnyside Anti-Aging Skin Care

      Fully functioning skin care center with established client base.
      4408-4424 Greenpoint Ave, Sunnyside, NY 11104
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-unit mixed-use property in Sunnyside, near transportation and amenities.
    Where is this mixed-use property located?
    The property is located at 39-31 47Th Ave Sunnyside, NY.
    What is the asking price?
    The asking price for this property is $2,290,000.
    What are key features of this property?
    This property features: - Newly renovated 3-unit mixed-use property (two apartments and a storefront) offering immediate cash flow.; - Prime Sunnyside location, just one block from the 7 train (Lowery Station).; - Apartments feature **high ceilings, hardwood floors, open kitchens, in-unit washer/dryer, split AC, and stainless steel appliances (including dishwashers).**
    (917) 406-6026
    Request Owner's contact information
    39-31 47Th Ave Sunnyside, NY 11104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    39-31 47Th Ave
    Sunnyside, NY 11104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    39-31 47Th Ave Sunnyside, NY 11104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Po Wei Tair
    Real Estate License ID: 7.51E+13
    (917) 406-6026 (516) 888-6000 (718) 279-8686
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!